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South Lancaster 01523
49 Fairview Hill
$320,000
● House - Off Market

49 Fairview Hill

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,111 Ft²
$484,075
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Solid exterior brick ranch home with many updates. Move-in ready.Includes hardwood floors, appliances, fireplace, finished basement, detached garage, exterior shed with water and electricity, large private wooded lot.
Unit Size
1,111 Ft²
Days on Market
-
Land Size
2.76 acres
Price per sqft
$288
Property Type
House
Property Taxes
$411
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 #72347488)

Price History

Date / Event Date Event Price
Aug 2, 2018 Sold
Premium
Sold
Jun 17, 2018 Listed by Acres Away Realty, Inc. $320,000
Listed by Acres Away Realty, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,111
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,223
  • Total Building Area: 1,111
  • Gross Building Area: 1,111
  • Building Area: 1,111
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,111
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001130
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:042.0 B:0000 L:0045.0
  • Lot: 45.0
  • Municipality: LANCASTER
  • Latitude: 42.4378
  • Longitude: -71.6849

    Address

  • Full Address: 49 Fairview Hl
  • Address - House Number: 49
  • Address - Street Name: Fairview
  • Address - Suffix Type: Hl
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 2168
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $590,300

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 462,644
  • High Value: 543,511
  • Low Value: 381,778

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $343,400
  • Assessed Land Value: $102,400
  • Assessed Improvements Value: $241,000

    Sales

  • Current Sale Recording Date: Aug 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 80492
  • Previous Sale Recording Date: Sep 29, 2009
  • 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 South Lancaster

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$298

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1508 ft²

Average Home Age

95 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: 4 months ago
Data Source: MLS PIN, MLS# 72347488

Frequently Asked Questions

When was property at 49 Fairview Hill built and last sold?
The property at 49 Fairview Hill was built in 1948 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 49 Fairview Hill is $323,532.
What are some comparable homes to 49 Fairview Hill?
There are currently no comparable homes to 49 Fairview Hill.
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