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Worcester 01523
246 Nicholas Drive
$650,000
● House - Off Market

246 Nicholas Drive

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,945 Ft²
$654,938
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Terrific ranch style home at Eagle Ridge, an over 55 community. The 9 foot ceilings and open flowing floor plan make this home very inviting! The Great Room offers a welcoming gas corner fireplace, vaulted ceiling, loads of natural light & access to the deck via a triple slider. As you step outside you will appreciate the deck overlooking the private yard. The Dining Room features a hardwood floor, wainscoting & crown molding. The kitchen has ample cabinets, cozy dining area, and breakfast bar.   Laundry room with oversized closet, tile flooring and washer/dryer. The master bedroom has a walk- in closet & master bath with shower & jetted tub!  There is a lovely yard with a wooded view, and a two car garage. Seller has never lived in the home. This home is a must see!
Unit Size
1,945 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$334
Property Type
House
Property Taxes
$662
HOA Dues
$100
Year Built
2006

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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 #73099725)

Price History

Date / Event Date Event Price
Jun 2, 2023 Sold
Premium
Sold
Apr 25, 2023 In contract -
In contract
Apr 20, 2023 Listed by Blue Point Realty, LLC $649,900
Listed by Blue Point Realty, LLC
Jun 16, 2006 Sold
Premium
Sold
Nov 3, 2005 Listed by Blue Point Realty, LLC $434,420
Listed by Blue Point Realty, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • 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: 1,945
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,522
  • Total Building Area: 1,945
  • Gross Building Area: 1,945
  • Building Area: 1,945
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,945
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000540
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:036.0 B:0000 L:0002.Z
  • Lot: 2.Z
  • Municipality: LANCASTER
  • Latitude: 42.4531
  • Longitude: -71.7125

    Address

  • Full Address: 246 Nicholas Dr
  • Address - House Number: 246
  • Address - Street Name: Nicholas
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2969
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $816,900

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 584,394
  • High Value: 681,991
  • Low Value: 486,797

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $475,200
  • Assessed Land Value: $50,700
  • Assessed Improvements Value: $424,500

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: Jun 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 42857
  • Previous Sale Recording Date: Apr 28, 2014
  • 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 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73099725

Frequently Asked Questions

When was property at 246 Nicholas Drive built and last sold?
The property at 246 Nicholas Drive was built in 2006 and last sold on May 26, 2023 for $650,000.
How much is this home worth?
The estimated value of the home located at 246 Nicholas Drive is $648,946.
What are some comparable homes to 246 Nicholas Drive?
There are currently no comparable homes to 246 Nicholas Drive.
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