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Worcester 01523
1997 Shirley Rd
Photo of 1997 Shirley Rd
Sold on May 12, 2025

38

Map

Photo of 1997 Shirley Rd
Photo of 1997 Shirley Rd
$410,000
● House - Off Market

1997 Shirley Rd

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,375 Ft²
$2,443
Est. Monthly
4.86%
Cap Rate

About This Property

**OFFERS DUE MON MARCH 31ST AT 10AM** This beautifully updated one-level living home, situated on a generous 1-acre lot, offers the perfect blend of modern updates and convenience. Featuring two spacious bedrooms and one fully remodeled bathroom, this home has been designed with quality finishes throughout. The newly updated kitchen boasts sleek, updated cabinets, all-new appliances, and stunning quartz countertops. Additionally, the home has a newly installed heating system, ensuring efficiency and comfort year-round. Located just a few minutes from Route 2, making commuting a breeze. There is an additional sizable family room in the basement for numerous possibilities. With the added benefit of ample outdoor space, spacious attached two car garage,  this move-in-ready gem is a true must-see!
Unit Size
1,375 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$291
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
1964

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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: 2 years ago (MLSPIN #73350301)

Price History

Date / Event Date Event Price
May 12, 2025 Sold
Premium
Sold
Mar 31, 2025 In contract -
In contract
Mar 26, 2025 Listed $399,900
Listed
Feb 3, 2025 Temporarily off market -
Temporarily off market
Jan 17, 2025 Listed by Coldwell Banker Realty - Leominster $299,900
Listed by Coldwell Banker Realty - Leominster
**Investors/contractors/handymen take notice!*** Single family ranch in sought after Lancaster on an acre of cleared land. This house features 2 bed 1 ba, 2 car attached garage. Being sold in AS IS condition. New septic installed 2024. Close proximity (3min) from rte 2. Potential to expand and finish basement.
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Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,040
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RONALD FLORIO
  • Land Acres: 0000001000
  • 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:0056.M
  • Lot: 56.M
  • Municipality: LANCASTER
  • Latitude: 42.5278
  • Longitude: -71.6651

    Address

  • Full Address: 1997 Shirley Rd
  • Address - House Number: 1997
  • Address - Street Name: Shirley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R002
  • 4-Digit Zip Code: 3104
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $526,700

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 425,484
  • High Value: 499,748
  • Low Value: 351,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $306,400
  • Assessed Land Value: $92,000
  • Assessed Improvements Value: $214,400

    Sales

  • Current Sale Contract Date: Mar 22, 2024
  • Current Sale Recording Date: Mar 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20844
  • Previous Sale Recording Date: Jan 23, 2014
  • Previous Sale Amount: $292,800
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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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

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2399 ft²

Average Home Age

63.4 years

Currently For Sale

1985 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: 2 years ago
Data Source: MLS PIN, MLS# 73350301

Frequently Asked Questions

When was property at 1997 Shirley Road built and last sold?
The property at 1997 Shirley Road was built in 1964 and last sold on Mar 22, 2024 for $200,000.
How much is this home worth?
The estimated value of the home located at 1997 Shirley Road is $0.
What are some comparable homes to 1997 Shirley Road?
There are currently no comparable homes to 1997 Shirley Road.
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