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48 Lancaster Road

48 Lancaster Road, Arlington, MA 02476
Sold Mar 01, 2018
$625,000
$500,000 by Belmont Savings Bank
Mortgage Due Mar 01, 2048
Local assessors in Arlington, MA have categorized 48 Lancaster Road as a residential type of property. The home was built in 1958 and is 66 years old. It was most recently renovated and altered in 1963. The property's lot size has been calculated to be 4,622 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 48 Lancaster Road has a total of 1,368 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source and it is being fueled with oil. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 48 Lancaster Road sold most recently in Jan 1, 1970 for a total of $625,000. If you work out the math, that's approximately a cost of $456.87 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,122 in taxes each year. 48 Lancaster Road was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $672,500. If we break it down further, the land itself was valued at $430,100. Improvements to the property, however, were assessed at a total of $242,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Carport
Off Street Parking

Condition

Level Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 912
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,622
  • Total Building Area: 1,368
  • Gross Building Area: 2,172
  • Building Area: 1,368
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,368
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PLAN 28295A
  • Land Acres: 0.106
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : OMALLEY PETER
  • Current Owner 2: PANCOAST ANNA
  • Previous Owner : MULCAHY MICHAEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356500

Zoning

  • Zoning: R1

Geography

  • Account Number: 116626
  • Parcel: ARLI M:174.0 B:0008 L:0003
  • Block: 8
  • Lot: 3
  • Municipality: ARLINGTON
  • Latitude: 42.4238
  • Longitude: -71.1916

    Address

  • Full Address: 48 Lancaster Rd
  • Address - House Number: 48
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Arlington
  • Carrier Code: C028
  • 4-Digit Zip Code: 5641
  • Zip Code: 02476

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,122

    Appraisal Valuation

  • Standard Deviation: 0.2214
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 926,526
  • High Value: 1,131,737
  • Low Value: 721,316

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: BELMONT SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Mar 01, 2018
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2048

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $672,500
  • Assessed Land Value: $430,100
  • Assessed Improvements Value: $242,400

    Sales

  • Current Sale Recording Date: Mar 01, 2018
  • Current Sale Transaction ID: 11432559245
  • Current Sale Price: $625,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 1782824

    Last Sale Mortgage

  • First Mortgage Lender: BELMONT SAVINGS BANK
  • First Mortgage Transaction Date: Mar 01, 2018
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2048

About Arlington Heights



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Frequently Asked Questions

What neighborhood is 48 Lancaster Road located in?
The 48 Lancaster Road is a located in the neighborhood of Arlington Heights in Arlington Heights, Arlington.
What is the average sales price for listings in 48 Lancaster Road?
The average sales price for units in 48 Lancaster Road is $0 currently.

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