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Worcester 01523
1164 Main St.
$327,000
● House - Off Market

1164 Main St.

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,619 Ft²
$512,817
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Lovely one floor living near the school nicely sited on a nice level lot with a pretty "fenced-in" back yard. Much more space to spread out with the recently finished heated basement. The main level includes a  lovely eat-in kitchen with updated appliances, a pantry and wood flooring.  The inviting living room is spacious with nice wood flooring and there are 3 bedrooms on the main level with updated baths. The master includes a large 1/2 bath and a big dressing area or study. Downstairs, there are freshly painted rooms with another full bath.  Many updates include newer Buderus system with new oil tank,, Nest thermostat and hot water tank. All interior doors were replaced in 2016.  The roof, deck and windows all new in 2007.  Nice and cool in this one on the hot summer days with central air.
Unit Size
1,619 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$209
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72345796)

Price History

Date / Event Date Event Price
Aug 31, 2018 Sold
Premium
Sold
Jun 14, 2018 Listed by Coldwell Banker Residential Brokerage - Bolton $339,000
Listed by Coldwell Banker Residential Brokerage - Bolton

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,025
  • 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: 1,175
  • Gross Building Area: 1,175
  • Building Area: 1,175
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,175
  • 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:0153.0
  • Lot: 153.0
  • Municipality: LANCASTER
  • Latitude: 42.4673
  • Longitude: -71.6743

    Address

  • Full Address: 1164 Main St
  • Address - House Number: 1164
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R002
  • 4-Digit Zip Code: 2576
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $665,300

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 502,856
  • High Value: 590,751
  • Low Value: 414,961

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $387,000
  • Assessed Land Value: $80,700
  • Assessed Improvements Value: $306,300

    Sales

  • Current Sale Recording Date: Aug 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92129
  • Previous Sale Recording Date: Jul 21, 2004
  • Previous Sale Document Type: 27
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.

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Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72345796

Frequently Asked Questions

When was property at 1164 Main Street built and last sold?
The property at 1164 Main Street was built in 1965 and last sold on Jan 1, 1970 for $327,000.
How much is this home worth?
The estimated value of the home located at 1164 Main Street is $345,997.
What are some comparable homes to 1164 Main Street?
There are currently no comparable homes to 1164 Main Street.
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