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Worcester
191 Lancaster Rd
$350,000
● House - Off Market

191 Lancaster Rd

Berlin, MA 01503
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,296 Ft²
$1,857
Est. Monthly

About This Property

Excellent opportunity within this lovely ranch with an attached garage and partially finished basement. Interior features include a large kitchen with island, fireplaced sitting area, and living room with a bow window. The main bathroom has some updates.  1.62 Acres of land offering yard space, paddock/shed, and old tennis court. This property holds so much potential to rejuvenate with your own ideas. Not far from Routes 117 and 62, and I-495.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
1.62 acres
Price per sqft
$216
Property Type
House
Property Taxes
$484
HOA Dues
-
Year Built
1960

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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 #73202220)

Price History

Date / Event Date Event Price
Mar 25, 2024 Sold
Premium
Sold
Feb 21, 2024 In contract -
In contract
Feb 14, 2024 Listed by Quinsigamond Realty $279,500
Listed by Quinsigamond Realty
Aug 31, 2023 Sold
Premium
Sold
Aug 1, 2023 Sold
Premium
Sold
Show More

Property Highlights

Garage
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: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 625
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 70,567
  • Total Building Area: 1,296
  • Gross Building Area: 3,179
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001620
  • 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:0019 L:0000-0
  • Block: 19
  • Municipality: BERLIN
  • Latitude: 42.4145
  • Longitude: -71.6529

    Address

  • Full Address: 191 Lancaster Rd
  • Address - House Number: 191
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Berlin
  • Carrier Code: R001
  • 4-Digit Zip Code: 1025
  • Zip Code: 01503

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $610,900

    Appraisal Valuation

  • Standard Deviation: 0.0856
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 283,628
  • High Value: 307,932
  • Low Value: 259,324

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $479,100
  • Assessed Land Value: $262,300
  • Assessed Improvements Value: $216,800

    Sales

  • Current Sale Contract Date: Mar 05, 2024
  • Current Sale Recording Date: Mar 25, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21170
  • Previous Sale Recording Date: Aug 31, 2023
  • Previous Sale Contract Date: Aug 25, 2023
  • Previous Sale Amount: $370,915
  • Previous Sale Document Type: 34
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73202220

Frequently Asked Questions

When was property at 191 Lancaster Road built and last sold?
The property at 191 Lancaster Road was built in 1960 and last sold on Mar 5, 2024 for $350,000.
How much is this home worth?
The estimated value of the home located at 191 Lancaster Road is $292,101.
What are some comparable homes to 191 Lancaster Road?
There are currently no comparable homes to 191 Lancaster Road.
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