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Worcester 01523
11 Burbank Lane
$495,000
● House - Off Market

11 Burbank Lane

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,680 Ft²
$2,784
Est. Monthly

About This Property

**OFFER DEADLINE - FRIDAY(3/1) @ NOON**  Incredible Opportunity to move into highly desirable Lancaster! This lovingly cared for 3+ bedroom Cape offers flexibility to fit your needs and is filled with natural light - First-floor features hardwood flooring, a fully applianced kitchen, dining room with charming built-ins, large living room, and a 1st floor bedroom!   Full bath and 2-3 more bedrooms with hardwood upstairs!   Amazing yard in a beautiful neighborhood and just minutes to Burbank Middle School, Trivium, Perkins, and commuter routes!   Don't miss out on the chance to make this house your dream home! Quick closing possible!
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$268
Property Type
House
Property Taxes
$574
HOA Dues
-
Year Built
1970

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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 #73205661)

Price History

Date / Event Date Event Price
Mar 27, 2024 Sold
Premium
Sold
Mar 4, 2024 In contract -
In contract
Feb 26, 2024 Listed by William Raveis R.E. & Home Services $450,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 952
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Total Building Area: 1,666
  • Gross Building Area: 1,786
  • Building Area: 1,666
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,666
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:030.0 B:0000 L:0101.0
  • Lot: 101.0
  • Municipality: LANCASTER
  • Latitude: 42.4679
  • Longitude: -71.6674

    Address

  • Full Address: 11 Burbank Ln
  • Address - House Number: 11
  • Address - Street Name: Burbank
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R002
  • 4-Digit Zip Code: 2549
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $688,500

    Appraisal Valuation

  • Standard Deviation: 0.0856
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 469,399
  • High Value: 509,621
  • Low Value: 429,176

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $400,500
  • Assessed Land Value: $88,600
  • Assessed Improvements Value: $311,900

    Sales

  • Current Sale Contract Date: Mar 27, 2024
  • Current Sale Recording Date: Mar 27, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21830
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

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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# 73205661

Frequently Asked Questions

When was property at 11 Burbank Lane built and last sold?
The property at 11 Burbank Lane was built in 1970 and last sold on Mar 27, 2024 for $495,000.
How much is this home worth?
The estimated value of the home located at 11 Burbank Lane is $460,695.
What are some comparable homes to 11 Burbank Lane?
There are currently no comparable homes to 11 Burbank Lane.
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