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Worcester 01523
220 7 Bridge Rd
$225,000
● House - Off Market

220 7 Bridge Rd

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,026 Ft²
$424,652
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

BRIGHT, SHINY AND NEWLY REMODELED 3 Bedroom RANCH home.  Brand New kitchen with Beechwood cabinets, granite countertop and stainless appliances.  New 200 AMP Electrical with new sockets.  New doors, trim & windows.  Hardwoods throughout.  One year old furnace.  Nice deck overlooking a large level back yard.  Perfect for dining/relaxing. Good commuter location near Rte 495 & Rte 2.  Move Right In!
Unit Size
1,026 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$229
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
1970

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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 years ago (MLSPIN #71786681)

Price History

Date / Event Date Event Price
Apr 3, 2015 Sold
Premium
Sold
Jan 22, 2015 Listed by Commonwealth Standard Realty Advisors $234,900
Listed by Commonwealth Standard Realty Advisors

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 966
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 1,026
  • Gross Building Area: 1,026
  • Building Area: 1,026
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,026
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:030.0 B:0000 L:0115.0
  • Lot: 115.0
  • Municipality: LANCASTER
  • Latitude: 42.4654
  • Longitude: -71.6669

    Address

  • Full Address: 220 7 Bridge Rd
  • Address - House Number: 220
  • Address - Street Name: 7 Bridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R002
  • 4-Digit Zip Code: 2543
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $528,400

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 417,391
  • High Value: 490,347
  • Low Value: 344,435

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,400
  • Assessed Land Value: $82,200
  • Assessed Improvements Value: $225,200

    Sales

  • Current Sale Recording Date: Apr 03, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28233
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

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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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Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71786681

Frequently Asked Questions

When was property at 220 7 Bridge Road built and last sold?
The property at 220 7 Bridge Road was built in 1970 and last sold on Jan 1, 1970 for $225,000.
How much is this home worth?
The estimated value of the home located at 220 7 Bridge Road is $0.
What are some comparable homes to 220 7 Bridge Road?
There are currently no comparable homes to 220 7 Bridge Road.
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