Worcester
74 Brook Lane #74
$555,000
●
Condo -
Off Market
74 Brook Lane #74
Berlin, MA 01503
2 Beds
2 Baths
2,119 Ft²
$3,850
Est. Monthly
$550
HOA / Fees
2.18%
Cap Rate
About This Property
Open houses 11AM-1PM Saturday (1/20) and 12PM - 2PM Sunday (1/21).
Situated on a peaceful cul-de-sac at the end of Meadowbrook
Condominiums, this ranch-style residence is a corner unit offering
private, wooded views. This 55 and older community offers a range
of community activities with monthly social gatherings and special
events fostering a vibrant and active community spirit. The
proximity to local amenities and dining/shopping options adds to
the appeal. Whether you seek a peaceful retreat or an active
lifestyle, this property caters to your every need. Property
highlights include: 2 gas fireplaces, large formal dining room,
laundry on the first level, gas cooktop, great kitchen storage with
full-height cabinets, electric awning over back deck, crown
molding, wainscoting, a finished basement and plenty of unfinished
space for storage or projects.
Unit Size
2,119 Ft²
Days on Market
-
Land Size
-
Price per sqft
$267
Property Type
Condo
Property Taxes
$525
HOA Dues
$550
Year Built
2002
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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: 3 years ago (MLSPIN #73194373)
Price History
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: First
Width: 25
Length: 10
Features: Flooring - Hardwood, Pantry, Recessed Lighting
Area: 250
Level: First
Features: Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead
Width: 12.166666
Length: 11.5
Area: 139.916666
Width: 10
Features: Flooring - Hardwood, Wainscoting, Lighting - Sconce, Lighting - Overhead, Crown Molding
Length: 20
Level: First
Area: 200
Length: 13
Level: First
Area: 286
Features: Flooring - Hardwood, Exterior Access, Lighting - Sconce, Lighting - Overhead, Crown Molding
Width: 22
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Ceiling Fan(s), Walk-In Closet(s), Lighting - Sconce, Lighting - Overhead, Crown Molding
Level: First
Length: 14
Width: 15
Area: 210
Features: Yes
Full Bathrooms: 2
Interior Features: Recessed Lighting, Bonus Room
Appliances: Oven, Dishwasher, Microwave, Range, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Flooring Type: Hardwood
Laundry Features: Flooring - Hardwood, Electric Dryer Hookup, First Floor, In Unit
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 2
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 2
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Unknown/Mixed
PropertySubType: Condominium
Building Name: Meadowbrook
Structure Type: Townhouse
Stories (Total): 1
Building Area Units: Square Feet
Patio and Porch Features: Deck, Covered
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: SRD
Parcel Number: 4250694
Water Source: Well
Financial Details
Tax Assessed Value: $493,800
Tax Annual Amount: $6,299
Utilities Details
Utilities: for Gas Range, for Electric Oven, for Electric Dryer, Icemaker Connection
Cooling Type: Central Air
Heating Type: Central, Fireplace(s)
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Clubhouse
Association Fee Frequency: Monthly
HOA Fee: $550
Pets Allowed: Yes
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/17/2024
|
2 Bed
|
2 Bath
|
2119 ft²
|
$565,000
2 Bed
2 Bath
2119 ft²
|
$555,000
-1.77%
03/13/2024
|
Paul Cakounes
Maloney Properties, Inc.
| |
|
05/24/2023
|
2 Bed
|
2 Bath
|
2119 ft²
|
$549,900
2 Bed
2 Bath
2119 ft²
|
$550,000
+0.02%
08/02/2023
|
Amy Dwyer
Keller Williams Boston Metrowest
| |
|
09/14/2005
|
2 Bed
|
2 Bath
|
2096 ft²
|
$425,000
2 Bed
2 Bath
2096 ft²
|
$412,500
-2.94%
12/15/2005
|
Tracey Storey
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
09/14/2005
| |
2 Bed
|
2 Bath
|
2096 ft²
|
$425,000
2 Bed
2 Bath
2096 ft²
|
$412,500
-2.94%
12/16/2005
|
Rosemary Comrie
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017