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Worcester 01523
391 Langen Rd.
$432,500
● House - Off Market

391 Langen Rd.

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,675 Ft²
$654,385
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Stately Colonial sited on 2.1 impressive acres boasting brick walkways, gardens and grand pool area great for entertaining.  The home is graced with wide pine floors from it's elegant entrance hall, grand front to back living room with fireplace and throughout the second floor.  The Family Room is host to custom built ins, cathedral ceilings, radiant floor heat, fireplace, fabulous wet bar....an absolute show stopper.  Study, four bedrooms and three car detached garage with circular driveway are the finishing touches.  A very unique property awaits.
Unit Size
2,675 Ft²
Days on Market
-
Land Size
2.10 acres
Price per sqft
$162
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
1948

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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 #72334157)

Price History

Date / Event Date Event Price
Jul 23, 2018 Sold
Premium
Sold
May 27, 2018 Listed by Keller Williams Realty North Central $432,500
Listed by Keller Williams Realty North Central
Jul 21, 1989 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,014
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 91,476
  • Total Building Area: 2,675
  • Gross Building Area: 2,675
  • Building Area: 2,675
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,675
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002100
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:029.0 B:0000 L:0004.0
  • Lot: 4.0
  • Municipality: LANCASTER
  • Latitude: 42.4647
  • Longitude: -71.6881

    Address

  • Full Address: 391 Langen Rd
  • Address - House Number: 391
  • Address - Street Name: Langen
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2527
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $831,500

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 613,595
  • High Value: 711,876
  • Low Value: 515,314

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $483,700
  • Assessed Land Value: $110,600
  • Assessed Improvements Value: $373,100

    Sales

  • Current Sale Recording Date: Jul 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 74875
  • Previous Sale Recording Date: Jul 21, 1989
  • Previous Sale Amount: $235,000
  • 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

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# 72334157

Frequently Asked Questions

When was property at 391 Langen Road built and last sold?
The property at 391 Langen Road was built in 1948 and last sold on Jan 1, 1970 for $432,500.
How much is this home worth?
The estimated value of the home located at 391 Langen Road is $450,821.
What are some comparable homes to 391 Langen Road?
There are currently no comparable homes to 391 Langen Road.
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