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Worcester 01523
4 Heritage Lane
$350,000
● House - Off Market

4 Heritage Lane

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,200 Ft²
$726,700
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

Fantastic value! Spacious new 4 bedroom Colonial almost complete in desirable George Hill Rd area. Ideal setting on quiet dead end way, this 2+ acre property offers country living surrounded by beautiful fields, farmland and horse properties, yet only minutes to town center, schools and commuter rtes. Interior is substantially finished. Central air, hardwood and tile, walk out basement; walk-up attic;  Town water and sewer. Call for more details. 30 to 60 days to close possible.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
2.16 acres
Price per sqft
$164
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2012

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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 #71389637)

Price History

Date / Event Date Event Price
Apr 4, 2013 Sold
Premium
Sold
May 29, 2012 Listed by Coldwell Banker Residential Brokerage - Bolton $359,900
Listed by Coldwell Banker Residential Brokerage - Bolton

Property Highlights

Parking Available
Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 1,132
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 94,090
  • Total Building Area: 2,273
  • Gross Building Area: 2,273
  • Building Area: 2,273
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,273
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002160
  • 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:0017.A
  • Lot: 17.A
  • Municipality: LANCASTER
  • Latitude: 42.4486
  • Longitude: -71.6938

    Address

  • Full Address: 4 Heritage Ln
  • Address - House Number: 4
  • Address - Street Name: Heritage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2160
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $828,400

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 622,486
  • High Value: 722,192
  • Low Value: 522,781

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $481,900
  • Assessed Land Value: $111,000
  • Assessed Improvements Value: $370,900

    Sales

  • Current Sale Recording Date: Apr 04, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40114
  • Previous Sale Recording Date: Apr 04, 2013
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: O
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

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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: 4 months ago
Data Source: MLS PIN, MLS# 71389637

Frequently Asked Questions

When was property at 4 Heritage Lane built and last sold?
The property at 4 Heritage Lane was built in 2012 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 4 Heritage Lane is $374,271.
What are some comparable homes to 4 Heritage Lane?
There are currently no comparable homes to 4 Heritage Lane.
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