340 Lake Ave Worcester, MA 01604
Grafton Hill NeighborhoodEstimated Value: $577,307 - $684,000
4
Beds
2
Baths
2,772
Sq Ft
$233/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Enclosed patio or porch
- 1-minute walk to Waschusett Mountain State Reservation
About This Home
As of January 2020Great two family rental property with 2 car detached garage, on sought after Lake Ave. district. Across from Lake Park, tennis courts and Lake Park beach, located in one of the best rental areas in Worcester, close to UMASS. Current tenants are TAW. Updated kitchen and baths, vinyl sided, replacement windows, enclosed front porches on 1st and 2nd level, large 15' X 12' enclosed room with laundry fixtures at rear of 1st floor. 26' X 26 detached 2 car garage. Easy access to major Routes 9, 140, I-290 and 495. Interior Photos are of the first floor unit. Only serious buyers to view 2nd floor plus pre qual letter or proof of funds.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,357
Year Built
- Built in 1930
Lot Details
- 0.25
Parking
- 2 Car Garage
Flooring
- Wood
- Tile
Outdoor Features
- Enclosed patio or porch
- Rain Gutters
Additional Features
- Window Screens
- Year Round Access
- Natural Gas Water Heater
- Basement
Listing and Financial Details
- Assessor Parcel Number Map 41 / Blk. 001 / Lot 102
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 9, 2019
Closed on
Jan 10, 2020
Sold by
Demma Marie and Demma Arthur
Bought by
Moulin William P
Seller's Agent
Gerald Belba
Media Realty Group Inc.
Buyer's Agent
Cathy Meyer
Coldwell Banker Realty - Worcester
List Price
$385,000
Sold Price
$365,000
Premium/Discount to List
-$20,000
-5.19%
Total Days on Market
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,577
Avg. Annual Appreciation
10.62%
Original Mortgage
$310,250
Outstanding Balance
$278,187
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$348,171
Purchase Details
Closed on
Jul 20, 2018
Sold by
Demma Arthur and Demma Marie
Bought by
Demma Marie
Purchase Details
Closed on
Dec 28, 2007
Sold by
Lorusso Ralph Est
Bought by
Demma Arthur and Demma Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
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Similar Homes in Worcester, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Moulin William P | $365,000 | None Available | |
| Demma Marie | -- | -- | |
| Demma Arthur | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Moulin William P | $310,250 | |
| Previous Owner | Demma Marie | $176,412 | |
| Previous Owner | Demma Arthur | $187,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/16/2020 01/16/20 | Sold | $365,000 | -5.2% | $132 / Sq Ft |
| 11/13/2019 11/13/19 | Pending | -- | -- | -- |
| 10/09/2019 10/09/19 | For Sale | $385,000 | -- | $139 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,357 | $557,800 | $118,800 | $439,000 |
| 2024 | $7,025 | $510,900 | $118,800 | $392,100 |
| 2023 | $6,585 | $459,200 | $103,300 | $355,900 |
| 2022 | $6,086 | $400,100 | $82,600 | $317,500 |
| 2021 | $5,600 | $344,000 | $66,100 | $277,900 |
| 2020 | $4,784 | $281,400 | $66,500 | $214,900 |
| 2019 | $4,343 | $267,500 | $60,200 | $207,300 |
| 2018 | $4,745 | $250,900 | $60,200 | $190,700 |
| 2017 | $4,551 | $236,800 | $60,200 | $176,600 |
| 2016 | $4,526 | $219,600 | $45,700 | $173,900 |
| 2015 | $4,407 | $219,600 | $45,700 | $173,900 |
| 2014 | $4,291 | $219,600 | $45,700 | $173,900 |
Source: Public Records
Agents Affiliated with this Home
-
Gerald Belba
G
Seller's Agent in 2020
Gerald Belba
Media Realty Group Inc.
1 in this area
6 Total Sales
-
Cathy Meyer
Buyer's Agent in 2020
Cathy Meyer
Coldwell Banker Realty - Worcester
(508) 864-1117
124 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72577771
APN: WORC-000041-000001-000102
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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