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Worcester 01603 Webster Square
Lot 6 Gates Lane
$439,900
● House - Off Market

Lot 6 Gates Lane

Worcester, MA 01603
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,200 Ft²
$495,087
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

TO BE BUILT!!!  New construction will be starting on this over-sized new construction split level home so get in early and make all your selections!  Builder pays attention to detail!!  Quality quality!!! Large cathedral ceiling living room with hardwoods leading to open kitchen with hardwood floors, white cabinets, granite counters, and large island with pendant lights. Three good sized bedrooms with gray painted walls.  Bathrooms also feature tile flooring, white cabinetry and granite countertops.  Slider off dining area to deck... perfect for entertaining. Over-sized family room in the lower. Half bath features granite counter and tile floor leading to the  lower laundry area. Convenient walkout to the backyard.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$200
Property Type
House
Property Taxes
-
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 years ago (MLSPIN #72823774)

Price History

Date / Event Date Event Price
Oct 26, 2021 Sold
Premium
Sold
Apr 30, 2021 Listed by Success! Real Estate $439,900
Listed by Success! Real Estate
Sep 12, 2016 Sold
Premium
Sold
Dec 22, 1987 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • 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: 625
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,301
  • Total Building Area: 1,250
  • Gross Building Area: 2,027
  • Building Area: 1,250
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,250
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000214
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731002

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 15-002-00003
  • Parcel: WORC M:15 B:002 L:00003
  • Block: 2
  • Lot: 3
  • Municipality: WORCESTER
  • Latitude: 42.2441
  • Longitude: -71.8454

    Address

  • Full Address: 6 Gates Ln
  • Address - House Number: 6
  • Address - Street Name: Gates
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Worcester
  • Carrier Code: C018
  • 4-Digit Zip Code: 1803
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $365,700

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 347,439
  • High Value: 405,464
  • Low Value: 289,415

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $255,000
  • Assessed Land Value: $85,500
  • Assessed Improvements Value: $169,500

    Sales

  • Current Sale Recording Date: Sep 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 102225
  • Previous Sale Recording Date: Dec 22, 1987
  • Previous Sale Amount: $25,000
  • 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 Webster Square

Stats & Trends

Median Asking:

$422,200

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2368 ft²

Average Home Age

94.8 years

Currently For Sale

26 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: 5 years ago
Data Source: MLS PIN, MLS# 72823774

Frequently Asked Questions

When was property at 6 Gates Lane built and last sold?
The property at 6 Gates Lane was built in 1920 and last sold on Jan 1, 1970 for $100,000.
How much is this home worth?
The estimated value of the home located at 6 Gates Lane is $0.
What are some comparable homes to 6 Gates Lane?
There are currently no comparable homes to 6 Gates Lane.
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