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Worcester 01523
124 Old Common Rd
$442,000
● House - Off Market

124 Old Common Rd

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,353 Ft²
$2,964
Est. Monthly

About This Property

124 Old Common Rd is ready for a new owner! Currently used as office space, the residential layout and character of this 4bd/2ba beauty is unmistakable. The first floor, with hardwood throughout (tile in kitchen & bathroom), has a large entry/mud room with pedestal for a wood/pellet stove, bright kitchen with views of the yard, full bath, bedroom/home office/den, open concept through the dining and living rooms, and don't miss the front entry with stained-glass windows, wide staircase, and preserved moldings. Three bedrooms, all with wood floors, and a full bathroom are on the larger-than-expected second floor. Sitting on .5 acres, there is plenty of parking and room to move around. And the location! Less than 3 miles to shopping/dining, area schools, hospital, and commuter roads – don't miss out on this great home!
Unit Size
2,353 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$204
Property Type
House
Property Taxes
$608
HOA Dues
-
Year Built
1850

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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 #73295819)

Price History

Date / Event Date Event Price
Dec 31, 2024 Sold
Premium
Sold
Nov 26, 2024 In contract -
In contract
Nov 21, 2024 Price Decreased $479,900
↓ $20K (4%)
Price Decreased
Nov 2, 2024 Price Increased $499,900
↑ $20K (4.2%)
Price Increased
Sep 27, 2024 Listed by Mahan Real Estate $479,900
Listed by Mahan Real Estate
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 912
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 2,353
  • Gross Building Area: 2,353
  • Building Area: 2,353
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,353
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Land Acres: 0000000500
  • Standard Land Use Code: 9203
  • County Land Use Code: 940

Neighborhood

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

Geography

  • Parcel: LANC M:039.0 B:0000 L:0005.0
  • Lot: 5.0
  • Municipality: LANCASTER
  • Latitude: 42.4424
  • Longitude: -71.6623

    Address

  • Full Address: 124 Old Common Rd
  • Address - House Number: 124
  • Address - Street Name: Old Common
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 2204
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $615,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $376,400
  • Assessed Land Value: $92,000
  • Assessed Improvements Value: $284,400

    Sales

  • Current Sale Recording Date: Sep 29, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00164624
  • Previous Sale Recording Date: Sep 24, 1993
  • Previous Sale Amount: $115,000
  • 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

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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# 73295819

Frequently Asked Questions

When was property at 124 Old Common Road built and last sold?
The property at 124 Old Common Road was built in 1850 and last sold on Jan 1, 1970 for $364,000.
How much is this home worth?
The estimated value of the home located at 124 Old Common Road is $480,739.
What are some comparable homes to 124 Old Common Road?
There are currently no comparable homes to 124 Old Common Road.
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