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Worcester 01604 Grafton Hill
511 Lake Ave
$263,500
● House - Off Market

511 Lake Ave

Worcester, MA 01604
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,225 Ft²
$387,606
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Location, location, location! This is your chance to own a two story raised ranch house on the desirable Lake Avenue with town water, sewer and natural gas! It includes a newer roof, newer vinyl windows, updated kitchen with newer appliances, updated bathroom, large level lot, attached garage and a private stone patio for entertaining. The master bedroom has a walk-in closet, the enclosed porch / mudroom is massive and the basement has high ceilings.  This house feels enormous and has tons of storage. This is truly a great opportunity to own near the lake at an affordable price. Great commuting location, minutes from the Mass Pike, Route 146, 290 and 190. Tennis courts, public beach and jogging trails are just a few of the close by area amenities. First showings at Open House Saturday October 12th Noon to 2pm.
Unit Size
1,225 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$216
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72577125)

Price History

Date / Event Date Event Price
Dec 2, 2019 Sold
Premium
Sold
Oct 8, 2019 Listed by McManus Realty $265,000
Listed by McManus Realty
Jun 26, 2015 Sold
Premium
Sold
Apr 14, 2015 Listed by McManus Realty $195,000
Listed by McManus Realty
Jun 29, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 700
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,512
  • Total Building Area: 1,225
  • Gross Building Area: 2,533
  • Building Area: 1,225
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,225
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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: 41-011-00013
  • Parcel: WORC M:41 B:011 L:00013
  • Block: 11
  • Lot: 13
  • Municipality: WORCESTER
  • Latitude: 42.2433
  • Longitude: -71.7477

    Address

  • Full Address: 511 Lake Ave
  • Address - House Number: 511
  • 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: $439,200

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 389,021
  • High Value: 461,956
  • Low Value: 316,085

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $306,300
  • Assessed Land Value: $102,400
  • Assessed Improvements Value: $203,900

    Sales

  • Current Sale Contract Date: Nov 25, 2019
  • Current Sale Recording Date: Dec 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 129967
  • Previous Sale Recording Date: Jun 26, 2015
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: O
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72577125

Frequently Asked Questions

When was property at 511 Lake Avenue built and last sold?
The property at 511 Lake Avenue was built in 1940 and last sold on Nov 25, 2019 for $263,500.
How much is this home worth?
The estimated value of the home located at 511 Lake Avenue is $272,191.
What are some comparable homes to 511 Lake Avenue?
There are currently no comparable homes to 511 Lake Avenue.
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