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Worcester
8 Lorna Drive
$415,000
● House - Off Market

8 Lorna Drive

Auburn, MA 01501
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,158 Ft²
$391,302
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Start the new year with a new home - move in ready condition! Located in a charming quiet neighborhood, this is a commuters dream with access to multiple main routes including Rt 20, I90, I290, I395 and Rt 146. Open concept split level features 3 BRs and 1.5 baths. ½ acre fenced in lot. Many updates including doors, composite deck, water softening system, garage doors, refinished hardwood flooring, custom built kitchen island. Tiled full bathroom with granite vanity and abundant storage. Oversized 2 car garage. Bonus room in basement with fireplace. Added room for storage in pull down attic. **OH Saturday Dec 17th 11a-1p and Sunday Dec 18th 11a-1p**
Unit Size
1,158 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$323
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1975

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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 #73064384)

Price History

Date / Event Date Event Price
Feb 10, 2023 Sold
Premium
Sold
Dec 25, 2022 In contract -
In contract
Dec 11, 2022 Listed by www.HomeZu.com $374,500
Listed by www.HomeZu.com
May 30, 2017 Sold
Premium
Sold
Apr 24, 2017 Listed by www.HomeZu.com $235,000
Listed by www.HomeZu.com

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 528
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,001
  • Total Building Area: 1,158
  • Gross Building Area: 2,506
  • Building Area: 1,158
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,158
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Auburn School District
  • School Tax School District: AUBURN SD
  • Census Tract: 736200

Geography

  • Account Number: 2003
  • District: 17
  • Parcel: AUBU M:0016 L:0098
  • Lot: 98
  • Municipality: AUBURN
  • Latitude: 42.2163
  • Longitude: -71.8558

    Address

  • Full Address: 8 Lorna Dr
  • Address - House Number: 8
  • Address - Street Name: Lorna
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Auburn
  • Carrier Code: C006
  • 4-Digit Zip Code: 1214
  • Zip Code: 01501

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $608,200

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 417,162
  • High Value: 495,036
  • Low Value: 339,288

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $407,400
  • Assessed Land Value: $124,100
  • Assessed Improvements Value: $283,300

    Sales

  • Current Sale Contract Date: Feb 10, 2023
  • Current Sale Recording Date: Feb 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12534
  • Previous Sale Recording Date: May 30, 2017
  • Previous Sale Amount: $235,000
  • 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

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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# 73064384

Frequently Asked Questions

When was property at 8 Lorna Drive built and last sold?
The property at 8 Lorna Drive was built in 1975 and last sold on Feb 10, 2023 for $415,000.
How much is this home worth?
The estimated value of the home located at 8 Lorna Drive is $372,736.
What are some comparable homes to 8 Lorna Drive?
There are currently no comparable homes to 8 Lorna Drive.
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