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Worcester 01523
494 Langen Rd
$321,000
● House - Off Market

494 Langen Rd

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,800 Ft²
$602,973
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

Prepare to be impressed with this contemporary multi-level home with four finished levels. Huge detached garage with basement...3-car storage & workshop possibilities!!! Great scenic & country location in sought after George Hill area of Lancaster with a level 2 acre lot and two driveways. Roof new in late 2011; Updated windows; 2 fireplaces; Built-in Bar; Beautiful Hardwood & Slate floors; 3 baths; Central Vac; Invisible dog fence; Cedar closets; Endless custom features. Title 5 is in hand!
Unit Size
2,800 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$116
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71646571)

Price History

Date / Event Date Event Price
Jul 15, 2014 Sold
Premium
Sold
Mar 18, 2014 Listed by RE/MAX Journey $325,000
Listed by RE/MAX Journey
Mar 23, 2010 Sold
Premium
Sold
Jan 17, 2010 Listed by RE/MAX Journey $359,000
Listed by RE/MAX Journey
May 17, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,647
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 1,674
  • Gross Building Area: 2,722
  • Building Area: 1,674
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,674
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:033.0 B:0000 L:0001.0
  • Lot: 1.0
  • Municipality: LANCASTER
  • Latitude: 42.4617
  • Longitude: -71.6875

    Address

  • Full Address: 494 Langen Rd
  • Address - House Number: 494
  • Address - Street Name: Langen
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2529
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $660,600

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 515,199
  • High Value: 597,720
  • Low Value: 432,678

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $384,300
  • Assessed Land Value: $110,000
  • Assessed Improvements Value: $274,300

    Sales

  • Current Sale Recording Date: Jul 15, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63006
  • Previous Sale Recording Date: Mar 23, 2010
  • Previous Sale Amount: $345,000
  • 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

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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# 71646571

Frequently Asked Questions

When was property at 494 Langen Road built and last sold?
The property at 494 Langen Road was built in 1960 and last sold on Jan 1, 1970 for $321,000.
How much is this home worth?
The estimated value of the home located at 494 Langen Road is $353,902.
What are some comparable homes to 494 Langen Road?
There are currently no comparable homes to 494 Langen Road.
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