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Worcester 01523
253 Sterling St
$640,000
● House - Off Market

253 Sterling St

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,016 Ft²
$685,386
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Brand New Colonial completed in November 2021, with high-end finishes throughout. Top grade white shaker cabinets. "Absolute Black" granite counters. LG kitchen and laundry appliance suites including double oven and XL fridge. Upgraded sinks and faucets. Dark hardwoods downstairs and plush carpets in upstairs bedrooms. Master has a private bath and walk-in closet. Gas fireplace with blower. 2-car attached garage. Central AC. Central Vac. Gutters. Alarm System. Storm Door. In-ground propane. Do not miss tis amazing opportunity to get a brand-new top-of the line construction!
Unit Size
2,016 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$327
Property Type
House
Property Taxes
$131
HOA Dues
-
Year Built
2021

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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 #72995182)

Price History

Date / Event Date Event Price
Sep 14, 2022 Sold
Premium
Sold
Jun 9, 2022 Listed by Redfin Corp. $659,000
Listed by Redfin Corp.
Nov 8, 2021 Sold
Premium
Sold
Aug 9, 2021 Listed by Redfin Corp. $529,900
Listed by Redfin Corp.
Jun 30, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 480
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 2,016
  • Gross Building Area: 936
  • Building Area: 2,016
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,016
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:040.0 B:0000 L:0033.0
  • Lot: 33.0
  • Municipality: LANCASTER
  • Latitude: 42.4301
  • Longitude: -71.708

    Address

  • Full Address: 253 Sterling St
  • Address - House Number: 253
  • Address - Street Name: Sterling
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R001
  • 4-Digit Zip Code: 1838
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $156,800

    Appraisal Valuation

  • Standard Deviation: 0.1796
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 593,602
  • High Value: 700,218
  • Low Value: 486,985

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $468,400
  • Assessed Land Value: $75,300
  • Assessed Improvements Value: $393,100

    Sales

  • Current Sale Contract Date: Sep 14, 2022
  • Current Sale Recording Date: Sep 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 100973
  • Previous Sale Recording Date: Nov 08, 2021
  • Previous Sale Contract Date: Nov 08, 2021
  • Previous Sale Amount: $530,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

2403 ft²

Average Home Age

63.3 years

Currently For Sale

2008 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# 72995182

Frequently Asked Questions

When was property at 253 Sterling Street built and last sold?
The property at 253 Sterling Street was built in 2021 and last sold on Sep 14, 2022 for $640,000.
How much is this home worth?
The estimated value of the home located at 253 Sterling Street is $653,693.
What are some comparable homes to 253 Sterling Street?
There are currently no comparable homes to 253 Sterling Street.
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