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Worcester 01523
388 George Hill Rd
Photo of 388 George Hill Rd
Sold on Aug 31, 2011

1

Map

$237,500
● House - Off Market

388 George Hill Rd

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,192 Ft²
$553,873
RealtyHop Estimate
121.64%
Since Sep 1, 2011
National-US
Primary Model

About This Property

Open, Bright & Happy best describe this cheery ranch style home sited on large country lot in desirable neighborhood. Kitchen, dining & living rooms all flow together as one large comfortable living space & feature gleaming hardwood floors, brick fireplace & built in cabinetry. Sprawling lawns & grounds offer privacy & space for outdoor activities. Laundry/mudroom leads to the oversized, attached 2 car garage w/ tons of storage & direct access to the walkout basement. This home is move in ready!
Unit Size
1,192 Ft²
Days on Market
-
Land Size
1.42 acres
Price per sqft
$210
Property Type
House
Property Taxes
$420
HOA Dues
-
Year Built
1967

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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: 2 months ago (MLSPIN #71255043)

Price History

Date / Event Date Event Price
Jul 21, 2022 Sold
Premium
Sold
Jul 10, 2022 Listed by Coldwell Banker Residential Brokerage - Bolton $475,000
Listed by Coldwell Banker Residential Brokerage - Bolton
Aug 31, 2011 Sold
Premium
Sold
Jun 28, 2011 Listed by Coldwell Banker Residential Brokerage - Bolton $249,900
Listed by Coldwell Banker Residential Brokerage - Bolton
Sep 9, 2003 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,192
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 61,855
  • Total Building Area: 1,192
  • Gross Building Area: 1,192
  • Building Area: 1,192
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,192
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANCASTER
  • Land Acres: 0000001420
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:037.0 B:0000 L:0021.0
  • Lot: 21.0
  • Municipality: LANCASTER
  • Latitude: 42.4496
  • Longitude: -71.6947

    Address

  • Full Address: 388 George Hill Rd
  • Address - House Number: 388
  • Address - Street Name: George Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2158
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $658,500

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 499,043
  • High Value: 586,272
  • Low Value: 411,815

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,100
  • Assessed Land Value: $143,100
  • Assessed Improvements Value: $240,000

    Sales

  • Current Sale Contract Date: Jul 21, 2022
  • Current Sale Recording Date: Jul 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 79950
  • Previous Sale Recording Date: Aug 31, 2011
  • Previous Sale Amount: $237,500
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2387 ft²

Average Home Age

63.7 years

Currently For Sale

2106 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 months ago
Data Source: MLS PIN, MLS# 71255043

Frequently Asked Questions

When was property at 388 George Hill Road built and last sold?
The property at 388 George Hill Road was built in 1967 and last sold on Jul 21, 2022 for $475,000.
How much is this home worth?
The estimated value of the home located at 388 George Hill Road is $463,894.
What are some comparable homes to 388 George Hill Road?
There are currently no comparable homes to 388 George Hill Road.
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