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Worcester 01462
77 Peninsula Drive
$700,000
● House - Off Market

77 Peninsula Drive

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,391 Ft²
$701,174
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Spacious year-round waterfront retreat featuring 3 bedrooms and 2 1/2 baths.  Offering large sunny room, Living room with woodstove hook up and sliding glass door to open deck overlooking the lake. Surrounded by tranquility you will love relaxing after a long day sitting out by the coy pond or just unwinding and watching the duck on your private beach with 70' of water frontage on Hickory Hills Lake.  Detached 2 car garage with 2nd-floor storage area ideal for hobbyist, antique car enthusiast, or handyman.New title 5 approved 3 bedroom septic system. Offer accepted but showing to qualified buyers for backup offers.
Unit Size
2,391 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$293
Property Type
House
Property Taxes
$1,006
HOA Dues
$41
Year Built
1957

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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 #73100221)

Price History

Date / Event Date Event Price
Jun 23, 2023 Sold
Premium
Sold
May 9, 2023 In contract -
In contract
Apr 17, 2023 Listed by Real Estate Exchange $700,000
Listed by Real Estate Exchange
Dec 31, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 14
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 17,511
  • Total Building Area: 2,391
  • Gross Building Area: 2,864
  • Building Area: 2,391
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,391
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000402
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: RA

Geography

  • Account Number: 1620290002900000
  • Parcel: LUNE M:029.0 B:0029 L:0000.0
  • Block: 29
  • Municipality: LUNENBURG
  • Latitude: 42.6134
  • Longitude: -71.702

    Address

  • Full Address: 77 Peninsula Dr
  • Address - House Number: 77
  • Address - Street Name: Peninsula
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R001
  • 4-Digit Zip Code: 1109
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,207,600

    Appraisal Valuation

  • Standard Deviation: 0.1778
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 899,032
  • High Value: 1,058,946
  • Low Value: 739,119

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $826,000
  • Assessed Land Value: $510,900
  • Assessed Improvements Value: $315,100

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jun 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8312
  • Previous Sale Recording Date: Dec 31, 1991
  • Previous Sale Amount: $87,000
  • Previous Sale Document Type: 34
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

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73100221

Frequently Asked Questions

When was property at 77 Peninsula Drive built and last sold?
The property at 77 Peninsula Drive was built in 1957 and last sold on Jun 23, 2023 for $700,000.
How much is this home worth?
The estimated value of the home located at 77 Peninsula Drive is $707,226.
What are some comparable homes to 77 Peninsula Drive?
There are currently no comparable homes to 77 Peninsula Drive.
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