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Lunenburg 01462
3 Lancaster Ave
$330,000
● House - Off Market

3 Lancaster Ave

Lunenburg, MA 01462
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,675 Ft²
$324,385
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

In the heart of Lunenburg center sits this circa 1798 mixed used Colonial building awaiting a buyer's dream;  last used as a cafe this building has had many businesses over the years and has much potential.  The first floor is all open with no kitchens or baths;  the lower level walkout has a small kitchenette and male and female lavoratories.  The 2nd floor has not been used for many years and last used as residence .    Much work to be done but could be a gem in this wonderful location!   Buyer's should use due diligence -  .  Property sold in as is condition.  Interior pics to follow.  PLS SUBMIT PREAPPROVAL WITH OFFERS; note property is MIXED USE and therefore will not qualify for standard financing.,
Unit Size
2,675 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$112
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1969

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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 #72891945)

Price History

Date / Event Date Event Price
Jan 25, 2022 Sold
Premium
Sold
Sep 8, 2021 Listed by eXp Realty $299,900
Listed by eXp Realty
Jun 9, 2000 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Business/Commerical Units Count: 6
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Total Building Area: 4,331
  • Gross Building Area: 7,655
  • Building Area: 4,331
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000360
  • Standard Land Use Code: 2001
  • County Land Use Code: 325

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: RA

Geography

  • Account Number: 1620710000100000
  • Parcel: LUNE M:071.0 B:0001 L:0000.0
  • Block: 1
  • Municipality: LUNENBURG
  • Latitude: 42.5951
  • Longitude: -71.7242

    Address

  • Full Address: 3 Lancaster Ave
  • Address - House Number: 3
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: C003
  • 4-Digit Zip Code: 1590
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $423,400
  • Initial Tax Delinquent Year: 2022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $289,600
  • Assessed Land Value: $107,500
  • Assessed Improvements Value: $182,100

    Sales

  • Current Sale Contract Date: Jan 25, 2022
  • Current Sale Recording Date: Jan 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1647
  • Previous Sale Recording Date: Jun 25, 2004
  • 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 Lunenburg

Stats & Trends

Median Asking:

$518,000

Sale Price/ft²

$295

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3022 ft²

Average Home Age

62.8 years

Currently For Sale

9 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: 5 months ago
Data Source: MLS PIN, MLS# 72891945

Frequently Asked Questions

When was property at 3 Lancaster Avenue built and last sold?
The property at 3 Lancaster Avenue was built in 1969 and last sold on Jan 25, 2022 for $330,000.
How much is this home worth?
The estimated value of the home located at 3 Lancaster Avenue is $321,331.
What are some comparable homes to 3 Lancaster Avenue?
There are currently no comparable homes to 3 Lancaster Avenue.
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