NOT LISTED FOR SALE

488 Lake Ave Worcester, MA 01604

Grafton Hill Neighborhood

Estimated Value: $396,000 - $462,390

3 Beds
2 Baths
1,080 Sq Ft
$398/Sq Ft Est. Value

Last Sold February 16, 2018

Last sale price $170,500 $158 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $2,861/month

26 Days on Market

Highlights

  • 0.37 Acre Lot
  • Raised Ranch Architecture
  • Cooling System Mounted In Outer Wall Opening
  • Property is near public transit
  • 2 Fireplaces
  • Park

About This Home

As of February 2018

Raised Ranch with many features, Circular Drive with ample parking, Cathedral ceiling with cherry wood, Large stone fireplace, skylights. This home has 2 kitchens, hardwood floors, and much more. Located near major routes, walking distance to Lake Quinsigamond, Parks and Umass Hospital. This property is in need of work and price reflects this.This is a Fannie Mae homePath Property. First Time Buyers may receive up to 3% closing costs assistance by completing the HomePath Ready Buyer Homeownership course. "Restrictions Apply".

Last Listed By

Juliana Danquah

Century 21 XSELL REALTY Listed on: 12/16/2017

Century 21 XSELL REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1965

Lot Details

  • 0.37 Acre Lot
  • Level Lot
  • Property is zoned RS-7

Parking

  • 4 Car Parking Spaces

Home Design

  • Raised Ranch Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,080 Sq Ft Home
  • 2 Fireplaces
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number M:41 B:007 L:00003,1798378

Community Details

Amenities

  • Shops

Recreation

  • Park

Home Details

Home Type

Single Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Raised Ranch
  • Year Built: 1965
  • Buyer Agency: 3.0
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: 20

Interior Features

  • Fireplace YN: Yes
  • Fireplaces: 2
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 1080
  • MAIN LO: AN4146
  • LIST PRICE PER Sq Ft: 171.2
  • PRICE PER Sq Ft: 157.87
  • MAIN SO: AN4146

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park

Lot Info

  • Parcel Number: M:41 B:007 L:00003,1798378
  • Zoning: RS-7
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.37
  • Lot Size Area: 0.37
  • Lot Size Sq Ft: 16117.199999
  • Lot Size Units: Acres
  • Property Attached YN: No
  • LOT SIZE: 16158
  • PAGE: 1

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4323
  • Tax Book Number: 55277

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2017
Closed on
Feb 15, 2018
Sold by
Fnma
Bought by
Lai Tuan-Anh and Lai David N
Seller's Agent
Juliana Danquah
Century 21 XSELL REALTY
Buyer's Agent
DANIEL ADUSEI
Century 21 XSELL REALTY
List Price
$184,900
Sold Price
$170,500
Premium/Discount to List
-$14,400
-7.79%
Total Days on Market
26
Current Estimated Value
$430,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,848
Avg. Annual Appreciation
13.30%

Purchase Details

Closed on
May 3, 2016
Sold by
Hughes Ailan N
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 30, 2014
Sold by
Hughes Ailan N
Bought by
Hughes Gerard

Purchase Details

Closed on
Nov 4, 2003
Sold by
Carter Anne Marie
Bought by
Hughes Ailan N and Hughes Gerard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2000
Sold by
Stonge Alfred M
Bought by
Carter Anne Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 1995
Sold by
Carter Joyce A
Bought by
Stonge Alfred

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lai Tuan-Anh $170,500 --
Federal National Mortgage Association $180,100 --
Hughes Gerard -- --
Hughes Ailan N $225,000 --
Carter Anne Marie $70,000 --
Stonge Alfred $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lai Tuan-Anh $150,000
Previous Owner Hughes Ailan Nguyen $30,000
Previous Owner Hughes Ailan N $209,000
Previous Owner Hughes Ailan N $180,000
Previous Owner Hughes Ailan Nguyen $33,750
Previous Owner Stonge Alfred $174,250
Previous Owner Stonge Alfred $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2018 02/16/18 Sold $170,500 -7.8% $158 / Sq Ft
01/11/2018 01/11/18 Pending -- -- --
12/16/2017 12/16/17 For Sale $184,900 -- $171 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $5,420 $410,900 $119,100 $291,800
2024 $5,288 $384,600 $119,100 $265,500
2023 $5,154 $359,400 $103,600 $255,800
2022 $4,478 $294,400 $82,800 $211,600
2021 $4,423 $271,700 $66,300 $205,400
2020 $4,321 $254,200 $66,200 $188,000
2019 $4,225 $234,700 $59,800 $174,900
2018 $4,508 $238,400 $59,800 $178,600
2017 $4,323 $224,900 $59,800 $165,100
2016 $4,299 $208,600 $44,800 $163,800
2015 $4,187 $208,600 $44,800 $163,800
2014 $4,076 $208,600 $44,800 $163,800
Source: Public Records

Agents Affiliated with this Home

  • Juliana Danquah

    Seller's Agent in 2018

    Juliana Danquah

    Century 21 XSELL REALTY

    (508) 335-5339

    7 in this area

    120 Total Sales

    Juliana Danquah
    Section Image

  • D

    Buyer's Agent in 2018

    DANIEL ADUSEI

    Century 21 XSELL REALTY

    (508) 410-7317

    3 Total Sales

    DANIEL ADUSEI
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72264597

MLS Property Information Network (MLS PIN)

APN: WORC-000041-000007-000003

Massachusetts Worcester County Worcester 01604 Grafton Hill

488 Lake Ave, Worcester, MA

Homes for Sale in Worcester, MA

This home is located at 488 Lake Ave, Worcester, MA 01604 since 16 December 2017 and is currently estimated at $430,348, approximately $398 per square foot. This property was built in 1965. 488 Lake Ave is a home located in Worcester County with nearby schools including Roosevelt Elementary School, Jacob Hiatt Magnet School, and Chandler Magnet.

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