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Worcester 01604 Grafton Hill
482 Lake Avenue
$316,000
● House - Off Market

482 Lake Avenue

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$330,402
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Elegant ranch-style single family home.  Home features include single living level.  Living room includes bay window with water view of Lake Quinsigamond.  Eat in kitchen, three bedrooms and bath.  Three season enclosed porch off kitchen.  Partially finished basement accessing garage.  Roof replaced in 2005.  Vinyl sided exterior with well kept grounds.  Easy access to routes 9, 20 and the Massachusetts Turnpike.  Less than 2 miles to UMASS Medical Center.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$298
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #72911796)

Price History

Date / Event Date Event Price
Dec 29, 2021 Sold
Premium
Sold
Oct 22, 2021 Listed by Gibson Sotheby's International Realty $299,900
Listed by Gibson Sotheby's International Realty

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 720
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,693
  • Total Building Area: 1,008
  • Gross Building Area: 2,416
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000429
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732301

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 41-006-00136
  • Parcel: WORC M:41 B:006 L:00136
  • Block: 6
  • Lot: 136
  • Municipality: WORCESTER
  • Latitude: 42.2451
  • Longitude: -71.7492

    Address

  • Full Address: 482 Lake Ave
  • Address - House Number: 482
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1363
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $456,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 379,757
  • High Value: 450,956
  • Low Value: 308,558

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $318,300
  • Assessed Land Value: $103,700
  • Assessed Improvements Value: $214,600

    Sales

  • Current Sale Contract Date: Dec 29, 2021
  • Current Sale Recording Date: Dec 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 182425
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Grafton Hill

Stats & Trends

Median Asking:

$449,950

Sale Price/ft²

$277

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1747 ft²

Average Home Age

69.3 years

Currently For Sale

22 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72911796

Frequently Asked Questions

When was property at 482 Lake Avenue built and last sold?
The property at 482 Lake Avenue was built in 1960 and last sold on Dec 29, 2021 for $316,000.
How much is this home worth?
The estimated value of the home located at 482 Lake Avenue is $0.
What are some comparable homes to 482 Lake Avenue?
There are currently no comparable homes to 482 Lake Avenue.
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