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South Lancaster 01523
357 Sterling Rd
Photo of 357 Sterling Rd
Sold on Jan 2, 2007

1

Map

$650,000
● House - Off Market

357 Sterling Rd

Lancaster, MA 01523
bedrooms
9 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
8,000 Ft²
$1,361,895
RealtyHop Estimate
70.26%
Since Feb 1, 2007
National-US
Primary Model

About This Property

THIS UNIQUE PROPERTY HAS ENDLESS POSSIBILITIES WITH GRAND SETTING AND ABUTS WILDLIFE SANCTUARY. THIS MAGNIFICENT HOME IS NOT A DRIVE BY BUT A MUST SEE CLASSIC WORK OF ART. GREAT FOR INVESTORS OR A LARGE FAMILY AND IN-LAW. CAREFULLY RENOVATED WITH COMPLETLY NEW ELECTRIC WIRING WITH CENTRAL CABLE/INTERNET/TELEPHONE CONNECTION IN EVERY ROOM. CALL FOR A SPECIAL SHOWING. THIS IA A VERY UNIQUE AND SPECIAL PROPERTY.
Unit Size
8,000 Ft²
Days on Market
-
Land Size
2.47 acres
Price per sqft
$100
Property Type
House
Property Taxes
$685
HOA Dues
-
Year Built
1900

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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 #70462697)

Price History

Date / Event Date Event Price
Jan 2, 2007 Sold
Premium
Sold
Sep 22, 2006 Listed $799,900
Listed
May 16, 2005 Sold
Premium
Sold
Jan 21, 2005 Listed $520,000
Listed
Jun 22, 2000 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 18
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 3
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,545
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 104,544
  • Total Building Area: 12,020
  • Gross Building Area: 13,254
  • Building Area: 12,020
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 7,005
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Land Acres: 0000002400
  • Standard Land Use Code: 9101
  • County Land Use Code: 960

Neighborhood

  • School District Name: Nashoba School District
  • Census Tract: 713100

Geography

  • Parcel: LANC M:041.0 B:0000 L:0011.0
  • Lot: 11.0
  • Municipality: LANCASTER
  • Latitude: 42.4393
  • Longitude: -71.6992

    Address

  • Full Address: 357 Sterling Rd
  • Address - House Number: 357
  • 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: 2024
  • Tax Amount: $0

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,047,900
  • Assessed Land Value: $112,400
  • Assessed Improvements Value: $1,935,500

    Sales

  • Current Sale Recording Date: Jan 02, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000403
  • Previous Sale Recording Date: May 16, 2005
  • Previous Sale Amount: $490,000
  • 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 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70462697

Frequently Asked Questions

When was property at 357 Sterling Road built and last sold?
The property at 357 Sterling Road was built in 1900 and last sold on Jan 1, 1970 for $650,000.
How much is this home worth?
The estimated value of the home located at 357 Sterling Road is $797,825.
What are some comparable homes to 357 Sterling Road?
There are currently no comparable homes to 357 Sterling Road.
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