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Worcester
12 Michael Lane
Photo of 12 Michael Lane
Sold on Mar 31, 2005

1

Map

$535,000
● House - Off Market

12 Michael Lane

Sterling, MA 01564
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,399 Ft²
$1,022,979
RealtyHop Estimate
86.03%
Since Apr 1, 2005
National-US
Primary Model

About This Property

Magnificent colonial on beautifully landscaped, lot on a cul-de-sac.  Large kitchen with an abundance of cabinets, corian counters, and new stainless steel appliances.  This home boasts gleaming hardwoods, cathedral ceilings,crown moldings, and french doors. Walk out to a patio from the large game room in basement, which is not included in the sq. footage. Enjoy the warm weather on the large deck or sreened porch overlooking the fenced yard.
Unit Size
3,399 Ft²
Days on Market
-
Land Size
2.50 acres
Price per sqft
$162
Property Type
House
Property Taxes
$587
HOA Dues
-
Year Built
1991

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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 #70077662)

Price History

Date / Event Date Event Price
Mar 31, 2005 Sold
Premium
Sold
Aug 16, 2004 Listed $549,900
Listed
Mar 11, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • 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: 108,900
  • Total Building Area: 3,324
  • Gross Building Area: 6,800
  • Building Area: 3,324
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,324
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002500
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 719100

Geography

  • District: 282
  • Parcel: STER M:00082 L:00001
  • Lot: 1
  • Municipality: STERLING
  • Latitude: 42.4402
  • Longitude: -71.7903

    Address

  • Full Address: 12 Michael Ln
  • Address - House Number: 12
  • Address - Street Name: Michael
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Sterling
  • Carrier Code: R002
  • 4-Digit Zip Code: 2722
  • Zip Code: 01564

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,087,600

    Appraisal Valuation

  • Standard Deviation: 0.1749
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 871,678
  • High Value: 1,024,135
  • Low Value: 719,220

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $817,100
  • Assessed Land Value: $178,800
  • Assessed Improvements Value: $638,300

    Sales

  • Current Sale Recording Date: Mar 31, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 48890
  • Previous Sale Recording Date: Mar 11, 1992
  • Previous Sale Amount: $300,000
  • 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

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70077662

Frequently Asked Questions

When was property at 12 Michael Lane built and last sold?
The property at 12 Michael Lane was built in 1991 and last sold on Jan 1, 1970 for $535,000.
How much is this home worth?
The estimated value of the home located at 12 Michael Lane is $572,569.
What are some comparable homes to 12 Michael Lane?
There are currently no comparable homes to 12 Michael Lane.
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