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Worcester 01462
58 Island Rd
$335,000
● House - Off Market

58 Island Rd

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,642 Ft²
$529,305
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Price Reduction!!!  A must see!  The inside space will surprise you!  Open House this Saturday 8/11 10-12 pm.  This home is just a short walk to Hickory Hills' own private beach! High ceilings and open spaces lend to this home's unique charm.  A Massive Master Bedroom located in a private wing of the house measures 15' x 19'.  A private loft could be easily converted to a 4th bedroom with in suite bathroom. This property includes a separate 2 car garage, 2 sheds for plenty of storage. The wrap around deck/balcony overlooks a dream yard for the landscape enthusiast or gardener which includes an additional 3.24 acre wooded lot that will give your outdoor camp fires some extra privacy. Newly installed 4 bedroom septic system.  Hickory Hills offers swimming, boating and fishing and 330 Acres of hiking trails!
Unit Size
2,642 Ft²
Days on Market
-
Land Size
4.00 acres
Price per sqft
$132
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1965

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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: 6 months ago (MLSPIN #72350247)

Price History

Date / Event Date Event Price
Sep 28, 2018 Sold
Premium
Sold
Jun 21, 2018 Listed by Seven Gables Realty $349,900
Listed by Seven Gables Realty
Jan 23, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 14
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,539
  • Total Building Area: 2,682
  • Gross Building Area: 3,588
  • Building Area: 2,682
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,682
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000747
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: RA

Geography

  • Account Number: 1620240003700000
  • Parcel: LUNE M:024.0 B:0037 L:0000.0
  • Block: 37
  • Municipality: LUNENBURG
  • Latitude: 42.6188
  • Longitude: -71.7054

    Address

  • Full Address: 58 Island Rd
  • Address - House Number: 58
  • Address - Street Name: Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R001
  • 4-Digit Zip Code: 1106
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $623,300

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 539,925
  • High Value: 631,098
  • Low Value: 448,752

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $426,300
  • Assessed Land Value: $109,600
  • Assessed Improvements Value: $316,700

    Sales

  • Current Sale Recording Date: Sep 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17052
  • Previous Sale Recording Date: Jan 23, 1998
  • Previous Sale Amount: $40,000
  • 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:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2381 ft²

Average Home Age

65.5 years

Currently For Sale

1967 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72350247

Frequently Asked Questions

When was property at 58 Island Road built and last sold?
The property at 58 Island Road was built in 1965 and last sold on Jan 1, 1970 for $335,000.
How much is this home worth?
The estimated value of the home located at 58 Island Road is $372,979.
What are some comparable homes to 58 Island Road?
There are currently no comparable homes to 58 Island Road.
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