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Worcester 01604 Lake Park
5 Lake View St
$400,000
● House - Off Market

5 Lake View St

Worcester, MA 01604
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,368 Ft²
$2,285
Est. Monthly

About This Property

*Extremely Rare Find* Turn Key 4 Bedroom, 2 Full Bathroom, Single Family Home off Lake Ave steps to UMASS Medical! Modern Interior w/ New Flooring Throughout, Eat-in Tiled Kitchen w/ Brand New Granite Counter-tops, Stainless Steel Appliances & Built-in Microwave. 1st Floor has the Living Room, 2 Large Bedrooms & a Full Bathroom. The 2nd Floor has 2 Large Bedrooms, 1 Full Bathroom, Laundry Room w/ Washer/Dryer Included & an Office or Big Walk-in Closet for Storage etc. Vinyl Siding, Replacement Windows, Gas Heat Forced Hot Air, Large Deck just Painted, Paved Driveway for 4 Cars & Partial Fenced in Yard! Buy to move in or buy as an investment and easily rent to Medical Students! Open House this Sunday 9/29/24 from 12-1:30pm!
Unit Size
1,368 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$292
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1880

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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: 4 months ago (MLSPIN #73293523)

Price History

Date / Event Date Event Price
Nov 5, 2024 Sold
Premium
Sold
Oct 2, 2024 In contract -
In contract
Sep 23, 2024 Listed by The DiRoberto Group Inc. $400,000
Listed by The DiRoberto Group Inc.
Jan 26, 2024 Temporarily off market -
Temporarily off market
Jan 12, 2024 In contract -
In contract
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 831
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,460
  • Total Building Area: 1,368
  • Gross Building Area: 2,602
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HALL DAVID CO
  • Land Acres: 0000000102
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732201

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 17-003-00050
  • Parcel: WORC M:17 B:003 L:00050
  • Block: 3
  • Lot: 50
  • Municipality: WORCESTER
  • Latitude: 42.2683
  • Longitude: -71.7603

    Address

  • Full Address: 5 Lake View St
  • Address - House Number: 5
  • Address - Street Name: Lake View
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 1170
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $370,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2764
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 60
  • Final Value: 352,904
  • High Value: 450,467
  • Low Value: 255,342

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,200
  • Assessed Land Value: $78,500
  • Assessed Improvements Value: $179,700

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 163881
  • Previous Sale Recording Date: Dec 12, 2008
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: 27
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 Lake Park

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$280

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1335 ft²

Average Home Age

43.8 years

Currently For Sale

8 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

Unit for rent at 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73293523

Frequently Asked Questions

When was property at 5 Lake View Street built and last sold?
The property at 5 Lake View Street was built in 1880 and last sold on Nov 19, 2021 for $268,000.
How much is this home worth?
The estimated value of the home located at 5 Lake View Street is $386,674.
What are some comparable homes to 5 Lake View Street?
There are currently no comparable homes to 5 Lake View Street.
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