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South Lancaster 01523
245 Main St
$270,000
● House - Off Market

245 Main St

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,288 Ft²
$365,942
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Multiple Offers! Offer Deadline Wed, Sept 25 @ 5:00.  Currier and Ives setting for this charming New England Cape Cod home! One floor living with a walk up second floor that offers some potential for expanded living area. Hardwood floors, big brick center chimney with oversized fireplace. Main level offers eat in kitchen, 4 season back porch/den, dining room, big living room with brick fireplace, 2 bedrooms and a full bath. Full sized 2 car garage and nice level lot. Updated heating system includes central air! House needs to be updated but appears to be solid and ready for a remodel! Priced to sell as is. Bring your imagination! Lots of potential!
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$194
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1965

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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 #72568107)

Price History

Date / Event Date Event Price
Nov 20, 2019 Sold
Premium
Sold
Sep 20, 2019 Listed by Keller Williams Realty North Central $250,000
Listed by Keller Williams Realty North Central
Oct 19, 2007 Sold
Premium
Sold
Sep 19, 2007 Listed by Keller Williams Realty North Central $309,900
Listed by Keller Williams Realty North Central

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 1,274
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,988
  • Total Building Area: 1,288
  • Gross Building Area: 1,769
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:037.0 B:0000 L:0107.0
  • Lot: 107.0
  • Municipality: LANCASTER
  • Latitude: 42.4425
  • Longitude: -71.6851

    Address

  • Full Address: 245 Main St
  • Address - House Number: 245
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 2885
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $572,100

    Appraisal Valuation

  • Standard Deviation: 0.2402
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 398,934
  • High Value: 494,786
  • Low Value: 303,083

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $332,800
  • Assessed Land Value: $81,400
  • Assessed Improvements Value: $251,400

    Sales

  • Current Sale Contract Date: Nov 19, 2019
  • Current Sale Recording Date: Nov 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 124991
  • Previous Sale Recording Date: Oct 19, 2007
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 27
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 South Lancaster

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$307

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1631 ft²

Average Home Age

115.5 years

Currently For Sale

4 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# 72568107

Frequently Asked Questions

When was property at 245 Main Street built and last sold?
The property at 245 Main Street was built in 1965 and last sold on Nov 19, 2019 for $270,000.
How much is this home worth?
The estimated value of the home located at 245 Main Street is $260,655.
What are some comparable homes to 245 Main Street?
There are currently no comparable homes to 245 Main Street.
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