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Worcester 01606 Indian Lake East
9 Proctor St
$90,500
● House - Off Market

9 Proctor St

Worcester, MA 01606
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1,100 Ft²
$156,913
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

Multiple Offer Deadline – Feb 04, 2019, 11:15:00 AM Own cheaper than renting.  Turn this waterview cottage into your dream home.  This 4 room, 1 bedroom home overlooks the Cove on Indian Lake.  Property has a fenced yard, parking and a great view of the Lake. Conveniently located near highways, shopping and schools. This is a homepath property.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$95
Property Type
House
Property Taxes
$146
HOA Dues
-
Year Built
1946

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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 #72446589)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
Jun 13, 2023 In contract -
In contract
Jun 2, 2023 Listed by RE/MAX Advantage 1 $375,000
Listed by RE/MAX Advantage 1
Mar 1, 2019 Sold
Premium
Sold
Feb 3, 2019 No longer available -
No longer available
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • 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: 2
  • Basement Area: 567
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,500
  • Total Building Area: 693
  • Gross Building Area: 1,530
  • Building Area: 693
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 693
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000103
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730500

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 13-019-00003
  • Parcel: WORC M:13 B:019 L:00003
  • Block: 19
  • Lot: 3
  • Municipality: WORCESTER
  • Latitude: 42.2934
  • Longitude: -71.8089

    Address

  • Full Address: 9 Proctor St
  • Address - House Number: 9
  • Address - Street Name: Proctor
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 3519
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $295,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 302,046
  • High Value: 356,968
  • Low Value: 247,123

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,695
  • Assessed Land Value: $86,895
  • Assessed Improvements Value: $118,800

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Jul 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 61258
  • Previous Sale Recording Date: Mar 01, 2019
  • Previous Sale Contract Date: Feb 26, 2019
  • Previous Sale Amount: $90,500
  • Previous Sale Document Type: 71
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# 72446589

Frequently Asked Questions

When was property at 9 Proctor Street built and last sold?
The property at 9 Proctor Street was built in 1946 and last sold on Jul 28, 2023 for $365,000.
How much is this home worth?
The estimated value of the home located at 9 Proctor Street is $363,556.
What are some comparable homes to 9 Proctor Street?
There are currently no comparable homes to 9 Proctor Street.
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