$208,200
●
Condo -
Off Market
103 Red Tail Way #103
Lancaster, MA 01523
2 Beds
2 Baths,
1
Half Bath
1,452 Ft²
$288,679
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model
About This Property
Affordable 40B resale at Blue Heron Pond at Lancaster. A 55+
Community. . Beautifully maintained End unit with a first floor
master suite. Second level has bedroom, bath and 2 loft area.
Spacious kitchen. 1 Car attached garage. Subject to 40B
Guidelines & Deed Rider. Deed restricted property. Must be owner
occupied Income restrictions as follows: 1 Person - $54,950 2
Person - $62,800 3 Person - $70,650 4 Person - $78,500. Asset Limit
$375. Close to 495
Unit Size
1,452 Ft²
Days on Market
-
Land Size
-
Price per sqft
$143
Property Type
Condo
Property Taxes
$270
HOA Dues
$273
Year Built
2006
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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: 6 months ago (MLSPIN #72659850)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2020 | Sold | ||
| Sold | |||
| May 21, 2020 | Listed by Coldwell Banker Realty - Northborough | $208,200 | |
| Listed by Coldwell Banker Realty - Northborough | |||
| | |||
|
Affordable 40B resale at Blue Heron Pond at Lancaster. A 55+ Community. . Beautifully maintained End unit with a first floor master suite. Second level has bedroom, bath and 2 loft area. Spacious kitchen. 1 Car attached garage. Subject to 40B Guidelines & Deed Rider. Deed restricted property. Must be owner occupied Income restrictions as follows: 1 Person - $54,950 2 Person - $62,800 3 Person - $70,650 4 Person - $78,500. Asset Limit $375. Close to 495
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Off Street
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Loft
Appliances: Range, Dishwasher, Microwave, Refrigerator
Laundry Features: First Floor
Rooms: 6
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1452
Year Built Source: Public Records
Year Built: 2006
Building Name: Blue Heron Pond
Building Area Total: 1452
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $163,200
Tax Annual Amount: $3,240
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air, Natural Gas
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Road Maintenance
HOA Fee: $273
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/21/2020
|
2 Bed
|
3 Bath
|
1452 ft²
|
$208,200
2 Bed
3 Bath
1452 ft²
|
$208,200
07/02/2020
|
Mary Didomenico
Coldwell Banker Realty - Northborough
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017