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Worcester 01523
16 Fort Pond Inn Road
Photo of 16 Fort Pond Inn Road
Sold on May 4, 2007

1

Map

$480,000
● House - Off Market

16 Fort Pond Inn Road

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,507 Ft²
$855,481
RealtyHop Estimate
71.13%
Since Jun 1, 2007
National-US
Primary Model

About This Property

THE COVE AT FORT POND. Elegant new construction colonial with 4 bedrooms, 2.5 baths, walk out basement, 2 car garage, fireplace, hardwood floors, and granite kitchen counters. This home incorporates advanced energy technologies to lower energy cost. Nearby to a 38 acre great pond (Fort Pond) with YMCA public access for swimming and a state boat ramp for your fishing pleasure. Near Routes 2 and I-190 with 2 commuter rail stations close by.
Unit Size
2,507 Ft²
Days on Market
-
Land Size
2.01 acres
Price per sqft
$199
Property Type
House
Property Taxes
-
HOA Dues
$50
Year Built
2006

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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: 6 months ago (MLSPIN #70486948)

Price History

Date / Event Date Event Price
May 7, 2007 Sold
Premium
Sold
Nov 8, 2006 Listed $499,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • 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: 1,072
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,991
  • Total Building Area: 2,342
  • Gross Building Area: 2,342
  • Building Area: 2,342
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,342
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002020
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:005.0 B:0000 L:0016.C
  • Lot: 16.C
  • Municipality: LANCASTER
  • Latitude: 42.5192
  • Longitude: -71.682

    Address

  • Full Address: 16 Fort Pond Inn Rd
  • Address - House Number: 16
  • Address - Street Name: Fort Pond Inn
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R002
  • 4-Digit Zip Code: 3229
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,025,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1533
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 702,117
  • High Value: 809,799
  • Low Value: 594,435

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $596,700
  • Assessed Land Value: $150,100
  • Assessed Improvements Value: $446,600

    Sales

  • Current Sale Recording Date: May 07, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00059386
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:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2381 ft²

Average Home Age

65.5 years

Currently For Sale

1967 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: 6 months ago
Data Source: MLS PIN, MLS# 70486948

Frequently Asked Questions

When was property at 16 Ft Pond Inn Road built and last sold?
The property at 16 Ft Pond Inn Road was built in 2006 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 16 Ft Pond Inn Road is $511,481.
What are some comparable homes to 16 Ft Pond Inn Road?
There are currently no comparable homes to 16 Ft Pond Inn Road.
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