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Worcester
56 Park Lane
$450,500
● House - Off Market

56 Park Lane

Harvard, MA 01451
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,708 Ft²
$837,586
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

Have your own little slice of heaven! Everywhere you look--windows to let outside beauty and nature flow inside. It's easy to imagine both living and entertaining very comfortably in this open-concept home. The private decks in both the front and back of the home give options for enjoying the views and stunning surroundings. New owners will enjoy lots of updates and freshening. You'll find: Corian counters and new range in the kitchen; ash with walnut inlay floors in the central living areas; THERE'S CENTRAL AC; and a true master bedroom with walk-in closet-- all these extras are not often seen at this price point! Besides great living space, there's abundant storage in the full, walkout basement. Sale includes 2.11 acres of land abutting property that is currently deemed unbuildable and is assessed at $15,600.
Unit Size
1,708 Ft²
Days on Market
-
Land Size
4.42 acres
Price per sqft
$263
Property Type
House
Property Taxes
$523
HOA Dues
-
Year Built
1976

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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 #71710525)

Price History

Date / Event Date Event Price
Sep 15, 2014 Sold
Premium
Sold
Jul 9, 2014 Listed by Keller Williams Realty Boston Northwest $450,000
Listed by Keller Williams Realty Boston Northwest

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 704
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 100,624
  • Total Building Area: 2,383
  • Gross Building Area: 5,702
  • Building Area: 2,383
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,383
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002310
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Harvard School District
  • School Tax School District: HARVARD SD
  • Census Tract: 761401

Geography

  • Account Number: 1250130004400000
  • District: 125
  • Parcel: HARV M:13 B:44
  • Block: 44
  • Municipality: HARVARD
  • Latitude: 42.5151
  • Longitude: -71.5525

    Address

  • Full Address: 56 Park Ln
  • Address - House Number: 56
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Harvard
  • Carrier Code: R001
  • 4-Digit Zip Code: 1436
  • Zip Code: 01451

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,195,000

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 812,584
  • High Value: 939,454
  • Low Value: 685,714

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $802,000
  • Assessed Land Value: $319,400
  • Assessed Improvements Value: $482,600

    Sales

  • Current Sale Recording Date: Sep 15, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85588
  • Previous Sale Recording Date: Jun 22, 2000
  • Previous Sale Amount: $5,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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# 71710525

Frequently Asked Questions

When was property at 56 Park Lane built and last sold?
The property at 56 Park Lane was built in 1976 and last sold on Jan 1, 1970 for $450,500.
How much is this home worth?
The estimated value of the home located at 56 Park Lane is $456,913.
What are some comparable homes to 56 Park Lane?
There are currently no comparable homes to 56 Park Lane.
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