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Worcester 01604 Grafton Hill
518 Lake Ave.
$136,000
● House - Off Market

518 Lake Ave.

Worcester, MA 01604
bedrooms
2 Beds
bathrooms
1 Bath
square feet
923 Ft²
$383,271
RealtyHop Estimate
168.19%
Since Nov 1, 2001
National-US
Primary Model

About This Property

WELL MAINTAINED CAPE CLOSE TO MAJOR ROUTES AND LAKE QUINSIGAMOND-IDEAL FOR THE FIRST TIME BUYER-UPDATED ELECTRIC-PRICED TO SELL QUICKLY.
Unit Size
923 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$155
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1920

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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 years ago (MLSPIN #30532551)

Price History

Date / Event Date Event Price
Oct 12, 2001 Sold
Premium
Sold
Aug 13, 2001 Listed by Coldwell Banker Realty - Northborough $142,911
Listed by Coldwell Banker Realty - Northborough
Jun 19, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 3
  • 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: 780
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,235
  • Gross Building Area: 2,525
  • Building Area: 1,235
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,235
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 41-008-00146
  • Parcel: WORC M:41 B:008 L:00146
  • Block: 8
  • Lot: 146
  • Municipality: WORCESTER
  • Latitude: 42.2427
  • Longitude: -71.7485

    Address

  • Full Address: 518 Lake Ave
  • Address - House Number: 518
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1339
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $387,900

    Appraisal Valuation

  • Standard Deviation: 0.2075
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 357,142
  • High Value: 431,269
  • Low Value: 283,015

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $270,500
  • Assessed Land Value: $85,100
  • Assessed Improvements Value: $185,400

    Sales

  • Current Sale Recording Date: Oct 12, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 19, 1998
  • Previous Sale Amount: $81,000
  • 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 Grafton Hill

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$278

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1967 ft²

Average Home Age

68.6 years

Currently For Sale

25 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: 4 years ago
Data Source: MLS PIN, MLS# 30532551

Frequently Asked Questions

When was property at 518 Lake Avenue built and last sold?
The property at 518 Lake Avenue was built in 1920 and last sold on Jan 1, 1970 for $136,000.
How much is this home worth?
The estimated value of the home located at 518 Lake Avenue is $151,492.
What are some comparable homes to 518 Lake Avenue?
There are currently no comparable homes to 518 Lake Avenue.
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