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Worcester
35 Mcgovern Blvd
Photo of 35 Mcgovern Blvd

4

Map

Photo of 35 Mcgovern Blvd
Photo of 35 Mcgovern Blvd
$800,000
● Land - For Sale

35 Mcgovern Blvd

Lancaster, MA 01503
bedrooms
Studio
bathrooms
0 Bath
$4,373
Est. Monthly
2.40%
Cap Rate

About This Property

High visibility, high traffic location. Surrounded by Mass Youth Soccer Fields, abutting Dunkin' Donuts and Mobil Gas Station, across the street from Kimball Farms Ice Cream, near 4 automobile dealers, this premier location is ideal for auto dealership, restaurant, or retail. Lancaster EZ zoning classification allows most professional and commercial uses.  Residential uses are not allowed. Addition land available see MLS#
Unit Size
-
Days on Market
-
Land Size
4.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$445
HOA Dues
-
Year Built
1967

Listed By

Wendy Poudrette
Foster-Healey Real Estate

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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: 2 years ago (MLSPIN #73188523)

Price History

Date / Event Date Event Price
Dec 17, 2024 Relisted $499,000
Relisted
Dec 16, 2024 No longer available -
No longer available
Dec 21, 2023 Listed by Foster-Healey Real Estate $800,000
Listed by Foster-Healey Real Estate
Jun 2, 2022 Sold
Premium
Sold
Apr 12, 2022 Listed by Foster-Healey Real Estate $499,000
Listed by Foster-Healey Real Estate
Show More

Property Highlights

Garage
Parking Available
Exterior Details
Building Area Units: Square Feet
Lot Features: Level
Lot Size Area: 4.2
Lot Size Units: Acres
Lot Size Acres: 4.2
Lot Size Square Feet: 182952
Water Source: Private
Financial Details
Tax Assessed Value: $310,500
Tax Annual Amount: $5,337
Utilities Details
Sewer : Private Sewer

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 915
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,488
  • Total Building Area: 1,232
  • Gross Building Area: 3,140
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001710
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Berlin School District
  • Census Tract: 717100

Geography

  • District: 28
  • Parcel: BERL M:0190 B:0069 L:0000-0
  • Block: 69
  • Municipality: BERLIN
  • Latitude: 42.3996
  • Longitude: -71.6545

    Address

  • Full Address: 35 Lancaster Rd
  • Address - House Number: 35
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Berlin
  • Carrier Code: R001
  • 4-Digit Zip Code: 1016
  • Zip Code: 01503

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $630,600

    Appraisal Valuation

  • Standard Deviation: 0.1659
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 558,029
  • High Value: 650,639
  • Low Value: 465,419

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $494,600
  • Assessed Land Value: $264,300
  • Assessed Improvements Value: $230,300

    Sales

  • Current Sale Contract Date: Jun 02, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60175
  • Previous Sale Recording Date: Jun 26, 2006
  • Previous Sale Amount: $380,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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: 2 years ago
Data Source: MLS PIN, MLS# 73188523

Frequently Asked Questions

When was property at 35 Lancaster Road built and last sold?
The property at 35 Lancaster Road was built in 1967 and last sold on Jun 2, 2022 for $530,000.
How much is this home worth?
The estimated value of the home located at 35 Lancaster Road is $808,000.
What are some comparable homes to 35 Lancaster Road?
There are currently no comparable homes to 35 Lancaster Road.
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