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Worcester 01604 Lake Park
7 Locust Ave
$186,500
● House - Off Market

7 Locust Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$365,341
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

Commuters Dream Location, Minutes To U Mass,Medical /Commuter Rail,This Well Maintained Ranch Home, Offering, 6 Room 3 Bedrooms, All Appliances, 2 Baths, Central Air, Gas Heat,  2 Car Detached Garage, Family Owned For Years, Updates Include Roof,,Windows,Central Alarm System, Finished Basement  For Some Nice Added Extra Space With Laundry.Or That Perfect InLaw Set Up, Some Cosmetics Needed, Conveniently Located to Lake Quinsigamond State Park Right Up The Street, And Close To All Shrewsbury st Restaurants. Open House Sunday November 22  12 pm to 2 pm
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$168
Property Type
House
Property Taxes
$319
HOA Dues
-
Year Built
1948

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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 #71934169)

Price History

Date / Event Date Event Price
Mar 30, 2016 Sold
Premium
Sold
Nov 18, 2015 Listed by George Russell Realty, LLC $209,900
Listed by George Russell Realty, LLC

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,248
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,307
  • Total Building Area: 1,248
  • Gross Building Area: 2,769
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: BL-1

Geography

  • Account Number: 17-014-00032
  • Parcel: WORC M:17 B:014 L:00032
  • Block: 14
  • Lot: 32
  • Municipality: WORCESTER
  • Latitude: 42.2733
  • Longitude: -71.762

    Address

  • Full Address: 7 Locust Ave
  • Address - House Number: 7
  • Address - Street Name: Locust
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 6021
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $520,800

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 450,727
  • High Value: 535,232
  • Low Value: 366,223

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $363,200
  • Assessed Land Value: $102,300
  • Assessed Improvements Value: $260,900

    Sales

  • Current Sale Recording Date: Nov 02, 2017
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 122757
  • Previous Sale Recording Date: Mar 30, 2016
  • Previous Sale Amount: $186,500
  • 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:

$544,450

Sale Price/ft²

$276

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# 71934169

Frequently Asked Questions

When was property at 7 Locust Avenue built and last sold?
The property at 7 Locust Avenue was built in 1948 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Locust Avenue is $228,771.
What are some comparable homes to 7 Locust Avenue?
There are currently no comparable homes to 7 Locust Avenue.
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