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Worcester 01604 Grafton Hill
509 Lake Ave
$185,000
● House - Off Market

509 Lake Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,237 Ft²
$376,347
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model

About This Property

Comforting and warm describe this 2-3 bedroom cape! Two large bedrooms on the second floor, along with a full bath and hardwood floors. First floor offers a large front to back fireplaced living room/dining room combo with hardwood floors and a sun porch off the back.Large master bedroom on first floor currently used as a dining room.Large updated full bath with a laundry closet and plenty of storage, and an eat in kitchen with views of the large back yard. Young furnace & water heater.
Unit Size
1,237 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$153
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1939

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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 #71501151)

Price History

Date / Event Date Event Price
May 30, 2013 Sold
Premium
Sold
Apr 1, 2013 Listed by DCU Realty - Westboro $189,500
Listed by DCU Realty - Westboro
Sep 15, 2008 Sold
Premium
Sold
May 1, 2008 Listed by DCU Realty - Westboro $199,900
Listed by DCU Realty - Westboro

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 4
  • 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: 405
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,775
  • Total Building Area: 1,237
  • Gross Building Area: 2,310
  • Building Area: 1,237
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,237
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000201
  • 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: 41-011-00014
  • Parcel: WORC M:41 B:011 L:00014
  • Block: 11
  • Lot: 14
  • Municipality: WORCESTER
  • Latitude: 42.2435
  • Longitude: -71.7477

    Address

  • Full Address: 509 Lake Ave
  • Address - House Number: 509
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1369
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $457,000

    Appraisal Valuation

  • Standard Deviation: 0.195
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 401,471
  • High Value: 479,770
  • Low Value: 323,173

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $318,700
  • Assessed Land Value: $102,800
  • Assessed Improvements Value: $215,900

    Sales

  • Current Sale Recording Date: May 30, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000006
  • Previous Sale Recording Date: Sep 15, 2008
  • Previous Sale Amount: $182,500
  • 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 Grafton Hill

Stats & Trends

Median Asking:

$459,500

Sale Price/ft²

$280

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1833 ft²

Average Home Age

65.1 years

Currently For Sale

24 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71501151

Frequently Asked Questions

When was property at 509 Lake Avenue built and last sold?
The property at 509 Lake Avenue was built in 1939 and last sold on Jan 1, 1970 for $185,000.
How much is this home worth?
The estimated value of the home located at 509 Lake Avenue is $198,725.
What are some comparable homes to 509 Lake Avenue?
There are currently no comparable homes to 509 Lake Avenue.
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