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Worcester 01604 Broadmeadow Brook
8 Lorraine Road
$140,000
● House - Off Market

8 Lorraine Road

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$380,484
RealtyHop Estimate
171.97%
Since Jul 1, 2001
National-US
Primary Model

About This Property

ATTACHED SINGLE FAMILY IN EXCELLENT CONDITION. 3 BDRM,2 BATH ,LARGE DECK, CORNER LOT, FENCED YARD. NEAR MASS PIKE, RT 20 QUIET NEIGHBORHOOD , GREAT NEIGHBORS.SUBJECT TO SELLERS HOME CLOSING IN JUNE. PRE APPROVAL LETTER REQUIRED WITH ALL OFFER
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$112
Property Type
House
Property Taxes
$144
HOA Dues
-
Year Built
1988

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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 years ago (MLSPIN #30492375)

Price History

Date / Event Date Event Price
Jun 11, 2001 Sold
Premium
Sold
Apr 6, 2001 Listed by Sweeney Real Estate Network, Inc. $139,900
Listed by Sweeney Real Estate Network, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 31
  • 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: 2
  • Basement Area: 624
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Total Building Area: 1,248
  • Gross Building Area: 2,068
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • 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: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732802

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 44-15B-0040A
  • Parcel: WORC M:44 B:15B L:0040A
  • Block: 15B
  • Lot: 40A
  • Municipality: WORCESTER
  • Latitude: 42.2396
  • Longitude: -71.7689

    Address

  • Full Address: 8 Lorraine Rd
  • Address - House Number: 8
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Worcester
  • Carrier Code: C026
  • 4-Digit Zip Code: 3463
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $382,900

    Appraisal Valuation

  • Standard Deviation: 0.2075
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 354,633
  • High Value: 428,230
  • Low Value: 281,036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $267,000
  • Assessed Land Value: $72,900
  • Assessed Improvements Value: $194,100

    Sales

  • Current Sale Recording Date: Sep 08, 2014
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 83178
  • Previous Sale Recording Date: Jun 11, 2001
  • Previous Sale Amount: $140,000
  • 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 Broadmeadow Brook

Stats & Trends

Median Asking:

$445,800

Sale Price/ft²

$270

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1517 ft²

Average Home Age

50.9 years

Currently For Sale

17 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 42 Vernon Street, MA, 01610

$958 /mo

  • 1 Bed
  • 1 Bath
42 Vernon Street, MA, 01610 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30492375

Frequently Asked Questions

When was property at 8 Lorraine Road built and last sold?
The property at 8 Lorraine Road was built in 1988 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8 Lorraine Road is $0.
What are some comparable homes to 8 Lorraine Road?
There are currently no comparable homes to 8 Lorraine Road.
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