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Worcester 01606 Indian Lake East
84 Sears Island Dr.
$155,000
● House - Off Market

84 Sears Island Dr.

Worcester, MA 01606
bedrooms
1 Bed
bathrooms
1 Bath
square feet
802 Ft²
$233,206
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

Welcome home to an adorable, impeccably maintained, waterfront cottage on Sears Island. Large family room that looks out on the water. Minutes from all highways for easy commuting. Be a part of a close knit community while enjoying water front living at its best and most affordable.  *** "This property is to be placed in an upcoming auction. All bids should be submitted at www.auction.com (void where prohibited). All auction properties are subject to a 5% buyer's premium pursuant to the Auction Terms & Conditions (minimums will apply). Please contact listing agent for details and commission paid on this property." ****  Property sold 'as is', 'where is'.  Broker makes no warranties or representations.
Unit Size
802 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$161
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
1930

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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 #71699466)

Price History

Date / Event Date Event Price
Apr 10, 2015 Sold
Premium
Sold
Jun 16, 2014 Listed by Cedar Wood Realty Group $129,000
Listed by Cedar Wood Realty Group
Sep 8, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,250
  • Total Building Area: 802
  • Gross Building Area: 966
  • Building Area: 802
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 802
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000121
  • 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: 13-033-42+43
  • Parcel: WORC M:13 B:033 L:42+43
  • Block: 33
  • Lot: 42+43
  • Municipality: WORCESTER
  • Latitude: 42.2946
  • Longitude: -71.8143

    Address

  • Full Address: 84 Sears Island Dr
  • Address - House Number: 84
  • Address - Street Name: Sears Island
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 3524
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $453,300

    Appraisal Valuation

  • Standard Deviation: 0.2006
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 359,123
  • High Value: 431,167
  • Low Value: 287,079

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,098
  • Assessed Land Value: $192,098
  • Assessed Improvements Value: $124,000

    Sales

  • Current Sale Recording Date: Apr 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30740
  • Previous Sale Recording Date: Sep 08, 2005
  • Previous Sale Amount: $225,000
  • 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

$280

Below Asking

0.01%

Average Days on Market

66

Average Home Size

1088 ft²

Average Home Age

61.9 years

Currently For Sale

7 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# 71699466

Frequently Asked Questions

When was property at 84 Sears Island Drive built and last sold?
The property at 84 Sears Island Drive was built in 1930 and last sold on Jan 1, 1970 for $155,000.
How much is this home worth?
The estimated value of the home located at 84 Sears Island Drive is $138,124.
What are some comparable homes to 84 Sears Island Drive?
There are currently no comparable homes to 84 Sears Island Drive.
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