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Worcester 01523
270 Nicholas Drive
$470,000
● House - Off Market

270 Nicholas Drive

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,826 Ft²
$816,941
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Lovely setting for this fabulous contemporary one level ranch home at Eagle Ridge, a 55+ community.  This Washington model home is in mint condition with numerous upgrades, offers an open flowing floor plan, 9 ft. ceilings, loads of natural light, custom woodwork, and professional landscaping & irrigation system. The spacious kitchen boasts custom cabinets, granite countertops, breakfast bar, center island, custom lighting, and is adjacent to the breakfast room.  All appliances are included.  The LL has beautiful  finished family rm. with an add'l 380 sf of living space, a gas frplc, full bath and daylight windows.  This Fall enjoy the 3 season porch w/mahogany decking and view of the wooded lot, or relax by the  fireplace in the Sunroom this fall overlooking the private yard and deck.
Unit Size
2,826 Ft²
Days on Market
-
Land Size
2.05 acres
Price per sqft
$172
Property Type
House
Property Taxes
$768
HOA Dues
$83
Year Built
2005

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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: 5 months ago (MLSPIN #72058778)

Price History

Date / Event Date Event Price
Nov 30, 2016 Sold
Premium
Sold
Aug 26, 2016 Listed by Coldwell Banker Residential Brokerage - Leominster $484,900
Listed by Coldwell Banker Residential Brokerage - Leominster
Jul 6, 2010 Sold
Premium
Sold
Apr 7, 2010 Listed by Coldwell Banker Residential Brokerage - Leominster $479,900
Listed by Coldwell Banker Residential Brokerage - Leominster
Oct 20, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 2,290
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 89,298
  • Total Building Area: 2,290
  • Gross Building Area: 2,290
  • Building Area: 2,290
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,290
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NICHOLAS DRIVE EAGLE RDG ESTAT
  • Land Acres: 0000002050
  • 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.V
  • Lot: 2.V
  • Municipality: LANCASTER
  • Latitude: 42.4522
  • Longitude: -71.7114

    Address

  • Full Address: 270 Nicholas Dr
  • Address - House Number: 270
  • 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: $1,181,100

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 741,850
  • High Value: 873,421
  • Low Value: 610,279

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $687,100
  • Assessed Land Value: $60,300
  • Assessed Improvements Value: $626,800

    Sales

  • Current Sale Recording Date: Nov 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 137350
  • Previous Sale Recording Date: Jul 06, 2010
  • Previous Sale Amount: $470,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

2402 ft²

Average Home Age

63.4 years

Currently For Sale

2051 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: 5 months ago
Data Source: MLS PIN, MLS# 72058778

Frequently Asked Questions

When was property at 270 Nicholas Drive built and last sold?
The property at 270 Nicholas Drive was built in 2005 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 270 Nicholas Drive is $505,815.
What are some comparable homes to 270 Nicholas Drive?
There are currently no comparable homes to 270 Nicholas Drive.
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