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85 Gates Lane

85 Gates Lane, Worcester, MA 01603
Property in Webster Square
Sold Jan 11, 2021
$332,000
Sold Nov 05, 2014
$216,000
$205,200 by Evolve Bank & Trust
Mortgage Due Nov 05, 2044
Local assessors in Worcester, MA have categorized 85 Gates Lane as a residential type of property. The home was built in 1963 and is 61 years old. It was most recently renovated and altered in 1965. The property's lot size has been calculated to be 13,029 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 85 Gates Lane has a total of 1,248 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 988 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage underground or in the basement for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete control joints. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 85 Gates Lane was last sold in Jan 5, 2021 for $332,000. According to our calculations, that's $266.03 per sqft. Prior to that sales transaction, the property was sold for $216,000 in Jan 1, 1970. Current property owners are expected to pay $4,848 in taxes per year. The property on 85 Gates Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $338,100. To break that down further, the land itself was valued at $85,800. While improvements to the property were assessed at a total of $252,300. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Attached Garage
Off Street Parking
This property description is generated based on publicly available data.

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: Average
  • Construction Type: Concrete
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 988
  • Garage Type: Underground/basement
  • Parking Space Count: 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: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,248
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.299
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PEREZ KATHERINE
  • Current Owner 2: PEREZ JASON
  • Previous Owner : SOUTRA JOSEPH E
  • Previous Owner 2: SOUTRA HANNAH
  • Owner Before Previous Owner: SOKOL KIMBERLY A
  • Owner Before Previous Owner 2: SOKOL PAUL J
  • Is Owner Occupied: Owner-occupied property

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: $4,848

    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 Transaction ID: 11814176447
  • Current Sale Price: $332,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 4180
  • Previous Sale Recording Date: Nov 05, 2014
  • Previous Sale Amount: $216,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE BANK
  • First Mortgage Transaction Date: Jan 11, 2021
  • First Mortgage Loan Amount: $315,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: EVOLVE BANK & TRUST
  • Previous Mortgage Transaction Date: Nov 05, 2014
  • Previous Mortgage Loan Amount: $205,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 05, 2044

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 85 Gates Lane located in?
The 85 Gates Lane is a located in the neighborhood of Webster Square in Webster Square, Worcester.
What is the average sales price for listings in 85 Gates Lane?
The average sales price for units in 85 Gates Lane is $0 currently.

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