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Worcester
161 Lancaster Road
$320,000
● House - Off Market

161 Lancaster Road

Berlin, MA 01503
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,050 Ft²
$443,695
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

This extremely rare, meticulously maintained, 3 bedroom, Hip Roof Ranch is boasting with pride of ownership. Set back from the road on a level 1.31 acre lot offering newer windows, central vac, newer roof and the hardwoods under all carpets are in very good condition. The pump to the well and tank were replaced in 2017 and new feed line from house to well was replaced in 2019. Bathroom offers a laundry chute and the basement is heated offering limitless possibilities. Laundry room is in the basement along with a work bench area to get all your the little projects completed. The hardwood floors under carpets is in very good condition per the seller. Seller will include a 5 year old snowblower and rider lawnmower (age unknown) with a full price sale.
Unit Size
1,050 Ft²
Days on Market
-
Land Size
1.31 acres
Price per sqft
$305
Property Type
House
Property Taxes
$360
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: 4 months ago (MLSPIN #72619674)

Price History

Date / Event Date Event Price
Aug 30, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by Foster-Healey Real Estate $424,900
Listed by Foster-Healey Real Estate
Jul 13, 2020 Sold
Premium
Sold
Feb 14, 2020 Listed by Foster-Healey Real Estate $320,000
Listed by Foster-Healey Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 546
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 57,064
  • Total Building Area: 1,050
  • Gross Building Area: 2,170
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001310
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Berlin School District
  • Census Tract: 717100

Geography

  • District: 28
  • Parcel: BERL M:0230 B:0030 L:0000-0
  • Block: 30
  • Municipality: BERLIN
  • Latitude: 42.4114
  • Longitude: -71.6523

    Address

  • Full Address: 161 Lancaster Rd
  • Address - House Number: 161
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Berlin
  • Carrier Code: R001
  • 4-Digit Zip Code: 1015
  • Zip Code: 01503

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $576,700

    Appraisal Valuation

  • Standard Deviation: 0.1659
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 493,887
  • High Value: 575,852
  • Low Value: 411,921

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $452,300
  • Assessed Land Value: $255,300
  • Assessed Improvements Value: $197,000

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 121666
  • Previous Sale Recording Date: Jul 13, 2020
  • Previous Sale Contract Date: Jul 10, 2020
  • Previous Sale Amount: $325,000
  • 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

57

Average Home Size

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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# 72619674

Frequently Asked Questions

When was property at 161 Lancaster Road built and last sold?
The property at 161 Lancaster Road was built in 1960 and last sold on Aug 30, 2021 for $412,000.
How much is this home worth?
The estimated value of the home located at 161 Lancaster Road is $430,896.
What are some comparable homes to 161 Lancaster Road?
There are currently no comparable homes to 161 Lancaster Road.
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