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Worcester
16 Lancaster St
$406,000
● House - Off Market

16 Lancaster St

Auburn, MA 01501
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,098 Ft²
$383,555
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Beautifully maintained multi level Ranch in great location of Auburn! Easy access to highways, shopping and restaurants! Welcoming and open floor plan, 3 good sized bedrooms and closets, kitchen with new counters and peninsula as well as separate eating area and 3 season sunroom off back. Gleaming hardwood floors throughout most of this lovely home, updated bath and warmly decorated! Vinyl replacement windows, newer boiler, finished lower level family room with desk nook, laundry area and cedar closet. 1 car garage, alarm system and nice landscaping/gardens!
Unit Size
1,098 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$341
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1960

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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: 5 months ago (MLSPIN #72961513)

Price History

Date / Event Date Event Price
Jul 29, 2022 Sold
Premium
Sold
Apr 3, 2022 Listed by RE/MAX Executive Realty $374,900
Listed by RE/MAX Executive Realty
Feb 27, 2015 Sold
Premium
Sold
Oct 11, 2014 Listed by RE/MAX Executive Realty $234,900
Listed by RE/MAX Executive Realty

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • 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: 11,900
  • Total Building Area: 1,098
  • Gross Building Area: 2,547
  • Building Area: 1,098
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,098
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000273
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Auburn School District
  • School Tax School District: AUBURN SD
  • Census Tract: 736500

Geography

  • Account Number: 4540
  • District: 17
  • Parcel: AUBU M:0048 L:0062
  • Lot: 62
  • Municipality: AUBURN
  • Latitude: 42.1947
  • Longitude: -71.8399

    Address

  • Full Address: 16 Lancaster St
  • Address - House Number: 16
  • Address - Street Name: Lancaster
  • Address - Suffix Type: St
  • State: MA
  • City Name: Auburn
  • Carrier Code: C009
  • 4-Digit Zip Code: 2212
  • Zip Code: 01501

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $593,200

    Appraisal Valuation

  • Standard Deviation: 0.1928
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 415,206
  • High Value: 495,294
  • Low Value: 335,117

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $397,300
  • Assessed Land Value: $131,200
  • Assessed Improvements Value: $266,100

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Jul 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 83670
  • Previous Sale Recording Date: Feb 27, 2015
  • Previous Sale Amount: $230,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2400 ft²

Average Home Age

63.5 years

Currently For Sale

2076 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: 5 months ago
Data Source: MLS PIN, MLS# 72961513

Frequently Asked Questions

When was property at 16 Lancaster Street built and last sold?
The property at 16 Lancaster Street was built in 1960 and last sold on Jul 29, 2022 for $406,000.
How much is this home worth?
The estimated value of the home located at 16 Lancaster Street is $370,892.
What are some comparable homes to 16 Lancaster Street?
There are currently no comparable homes to 16 Lancaster Street.
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