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Worcester 01604 Lake Park
65 Coburn Ave
$137,500
● House - Off Market

65 Coburn Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,548 Ft²
$266,065
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Awesome opportunity in a nice neighborhood close to Rte 9, hospitals, shopping and restaurants! Needs some updating and a new roof but well worth the effort! Great for investor looking to rent to med students or hospital staff etc.... Large rooms, beautiful natural woodwork, 1.5 baths, 1st floor laundry, 3-4 bedrooms, separate dining room, eat in kitchen. Gas heat (newer boiler) and low maintenance exterior plus a 1 car garage make this a great home to build some equity in quick or renovate and sell!! Financing options limited due to condition of roof etc.
Unit Size
1,548 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$97
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1904

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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 #71929672)

Price History

Date / Event Date Event Price
Dec 18, 2015 Sold
Premium
Sold
Nov 9, 2015 Listed by RE/MAX Executive Realty $149,900
Listed by RE/MAX Executive Realty

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1904
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 737
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,548
  • Gross Building Area: 2,842
  • Building Area: 1,548
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,548
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732201

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 17-016-00006
  • Parcel: WORC M:17 B:016 L:00006
  • Block: 16
  • Lot: 6
  • Municipality: WORCESTER
  • Latitude: 42.2712
  • Longitude: -71.7596

    Address

  • Full Address: 65 Coburn Ave
  • Address - House Number: 65
  • Address - Street Name: Coburn
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C008
  • 4-Digit Zip Code: 6004
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $418,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 401,847
  • High Value: 483,383
  • Low Value: 320,312

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $291,900
  • Assessed Land Value: $93,800
  • Assessed Improvements Value: $198,100

    Sales

  • Current Sale Recording Date: Sep 22, 2016
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 106934
  • Previous Sale Recording Date: Dec 18, 2015
  • Previous Sale Amount: $137,500
  • 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 Lake Park

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$280

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1335 ft²

Average Home Age

43.8 years

Currently For Sale

8 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 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71929672

Frequently Asked Questions

When was property at 65 Coburn Avenue built and last sold?
The property at 65 Coburn Avenue was built in 1904 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 65 Coburn Avenue is $179,094.
What are some comparable homes to 65 Coburn Avenue?
There are currently no comparable homes to 65 Coburn Avenue.
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