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Worcester 01604 Broadmeadow Brook
534 Lake Ave
$264,000
● House - Off Market

534 Lake Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,470 Ft²
$387,460
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

MULTIPLE OFFER (BEST AN FINAL BY TUESDAY 11-12 AT 5:00PM) Pride of ownership shows in this beautifully cape-style home! Gleaming hardwood flooring & Ceramic tile throughout! Nicely updated and spacious eat-in fully applianced kichen boasting Corian Counters and updated Light wood cabinetry! Large Fireplaced Living Room! Updated Baths! Truly move in condition! Large 1st floor Bedroom (has closet ) currently used as dining room! Large fenced yard! Vinyl Sided! Convenient to shopping and easy access to Mass pike and major routes!
Unit Size
1,470 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$180
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1940

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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 #72590196)

Price History

Date / Event Date Event Price
Dec 23, 2019 Sold
Premium
Sold
Nov 8, 2019 Listed by The LUX Group $264,900
Listed by The LUX Group
Jul 24, 2013 Sold
Premium
Sold
Mar 3, 2013 Listed by The LUX Group $199,900
Listed by The LUX Group
Aug 9, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • 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: 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: 840
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 1,470
  • Gross Building Area: 2,544
  • Building Area: 1,470
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,470
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WORCESTER
  • Land Acres: 0000000230
  • 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: 41-008-00151
  • Parcel: WORC M:41 B:008 L:00151
  • Block: 8
  • Lot: 151
  • Municipality: WORCESTER
  • Latitude: 42.2418
  • Longitude: -71.7485

    Address

  • Full Address: 534 Lake Ave
  • Address - House Number: 534
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1372
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $469,800
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 74
  • Final Value: 414,783
  • High Value: 493,922
  • Low Value: 335,645

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $327,600
  • Assessed Land Value: $103,200
  • Assessed Improvements Value: $224,400

    Sales

  • Current Sale Contract Date: Dec 18, 2019
  • Current Sale Recording Date: Dec 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 140397
  • Previous Sale Recording Date: Jul 24, 2013
  • Previous Sale Amount: $199,900
  • 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 Broadmeadow Brook

Stats & Trends

Median Asking:

$445,800

Sale Price/ft²

$270

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1554 ft²

Average Home Age

50.5 years

Currently For Sale

16 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 months ago
Data Source: MLS PIN, MLS# 72590196

Frequently Asked Questions

When was property at 534 Lake Avenue built and last sold?
The property at 534 Lake Avenue was built in 1940 and last sold on Dec 18, 2019 for $264,000.
How much is this home worth?
The estimated value of the home located at 534 Lake Avenue is $273,741.
What are some comparable homes to 534 Lake Avenue?
There are currently no comparable homes to 534 Lake Avenue.
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