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Worcester 01523
38 Mill St Ext
Photo of 38 Mill St Ext
Sold on Oct 28, 2009

1

Map

$184,500
● House - Off Market

38 Mill St Ext

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$398,785
RealtyHop Estimate
110.00%
Since Nov 1, 2009
National-US
Primary Model

About This Property

Here it is! Very nice, well built ranch style home on corner lot offers the first time home buyer a great deal to get started! Ideal home also for someone looking to downsize into a nice, clean one level home. Large eatin kitchen, good sized living room, 3 bedrooms and 1 full bath. Attached carport could possibly be converted into a garage. Large level corner lot with frontage on Lee St, offers direct access to a nice neighborhood. NOT banked owned or short sale! Offered to settle estate.
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$183
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
1960

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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 #70917030)

Price History

Date / Event Date Event Price
Oct 28, 2009 Sold
Premium
Sold
May 12, 2009 Listed $189,900
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,040
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:042.0 B:0000 L:0152.0
  • Lot: 152.0
  • Municipality: LANCASTER
  • Latitude: 42.4361
  • Longitude: -71.6757

    Address

  • Full Address: 38 Mill Street Ext
  • Address - House Number: 38
  • Address - Street Name: Mill Street
  • Address - Suffix Type: Ext
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 2002
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $481,500

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 378,800
  • High Value: 450,403
  • Low Value: 307,197

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $280,100
  • Assessed Land Value: $88,600
  • Assessed Improvements Value: $191,500

    Sales

  • Current Sale Recording Date: Oct 28, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00127560
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

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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# 70917030

Frequently Asked Questions

When was property at 38 Mill Street Extension built and last sold?
The property at 38 Mill Street Extension was built in 1960 and last sold on Jan 1, 1970 for $184,500.
How much is this home worth?
The estimated value of the home located at 38 Mill Street Extension is $197,454.
What are some comparable homes to 38 Mill Street Extension?
There are currently no comparable homes to 38 Mill Street Extension.
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