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Worcester 01523
5-Lot 9 Oetman Way
$492,500
● House - Off Market

5-Lot 9 Oetman Way

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,732 Ft²
$934,384
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model

About This Property

New to the market home under construction.  8 rooms, 4 bedrooms, 2 1/2 bath with a two car attached garage colonial on a nice flat lot. Inviting farmers porch with impressive white columns. Hardyplank siding. Never have to touch it again.  9' first floor ceilings.  Hardwood floors on the first floor, tiled baths, granite kitchen counter tops. Large master suite with a hugh bathroom and closet. Second floor laundry. Large family room, propane fireplace with windows on each side. Town water and sewer.
Unit Size
2,732 Ft²
Days on Market
-
Land Size
3.05 acres
Price per sqft
$183
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2014

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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 #71562090)

Price History

Date / Event Date Event Price
May 22, 2014 Sold
Premium
Sold
Jul 30, 2013 Listed by Keller Williams Realty North Central $499,900
Listed by Keller Williams Realty North Central

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 8
  • 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: 1,298
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 132,858
  • Total Building Area: 2,860
  • Gross Building Area: 2,860
  • Building Area: 2,860
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,860
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003050
  • 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:0060.G
  • Lot: 60.G
  • Municipality: LANCASTER
  • Latitude: 42.4445
  • Longitude: -71.6958

    Address

  • Full Address: 5 Oetman Way
  • Address - House Number: 5
  • Address - Street Name: Oetman
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R001
  • 4-Digit Zip Code: 2866
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,213,100

    Appraisal Valuation

  • Standard Deviation: 0.1599
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 902,713
  • High Value: 1,047,103
  • Low Value: 758,322

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $705,700
  • Assessed Land Value: $156,300
  • Assessed Improvements Value: $549,400

    Sales

  • Current Sale Recording Date: May 22, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 43118

    Financing

  • First Mortgage Financing Type: UNK
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

2426 ft²

Average Home Age

63.1 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71562090

Frequently Asked Questions

When was property at 5 Oetman Way built and last sold?
The property at 5 Oetman Way was built in 2014 and last sold on Jan 1, 1970 for $492,500.
How much is this home worth?
The estimated value of the home located at 5 Oetman Way is $516,074.
What are some comparable homes to 5 Oetman Way?
There are currently no comparable homes to 5 Oetman Way.
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