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Lunenburg 01462
321 Lancaster Ave
$240,000
● House - Off Market

321 Lancaster Ave

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$389,637
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Beautiful 5 acre lot abutting Clarke's Woods Conservation Area! If you have the vision, this great private lot could be the perfect home for you! This home will need extensive repair and is being sold as-is. Open concept living, dining, kitchen area, bedroom and full bath on the main level. Two large bedrooms and full bath on the 2nd floor. Great potential for some sweat equity!
Unit Size
1,512 Ft²
Days on Market
-
Land Size
5.01 acres
Price per sqft
$179
Property Type
House
Property Taxes
$417
HOA Dues
-
Year Built
1984

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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 #72542668)

Price History

Date / Event Date Event Price
Feb 28, 2020 Sold
Premium
Sold
Jul 31, 2019 Listed by LAER Realty Partners $269,900
Listed by LAER Realty Partners
Oct 26, 2006 Sold
Premium
Sold
Apr 8, 2006 Listed by LAER Realty Partners $319,000
Listed by LAER Realty Partners
Dec 1, 2000 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 218,347
  • Total Building Area: 1,555
  • Gross Building Area: 2,760
  • Building Area: 1,555
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,555
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005013
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712102

Zoning

  • Zoning: RB

Geography

  • Account Number: 1620810001100000
  • Parcel: LUNE M:081.0 B:0011 L:0000.0
  • Block: 11
  • Municipality: LUNENBURG
  • Latitude: 42.5866
  • Longitude: -71.7127

    Address

  • Full Address: 321 Lancaster Ave
  • Address - House Number: 321
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R002
  • 4-Digit Zip Code: 1556
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $576,000

    Appraisal Valuation

  • Standard Deviation: 0.1762
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 449,368
  • High Value: 528,591
  • Low Value: 370,145

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,000
  • Assessed Land Value: $143,600
  • Assessed Improvements Value: $250,400

    Sales

  • Current Sale Contract Date: Feb 27, 2020
  • Current Sale Recording Date: Feb 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3475
  • Previous Sale Recording Date: Oct 26, 2006
  • Previous Sale Amount: $307,500
  • 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:

$514,000

Sale Price/ft²

$302

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2815 ft²

Average Home Age

66.4 years

Currently For Sale

8 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# 72542668

Frequently Asked Questions

When was property at 321 Lancaster Avenue built and last sold?
The property at 321 Lancaster Avenue was built in 1984 and last sold on Feb 27, 2020 for $240,000.
How much is this home worth?
The estimated value of the home located at 321 Lancaster Avenue is $280,637.
What are some comparable homes to 321 Lancaster Avenue?
There are currently no comparable homes to 321 Lancaster Avenue.
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