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South Lancaster 01523
289 Main St
$189,900
● House - Off Market

289 Main St

Lancaster, MA 01523
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,547 Ft²
$433,892
RealtyHop Estimate
117.05%
Since Oct 1, 2010
National-US
Primary Model

About This Property

You just hit the lottery! $33,000+ price reduction! Historic Lancaster 4 Bedroom in town beauty. What a great buy. 2 1/2 baths, lots of living area, and lower level Family Room/Den for the kids. You'll love this home - especially at this price! Should go FHA.
Unit Size
1,547 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$129
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1929

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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 years ago (MLSPIN #71091399)

Price History

Date / Event Date Event Price
Jul 8, 2016 Sold
Premium
Sold
Sep 16, 2010 Sold
Premium
Sold
Jun 6, 2010 Listed by Keller Williams Realty North Central $199,900
Listed by Keller Williams Realty North Central

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • 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: 958
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,602
  • Gross Building Area: 1,601
  • Building Area: 1,602
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,602
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:038.0 B:0000 L:0051.0
  • Lot: 51.0
  • Municipality: LANCASTER
  • Latitude: 42.4438
  • Longitude: -71.6846

    Address

  • Full Address: 289 Main St
  • Address - House Number: 289
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R001
  • 4-Digit Zip Code: 2853
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $636,200

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 478,432
  • High Value: 568,867
  • Low Value: 387,996

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $370,100
  • Assessed Land Value: $77,200
  • Assessed Improvements Value: $292,900

    Sales

  • Current Sale Recording Date: Jul 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 109094
  • Previous Sale Recording Date: Sep 16, 2010
  • Previous Sale Amount: $189,900
  • Previous Sale Document Type: 48
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 South Lancaster

Stats & Trends

Median Asking:

$477,450

Sale Price/ft²

$303

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1681 ft²

Average Home Age

92.8 years

Currently For Sale

4 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 years ago
Data Source: MLS PIN, MLS# 71091399

Frequently Asked Questions

When was property at 289 Main Street built and last sold?
The property at 289 Main Street was built in 1929 and last sold on Jan 1, 1970 for $265,000.
How much is this home worth?
The estimated value of the home located at 289 Main Street is $0.
What are some comparable homes to 289 Main Street?
There are currently no comparable homes to 289 Main Street.
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