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Worcester 01523
103 Cleverly Cove Rd
$249,900
● Land - Off Market

103 Cleverly Cove Rd

Lancaster, MA 01523
bedrooms
Studio
bathrooms
0 Bath
$281,251
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Rare Offering...Wonderful 2 acre lot overlooking Big Spec Pond with deeded access to waterfont to install dock and pond enjoyment. There is permit for 4 Bedroom home with great percs with engineered plan in hand. Views of the Pond from the house site and lot lightly wooded.
Unit Size
-
Days on Market
-
Land Size
1.91 acres
Price per sqft
-
Property Type
Land
Property Taxes
$184
HOA Dues
-
Year Built
2022

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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: 5 months ago (MLSPIN #72859843)

Price History

Date / Event Date Event Price
Oct 8, 2021 Sold
Premium
Sold
Jul 3, 2021 Listed by Keller Williams Realty North Central $249,900
Listed by Keller Williams Realty North Central
Aug 28, 2018 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 83,200
  • Total Building Area: 3,270
  • Building Area: 3,270
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,270
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001910
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Nashoba School District
  • Census Tract: 713100

Geography

  • Parcel: LANC M:010.0 B:0000 L:0007.H
  • Lot: 7.H
  • Municipality: LANCASTER
  • Latitude: 42.5141
  • Longitude: -71.6832

    Address

  • Full Address: 103 Cleverly Cove Rd
  • Address - House Number: 103
  • Address - Street Name: Cleverly Cove
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R002
  • 4-Digit Zip Code: 3126
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,011,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1325
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 84
  • Final Value: 719,579
  • High Value: 814,927
  • Low Value: 624,232

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $588,400
  • Assessed Land Value: $218,700
  • Assessed Improvements Value: $369,700

    Sales

  • Current Sale Contract Date: Oct 07, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 141576
  • Previous Sale Recording Date: Aug 28, 2018
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: O
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

2387 ft²

Average Home Age

63.7 years

Currently For Sale

2106 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72859843

Frequently Asked Questions

When was property at 103 Cleverly Cove Road built and last sold?
The property at 103 Cleverly Cove Road was built in 2022 and last sold on Oct 7, 2021 for $249,900.
How much is this home worth?
The estimated value of the home located at 103 Cleverly Cove Road is $252,399.
What are some comparable homes to 103 Cleverly Cove Road?
There are currently no comparable homes to 103 Cleverly Cove Road.
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