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Worcester
7 Lake Ave
$196,000
● House - Off Market

7 Lake Ave

Templeton, MA 01468
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,259 Ft²
$313,062
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Immaculate 3 bedroom/2 bath bungalow conveniently located in the heart of East Templeton ~ LOTS of recent updates ~ New flooring throughout the living room, dining room, den and kitchen ~ New kitchen island to stay ~ brand new carpeting on stairs ~ Newer wall to wall carpet and laminate in bedrooms ~ Master bedroom with full bath ~ Brand new water heater ~ Furnace from 2005 ~ Roof 2009 ~ Beautiful private backyard overlooking pond ~ Located on a quiet dead end street yet minutes to route 2 ~ Open House Sunday from 12-2pm!
Unit Size
1,259 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$155
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1930

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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 #72148465)

Price History

Date / Event Date Event Price
Jun 16, 2017 Sold
Premium
Sold
Apr 19, 2017 Listed by Keller Williams Realty North Central $195,000
Listed by Keller Williams Realty North Central
Jul 20, 2015 Sold
Premium
Sold
Jun 2, 2015 Listed by Keller Williams Realty North Central $160,000
Listed by Keller Williams Realty North Central

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 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: 30,492
  • Total Building Area: 1,259
  • Gross Building Area: 2,846
  • Building Area: 1,259
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,259
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000700
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Narragansett School District
  • School Tax School District: NARRAGANSETT SD
  • Census Tract: 705101

Geography

  • Account Number: 566
  • Parcel: TEMP M:1-2-1 B:00001 L:00000
  • Block: 1
  • Municipality: TEMPLETON
  • Latitude: 42.5604
  • Longitude: -72.0408

    Address

  • Full Address: 7 Lake Ave
  • Address - House Number: 7
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Templeton
  • Carrier Code: R002
  • 4-Digit Zip Code: 1554
  • Zip Code: 01468

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $389,300

    Appraisal Valuation

  • Standard Deviation: 0.2071
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 382,168
  • High Value: 461,346
  • Low Value: 302,989

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $301,300
  • Assessed Land Value: $46,200
  • Assessed Improvements Value: $255,100

    Sales

  • Current Sale Recording Date: Jun 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 62411
  • Previous Sale Recording Date: Jul 20, 2015
  • Previous Sale Amount: $156,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2403 ft²

Average Home Age

63.3 years

Currently For Sale

2008 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# 72148465

Frequently Asked Questions

When was property at 7 Lake Avenue built and last sold?
The property at 7 Lake Avenue was built in 1930 and last sold on Jan 1, 1970 for $196,000.
How much is this home worth?
The estimated value of the home located at 7 Lake Avenue is $204,071.
What are some comparable homes to 7 Lake Avenue?
There are currently no comparable homes to 7 Lake Avenue.
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