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South Lancaster 01523
412 South Meadow Road
$379,900
● House - Off Market

412 South Meadow Road

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$560,442
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

LOCATION, LOCATION, LOCATION!!!  Come and view this charming gambrel colonial that has been completely remodeled inside and out. New kitchen with shaker cabinets, high end granite counters and stainless appliances. Huge living room with unique glass fireplace and gleaming dark walnut stained hardwood floors throughout. Inviting family room with slider to back yard. Walk up attic for storage or additional rooms. New heat pump high efficiency state of the art water tank. Cedar closets and 3 good sized bedrooms. All new energy efficient prairie Windows, new  plumbing, updated electric and Recent roof, Walking distance to South Meadow Pond for boating, swimming, fishing and skating. Must see!! Septic in process of being installed.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$223
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1942

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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: 6 months ago (MLSPIN #72475862)

Price History

Date / Event Date Event Price
May 7, 2019 Sold
Premium
Sold
Apr 3, 2019 Listed by Realty Vision $379,900
Listed by Realty Vision
Feb 7, 2018 Sold
Premium
Sold
Nov 10, 2017 Listed by Realty Vision $219,900
Listed by Realty Vision
Sep 30, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 768
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,536
  • Gross Building Area: 1,536
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:044.0 B:0000 L:0065.0
  • Lot: 65.0
  • Municipality: LANCASTER
  • Latitude: 42.423
  • Longitude: -71.7095

    Address

  • Full Address: 412 S Meadow Rd
  • Address - House Number: 412
  • Street Direction: S
  • Address - Street Name: Meadow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R001
  • 4-Digit Zip Code: 1714
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $696,000

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 513,161
  • High Value: 604,172
  • Low Value: 422,149

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $404,900
  • Assessed Land Value: $87,700
  • Assessed Improvements Value: $317,200

    Sales

  • Current Sale Contract Date: May 06, 2019
  • Current Sale Recording Date: May 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40916
  • Previous Sale Recording Date: Feb 07, 2018
  • Previous Sale Amount: $205,000
  • 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 South Lancaster

Stats & Trends

Median Asking:

$509,950

Sale Price/ft²

$302

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1569 ft²

Average Home Age

73 years

Currently For Sale

3 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: 6 months ago
Data Source: MLS PIN, MLS# 72475862

Frequently Asked Questions

When was property at 412 South Meadow Road built and last sold?
The property at 412 South Meadow Road was built in 1942 and last sold on May 6, 2019 for $379,900.
How much is this home worth?
The estimated value of the home located at 412 South Meadow Road is $382,657.
What are some comparable homes to 412 South Meadow Road?
There are currently no comparable homes to 412 South Meadow Road.
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