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Worcester 01506
97 Lake Rd
$135,000
● House - Off Market

97 Lake Rd

Brookfield, MA 01506
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,546 Ft²
$182,937
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Welcome to Meadowside -This Home was built 1880 with the art that century brings. It is situated in Beautiful Agriculture in Brookfield on 7.13 acres.  With a partly fenced in yard and two additional buildings : a small chicken coop and a good size building with its own electricity, could be an art studio, work shop etc.. The price is below assessed value. This former Farmhouse needs Work. It is an Estate sale and is  AS-IS. Buyer is responsible for SMOKE and CO Certificate. Additional land is available. Title V in hand. MULTIPLE OFFER SITUATION BEST & FINAL DUE 23 Jun -Sunday at 7pm need be viewed by multiple parties due to Estate Sale.
Unit Size
1,546 Ft²
Days on Market
-
Land Size
7.13 acres
Price per sqft
$81
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1880

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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 #72522299)

Price History

Date / Event Date Event Price
Dec 9, 2020 Sold
Premium
Sold
Oct 12, 2020 Listed by Coldwell Banker Residential Brokerage - Sturbridge $385,000
Listed by Coldwell Banker Residential Brokerage - Sturbridge
Oct 29, 2019 Sold
Premium
Sold
Jun 20, 2019 Listed by Coldwell Banker Residential Brokerage - Sturbridge $124,900
Listed by Coldwell Banker Residential Brokerage - Sturbridge

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 304
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 85,378
  • Total Building Area: 1,760
  • Gross Building Area: 2,624
  • Building Area: 1,760
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,760
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001960
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Brookfield School District
  • Census Tract: 760100

Zoning

  • Zoning: RR

Geography

  • Account Number: 45004C000
  • Parcel: BROO M:004C B:0000 L:00010
  • Lot: 10
  • Municipality: BROOKFIELD
  • Latitude: 42.1879
  • Longitude: -72.0821

    Address

  • Full Address: 97 Lake Rd
  • Address - House Number: 97
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Brookfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 1816
  • Zip Code: 01506

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $641,100

    Appraisal Valuation

  • Standard Deviation: 0.2115
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 482,600
  • High Value: 584,671
  • Low Value: 380,530

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $421,800
  • Assessed Land Value: $69,600
  • Assessed Improvements Value: $352,200

    Sales

  • Current Sale Contract Date: Dec 04, 2020
  • Current Sale Recording Date: Dec 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 152530
  • Previous Sale Recording Date: Oct 29, 2019
  • Previous Sale Contract Date: Oct 21, 2019
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 54
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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72522299

Frequently Asked Questions

When was property at 97 Lake Road built and last sold?
The property at 97 Lake Road was built in 1880 and last sold on Dec 4, 2020 for $390,000.
How much is this home worth?
The estimated value of the home located at 97 Lake Road is $386,654.
What are some comparable homes to 97 Lake Road?
There are currently no comparable homes to 97 Lake Road.
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