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Worcester 01570
54 Lakeside Avenue
$70,000
● Land - Off Market

54 Lakeside Avenue

Webster, MA 01570
bedrooms
Studio
bathrooms
0 Bath
$101,641
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Rare and unique opportunity to build across from Webster Lake!  This property previously held a small seasonal camp. The previous structure has been removed and the Town will allow a SF home to be built upon the same footprint. The current owner has paid the Water and Sewer betterment so new owner would be able to tie into the Town Water and Sewer. Just a short stroll to a small public beach area and to the public boat launch (located at 98 Lakeside Ave). Minutes from several featured locations, such as Indian Ranch, Memorial Beach, Douglas State Forest and minutes from the highway and commuter routes.
Unit Size
-
Days on Market
-
Land Size
0.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
$61
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: 5 months ago (MLSPIN #73071298)

Price History

Date / Event Date Event Price
Apr 21, 2023 Sold
Premium
Sold
Apr 3, 2023 In contract -
In contract
Jan 17, 2023 Listed by Keller Williams Elite $99,900
Listed by Keller Williams Elite

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 16
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 480
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,790
  • Total Building Area: 480
  • Gross Building Area: 960
  • Building Area: 480
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 480
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000087
  • Standard Land Use Code: 8001
  • County Land Use Code: 131

Neighborhood

  • School District Name: Webster School District
  • School Tax School District: WEBSTER SD
  • Census Tract: 754100

Zoning

  • Zoning: LAKE 5

Geography

  • Account Number: 4181
  • Parcel: WEBS M:45 B:B P:1
  • Block: B
  • Municipality: WEBSTER
  • Latitude: 42.0317
  • Longitude: -71.825

    Address

  • Full Address: 54 Lakeside Ave
  • Address - House Number: 54
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Webster
  • Carrier Code: R001
  • 4-Digit Zip Code: 3564
  • Zip Code: 01570

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $69,100
  • Initial Tax Delinquent Year: 2024

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $56,700
  • Assessed Land Value: $56,700

    Sales

  • Current Sale Contract Date: Apr 18, 2023
  • Current Sale Recording Date: Apr 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30589
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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2392 ft²

Average Home Age

63.7 years

Currently For Sale

2073 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 1267-unit B Thompson Road, Thompson, CT, 06277

$1,200 /mo

  • 1 Bed
  • 1 Bath
1267-Unit B Thompson Road, Thompson, CT, 06277 Listing by Robin Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73071298

Frequently Asked Questions

When was property at 54 Lakeside Avenue built and last sold?
The property at 54 Lakeside Avenue was built in 1920 and last sold on Apr 18, 2023 for $70,000.
How much is this home worth?
The estimated value of the home located at 54 Lakeside Avenue is $100,899.
What are some comparable homes to 54 Lakeside Avenue?
There are currently no comparable homes to 54 Lakeside Avenue.
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