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Worcester 01523
284 Mill St
$315,000
● House - Off Market

284 Mill St

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,818 Ft²
$494,342
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Wonderful farmhouse colonial with covered front porch sited on LARGE 1 acre lot that is mostly fenced in. Ideal for dog lovers! Sprawling grounds with garden area and a small outbuilding. Charming updated home with new exterior paint, beautiful recently refinished wide pine floors, updated country kitchen with granite counters and island, updated baths, newer 200 amp electric service and furnace. Roof is only 10 years old. Most windows are replacement vinyl. New Dishwasher and Range! Walk up attic features 2 partially finished bonus rooms for added space. Truly a country estate!
Unit Size
1,818 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$171
Property Type
House
Property Taxes
$418
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 #72188152)

Price History

Date / Event Date Event Price
Aug 15, 2017 Sold
Premium
Sold
Jun 22, 2017 Listed by Keller Williams Realty North Central $310,000
Listed by Keller Williams Realty North Central
Aug 22, 2014 Sold
Premium
Sold
Jun 25, 2014 Listed by Keller Williams Realty North Central $269,900
Listed by Keller Williams Realty North Central
Apr 28, 2008 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 744
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,818
  • Gross Building Area: 1,818
  • Building Area: 1,818
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,818
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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:0021.0
  • Lot: 21.0
  • Municipality: LANCASTER
  • Latitude: 42.4382
  • Longitude: -71.6792

    Address

  • Full Address: 284 Mill St
  • Address - House Number: 284
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 2046
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $684,500

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 503,872
  • High Value: 599,117
  • Low Value: 408,628

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $398,200
  • Assessed Land Value: $101,200
  • Assessed Improvements Value: $297,000

    Sales

  • Current Sale Recording Date: Aug 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 89003
  • Previous Sale Recording Date: Aug 22, 2014
  • Previous Sale Amount: $269,900
  • Previous Sale Document Type: O
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

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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# 72188152

Frequently Asked Questions

When was property at 284 Mill Street built and last sold?
The property at 284 Mill Street was built in 1900 and last sold on Jan 1, 1970 for $315,000.
How much is this home worth?
The estimated value of the home located at 284 Mill Street is $322,328.
What are some comparable homes to 284 Mill Street?
There are currently no comparable homes to 284 Mill Street.
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