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South Lancaster 01523
305 Sterling Rd
$309,900
● House - Off Market

305 Sterling Rd

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,869 Ft²
$575,679
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

Classic Cape Style Brick Tutor home with attached two car garage.  Featuring first floor family room with wall AC and overlooking beautiful level acre lot.  Updated kitchen with granite counters, stainless appliances and custom lighting.  Formal living room has fireplace with gas insert, shining hardwood floors and crown molding and French doors. Warm and inviting formal dining room.  First floor bedroom.  Second floor bedrooms with built in's.  Basement with partially finished play room with fireplace.  First floor bath with radiant heat in floor.  Updated heating system, windows and roof.
Unit Size
1,869 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$166
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1950

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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 #71654457)

Price History

Date / Event Date Event Price
Aug 13, 2014 Sold
Premium
Sold
Apr 1, 2014 Listed by Aberman Associates, Inc. $309,900
Listed by Aberman Associates, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,092
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,877
  • Gross Building Area: 1,877
  • Building Area: 1,877
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,877
  • 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:041.0 B:0000 L:0014.0
  • Lot: 14.0
  • Municipality: LANCASTER
  • Latitude: 42.4394
  • Longitude: -71.6973

    Address

  • Full Address: 305 Sterling Rd
  • Address - House Number: 305
  • Address - Street Name: Sterling
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R001
  • 4-Digit Zip Code: 2905
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $804,300

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 580,473
  • High Value: 675,530
  • Low Value: 485,416

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $467,900
  • Assessed Land Value: $101,200
  • Assessed Improvements Value: $366,700

    Sales

  • Current Sale Recording Date: Aug 13, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 73859
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71654457

Frequently Asked Questions

When was property at 305 Sterling Road built and last sold?
The property at 305 Sterling Road was built in 1950 and last sold on Jan 1, 1970 for $309,900.
How much is this home worth?
The estimated value of the home located at 305 Sterling Road is $325,463.
What are some comparable homes to 305 Sterling Road?
There are currently no comparable homes to 305 Sterling Road.
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