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South Lancaster 01523
148 Sterling Rd
$249,000
● House - Off Market

148 Sterling Rd

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,400 Ft²
$423,985
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Four of the rooms are in the ACCESSORY APARTMENT !   So many folks looking for just THIS SET UP !  Adorable 2 bedroom, 1/1/2 bath cape with separate 2 bedroom apartment (about 600 sq.ft.). Separate entrances. Single heat control, one utility bill. Fenced in yard. Perfect set up for those that need to stay close but "need a little breathing room". Tenant currently occupying apartment that would be happy to stay on. Extra notice needed due to pets.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$180
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1950

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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 #72062580)

Price History

Date / Event Date Event Price
Oct 28, 2020 Sold
Premium
Sold
Sep 4, 2020 Listed by Coldwell Banker Residential Brokerage - Leominster $359,000
Listed by Coldwell Banker Residential Brokerage - Leominster
Dec 5, 2016 Sold
Premium
Sold
Sep 6, 2016 Listed by Coldwell Banker Residential Brokerage - Leominster $252,000
Listed by Coldwell Banker Residential Brokerage - Leominster

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 800
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Total Building Area: 1,400
  • Gross Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:041.0 B:0000 L:0114.0
  • Lot: 114.0
  • Municipality: LANCASTER
  • Latitude: 42.4396
  • Longitude: -71.6914

    Address

  • Full Address: 148 Sterling Rd
  • Address - House Number: 148
  • Address - Street Name: Sterling
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R001
  • 4-Digit Zip Code: 1955
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $683,600

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 474,514
  • High Value: 564,209
  • Low Value: 384,819

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $397,700
  • Assessed Land Value: $92,700
  • Assessed Improvements Value: $305,000

    Sales

  • Current Sale Contract Date: Oct 23, 2020
  • Current Sale Recording Date: Oct 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 129907
  • Previous Sale Recording Date: Dec 05, 2016
  • Previous Sale Amount: $249,000
  • Previous Sale Document Type: O
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 South Lancaster

Stats & Trends

Median Asking:

$477,450

Sale Price/ft²

$303

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1681 ft²

Average Home Age

92.8 years

Currently For Sale

4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72062580

Frequently Asked Questions

When was property at 148 Sterling Road built and last sold?
The property at 148 Sterling Road was built in 1950 and last sold on Oct 23, 2020 for $350,000.
How much is this home worth?
The estimated value of the home located at 148 Sterling Road is $361,288.
What are some comparable homes to 148 Sterling Road?
There are currently no comparable homes to 148 Sterling Road.
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