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Worcester 01603 Webster Square
85 Gates Lane
$210,550
● House - Off Market

85 Gates Lane

Worcester, MA 01603
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,885 Ft²
$410,407
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Fabulous updated home in great neighborhood.  Shows like brand new inside and out!   Exterior has vinyl siding, new roof, oversized deck, and large beautiful back yard.  Hardwoods throughout the main floor are just one of many updates inside, inlcuding completely updated ktichen with granite countertops, updated bathroom with tile flooring and granite counter top, open floor plan. Bedrooms are freshly painted, crown molding and 1/2 bath plus walk-in closet in master.  The basement has a beautiful, custom bar/pub and huge room, plus second full bath and laundry, space for everyone! This is a great home for entertaining or just relaxing.   Hurry! Homes like this one are rare!!!
Unit Size
1,885 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$117
Property Type
House
Property Taxes
$243
HOA Dues
-
Year Built
1963

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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 #71744922)

Price History

Date / Event Date Event Price
Jan 11, 2021 Sold
Premium
Sold
Nov 18, 2020 Listed by Keller Williams Realty-Merrimack $294,900
Listed by Keller Williams Realty-Merrimack
Nov 5, 2014 Sold
Premium
Sold
Sep 17, 2014 Listed by Keller Williams Realty-Merrimack $219,900
Listed by Keller Williams Realty-Merrimack

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 2
  • Basement Area: 988
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,029
  • Total Building Area: 1,248
  • Gross Building Area: 2,752
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • 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: 0000000299
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731002

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 42-032-00004
  • Parcel: WORC M:42 B:032 L:00004
  • Block: 32
  • Lot: 4
  • Municipality: WORCESTER
  • Latitude: 42.2476
  • Longitude: -71.843

    Address

  • Full Address: 85 Gates Ln
  • Address - House Number: 85
  • Address - Street Name: Gates
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Worcester
  • Carrier Code: C018
  • 4-Digit Zip Code: 1810
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $484,800

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 432,509
  • High Value: 507,581
  • Low Value: 357,437

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $338,100
  • Assessed Land Value: $85,800
  • Assessed Improvements Value: $252,300

    Sales

  • Current Sale Contract Date: Jan 05, 2021
  • Current Sale Recording Date: Jan 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4180
  • Previous Sale Recording Date: Nov 05, 2014
  • Previous Sale Amount: $216,000
  • 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 Webster Square

Stats & Trends

Median Asking:

$422,200

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2345 ft²

Average Home Age

93.4 years

Currently For Sale

25 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# 71744922

Frequently Asked Questions

When was property at 85 Gates Lane built and last sold?
The property at 85 Gates Lane was built in 1963 and last sold on Jan 5, 2021 for $332,000.
How much is this home worth?
The estimated value of the home located at 85 Gates Lane is $309,359.
What are some comparable homes to 85 Gates Lane?
There are currently no comparable homes to 85 Gates Lane.
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