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Worcester 01523
1361 Main St
$390,000
● House - Off Market

1361 Main St

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,018 Ft²
$340,470
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

**OPEN HOUSE SUNDAY APRIL 2nd, 12 noon - 2 pm** Great value for this charming 3 bedroom colonial set in an ideal commuter and shopping location, close to routes 117, 190, 2, 495. Handsome hardwoods throughout most of the main living space, first floor formal dining, fireplaced living room, full bath and spacious kitchen with abundant cabinetry and sunny eat-in area. The farmers porch off the kitchen is a lovely spot to enjoy morning coffee! Three good sized bedrooms on the upper level, including a full bath and access to the 3rd level walk- up partially finished attic. Unique to this home is the detached three car garage with a perfect bonus room upstairs. Large 0.75 acre yard is flat and private. This property is part of a top rated school district. Endless opportunities to build equity here!
Unit Size
2,018 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$168
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1900

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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 #73087649)

Price History

Date / Event Date Event Price
Jun 6, 2023 Sold
Premium
Sold
Apr 4, 2023 In contract -
In contract
Mar 28, 2023 Listed by RE/MAX Journey $339,900
Listed by RE/MAX Journey

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 682
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 2,018
  • Gross Building Area: 2,370
  • Building Area: 2,018
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,018
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000750
  • 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:0015.0
  • Lot: 15.0
  • Municipality: LANCASTER
  • Latitude: 42.4713
  • Longitude: -71.6782

    Address

  • Full Address: 1361 Main St
  • Address - House Number: 1361
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2584
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $460,800

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 378,864
  • High Value: 447,755
  • Low Value: 309,974

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $278,800
  • Assessed Land Value: $87,900
  • Assessed Improvements Value: $190,900

    Sales

  • Current Sale Contract Date: Jun 06, 2023
  • Current Sale Recording Date: Jun 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44002
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

2403 ft²

Average Home Age

63.3 years

Currently For Sale

2008 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# 73087649

Frequently Asked Questions

When was property at 1361 Main Street built and last sold?
The property at 1361 Main Street was built in 1900 and last sold on Jun 6, 2023 for $390,000.
How much is this home worth?
The estimated value of the home located at 1361 Main Street is $359,996.
What are some comparable homes to 1361 Main Street?
There are currently no comparable homes to 1361 Main Street.
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