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Worcester 01523
279 Mill St
$326,500
● House - Off Market

279 Mill St

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,268 Ft²
$563,077
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

Lancaster beautifully landscaped 3/4 acre lot with gazebo  And out building not evident from driving by. 8 Room 4 bedroom  Traditional full dormer cape 2 1/2 baths, 4 season sunroom, first floor family room,   granite kitchen with cabinets galore.
Unit Size
2,268 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$159
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1900

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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 #72209916)

Price History

Date / Event Date Event Price
Feb 9, 2018 Sold
Premium
Sold
Aug 7, 2017 Listed by Aberman Associates, Inc. $359,900
Listed by Aberman Associates, Inc.
May 8, 1987 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 1,200
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,106
  • Total Building Area: 2,268
  • Gross Building Area: 2,268
  • Building Area: 2,268
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,268
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000760
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:042.0 B:0000 L:0059.0
  • Lot: 59.0
  • Municipality: LANCASTER
  • Latitude: 42.4379
  • Longitude: -71.68

    Address

  • Full Address: 279 Mill St
  • Address - House Number: 279
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 2043
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $742,400

    Appraisal Valuation

  • Standard Deviation: 0.1832
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 547,355
  • High Value: 647,661
  • Low Value: 447,049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $431,900
  • Assessed Land Value: $96,800
  • Assessed Improvements Value: $335,100

    Sales

  • Current Sale Recording Date: Feb 09, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13386
  • Previous Sale Recording Date: May 08, 1987
  • Previous Sale Amount: $124,900
  • 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

2408 ft²

Average Home Age

62.6 years

Currently For Sale

1996 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# 72209916

Frequently Asked Questions

When was property at 279 Mill Street built and last sold?
The property at 279 Mill Street was built in 1900 and last sold on Jan 1, 1970 for $326,500.
How much is this home worth?
The estimated value of the home located at 279 Mill Street is $373,265.
What are some comparable homes to 279 Mill Street?
There are currently no comparable homes to 279 Mill Street.
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