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Worcester 01606 Indian Lake East
72 Sears Island
$285,000
● House - Off Market

72 Sears Island

Worcester, MA 01606
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,115 Ft²
$752,536
RealtyHop Estimate
131.55%
Since Jan 1, 2012
National-US
Primary Model

About This Property

Why sit in traffic when you can be enjoying a leisurely dinner on your patio overlooking Indian Lake in a matter of minutes. Enjoy the sun and the fun of a vacation home year round. This spacious updated  waterfront property available. Recent addition, newer roof, replacement windows through out.  Large deck off second floor family room allows for a wonderful view of the lake.  Bonus 1/2 bath off patio. Spacious eat in  kitchen with center island.  Additional storage in shed on side of house.
Unit Size
2,115 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$154
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1920

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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: 4 months ago (MLSPIN #71235636)

Price History

Date / Event Date Event Price
Dec 22, 2011 Sold
Premium
Sold
May 18, 2011 Listed by WEICHERT, REALTORS® - ComVest Residential $325,000
Listed by WEICHERT, REALTORS® - ComVest Residential
Aug 14, 1992 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 6
  • Basement Area: 513
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,146
  • Total Building Area: 2,746
  • Gross Building Area: 4,144
  • Building Area: 2,746
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,746
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: O CONNELL REAL ESTATE TRUST
  • Land Acres: 0000000141
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730500

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 13-033-35+36
  • Parcel: WORC M:13 B:033 L:35+36
  • Block: 33
  • Lot: 35+36
  • Municipality: WORCESTER
  • Latitude: 42.295
  • Longitude: -71.8142

    Address

  • Full Address: 72 Sears Island Dr
  • Address - House Number: 72
  • Address - Street Name: Sears Island
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 3523
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $878,100

    Appraisal Valuation

  • Standard Deviation: 0.1742
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 670,474
  • High Value: 787,319
  • Low Value: 553,628

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $612,348
  • Assessed Land Value: $209,148
  • Assessed Improvements Value: $403,200

    Sales

  • Current Sale Recording Date: Dec 22, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000013
  • Previous Sale Recording Date: Aug 14, 1992
  • Previous Sale Amount: $50,000
  • 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 Indian Lake East

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$276

Below Asking

0.01%

Average Days on Market

66

Average Home Size

1121 ft²

Average Home Age

65.7 years

Currently For Sale

6 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# 71235636

Frequently Asked Questions

When was property at 72 Sears Island Drive built and last sold?
The property at 72 Sears Island Drive was built in 1920 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 72 Sears Island Drive is $325,541.
What are some comparable homes to 72 Sears Island Drive?
There are currently no comparable homes to 72 Sears Island Drive.
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