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Worcester 01523
24 Neck Road
$430,000
● House - Off Market

24 Neck Road

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,325 Ft²
$716,024
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Beautifully appointed Antique Farmhouse in top location just outside of Lancaster Center. Recent renovations include country kitchen with stainless steel appliances, solid countertops, hardwood flooring and wood stove. Abundant period detail and country charm throughout the original house. Spacious rooms, hardwood flooring and high ceilings. Addition includes large conference room with extensive built in bookshelves ideal for in home business, large two car garage with great room above featuring wide pine flooring. 200 Amp electric service, including wiring for a generator. Upgraded water heater. Extensive work performed in 2016 to the exterior of the home.
Unit Size
3,325 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$128
Property Type
House
Property Taxes
$600
HOA Dues
-
Year Built
1880

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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 #72074171)

Price History

Date / Event Date Event Price
Aug 30, 2021 Sold
Premium
Sold
Jun 22, 2021 Listed by Waverly Property Solutions, Inc. $599,900
Listed by Waverly Property Solutions, Inc.
Nov 30, 2016 Sold
Premium
Sold
Sep 28, 2016 Listed by Waverly Property Solutions, Inc. $425,000
Listed by Waverly Property Solutions, Inc.
Mar 19, 1996 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,934
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,272
  • Total Building Area: 4,083
  • Gross Building Area: 4,083
  • Building Area: 4,083
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 4,083
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001200
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:034.0 B:0000 L:0081.0
  • Lot: 81.0
  • Municipality: LANCASTER
  • Latitude: 42.4532
  • Longitude: -71.672

    Address

  • Full Address: 24 Neck Rd
  • Address - House Number: 24
  • Address - Street Name: Neck
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2235
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,040,700

    Appraisal Valuation

  • Standard Deviation: 0.2024
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 714,337
  • High Value: 858,952
  • Low Value: 569,723

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $605,400
  • Assessed Land Value: $103,100
  • Assessed Improvements Value: $502,300

    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: 121390
  • Previous Sale Recording Date: Nov 30, 2016
  • Previous Sale Amount: $430,000
  • 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

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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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72074171

Frequently Asked Questions

When was property at 24 Neck Road built and last sold?
The property at 24 Neck Road was built in 1880 and last sold on Aug 30, 2021 for $622,500.
How much is this home worth?
The estimated value of the home located at 24 Neck Road is $628,876.
What are some comparable homes to 24 Neck Road?
There are currently no comparable homes to 24 Neck Road.
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