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Middlesex
308 Lancaster Drive
$580,000
● House - Off Market

308 Lancaster Drive

Tewksbury, MA 01876
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,604 Ft²
$873,163
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

The perfect home in the perfect neighborhood just got better!!  Before closing Seller is installing a BRAND NEW ROOF!  Ask about other updates!   Ames Hill Estates! This 4 bedroom brick front colonial has a entertainment size family room,living room,and built in pool! Spread out in the oversized kitchen, enclosed porch and deck.  Fireplace in cathedral ceiling family room keeps you warm on winter nights but until then, splash in the in -ground pool when the heat hits! Freshly painted interior in neutral tones compliments any decor. Close to Andover line and Rt 93 to Boston or NH.    *vinyl siding is 'cedar impressions' so looks like shingles.
Unit Size
2,604 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$227
Property Type
House
Property Taxes
$624
HOA Dues
-
Year Built
1985

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72335701)

Price History

Date / Event Date Event Price
Sep 19, 2018 Sold
Premium
Sold
May 30, 2018 Listed by RE/MAX Encore $589,900
Listed by RE/MAX Encore
Jun 23, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 627
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,174
  • Total Building Area: 2,604
  • Gross Building Area: 4,452
  • Building Area: 2,604
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,604
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001060
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Tewksbury School District
  • School Tax School District: TEWKSBURY SD
  • Census Tract: 315200

Zoning

  • Zoning: RG

Geography

  • Parcel: TEWK M:0077 L:0032 U:0000
  • Lot: 32
  • Municipality: TEWKSBURY
  • Latitude: 42.6223
  • Longitude: -71.2135

    Address

  • Full Address: 308 Lancaster Dr
  • Address - House Number: 308
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Tewksbury
  • Carrier Code: C001
  • 4-Digit Zip Code: 1344
  • Zip Code: 01876

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,021,300

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 871,275
  • High Value: 1,012,941
  • Low Value: 729,610

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $762,700
  • Assessed Land Value: $334,800
  • Assessed Improvements Value: $427,900

    Sales

  • Current Sale Recording Date: Sep 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41050
  • Previous Sale Recording Date: Jun 23, 1993
  • Previous Sale Amount: $242,000
  • 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 Middlesex

Stats & Trends

Median Asking:

$819,900

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2709 ft²

Average Home Age

65.2 years

Currently For Sale

3095 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72335701

Frequently Asked Questions

When was property at 308 Lancaster Drive built and last sold?
The property at 308 Lancaster Drive was built in 1985 and last sold on Jan 1, 1970 for $580,000.
How much is this home worth?
The estimated value of the home located at 308 Lancaster Drive is $622,732.
What are some comparable homes to 308 Lancaster Drive?
There are currently no comparable homes to 308 Lancaster Drive.
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