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Worcester 01462
505 Lancaster Ave
Photo of 505 Lancaster Ave

27

Map

Photo of 505 Lancaster Ave
Photo of 505 Lancaster Ave
$315,000
● House - For Sale

505 Lancaster Ave

Lunenburg, MA 01462
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1,072 Ft²
$1,896
Est. Monthly

About This Property

Cute as can be and full of potential! This adorable home is just waiting for someone to give it a little love. Features include beautiful hardwood floors, an open kitchen, dining and living area with plenty of natural light, and a main-level bedroom. The finished lower level offers additional flexible living space, including a room that could serve as a second bedroom, home office or hobby room. Step outside to enjoy the spacious deck overlooking a nice backyard, complete with a shed for extra storage. Great commuter location, too! With a little TLC and your own personal touches, this charming home could really shine. A wonderful opportunity to make it your own!
Unit Size
1,072 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$294
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1988

Listed By

Linda Anderson
[email protected]
Keller Williams Realty North Central

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Cap Rate Calculator

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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 days ago (MLSPIN #73597387)

Price History

Date / Event Date Event Price
Nov 1, 2026 Listed by Keller Williams Realty North Central $315,000
Listed by Keller Williams Realty North Central
Apr 11, 2022 Sold
Premium
Sold
Feb 23, 2022 Listed by Keller Williams Realty North Central $299,900
Listed by Keller Williams Realty North Central
Jul 28, 2017 Sold
Premium
Sold
Nov 18, 2014 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Parking Details
Parking Features: Off Street
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 1
Appliances: Water Heater, Range, Dishwasher, Refrigerator
Flooring Type: Wood, Laminate
Laundry Features: In Basement, Electric Dryer Hookup, Washer Hookup
Rooms: 5
Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
Exterior Details
Square Footage: 1072
Architectural Style: Ranch
Year Built Source: Public Records
Year Built: 1988
Building Area Total: 1072
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Lot Features: Level, Sloped
Lot Size Area: 0.31
Lot Size Units: Acres
Lot Size Acres: 0.31
Lot Size Square Feet: 13416
Water Source: Public
Financial Details
Tax Assessed Value: $291,000
Tax Annual Amount: $4,187
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Oil
Sewer : Private Sewer

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,416
  • Total Building Area: 672
  • Gross Building Area: 1,443
  • Building Area: 672
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 672
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000308
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712102

Zoning

  • Zoning: RB

Geography

  • Account Number: 1621010000200000
  • Parcel: LUNE M:101.0 B:0002 L:0000.0
  • Block: 2
  • Municipality: LUNENBURG
  • Latitude: 42.5779
  • Longitude: -71.7133

    Address

  • Full Address: 505 Lancaster Ave
  • Address - House Number: 505
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R003
  • 4-Digit Zip Code: 1514
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $416,100

    Appraisal Valuation

  • Standard Deviation: 0.1979
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 356,836
  • High Value: 427,487
  • Low Value: 286,185

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $284,600
  • Assessed Land Value: $98,100
  • Assessed Improvements Value: $186,500

    Sales

  • Current Sale Contract Date: Apr 11, 2022
  • Current Sale Recording Date: Apr 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 6585
  • Previous Sale Recording Date: Jul 28, 2017
  • Previous Sale Amount: $180,000
  • 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 Worcester

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2368 ft²

Average Home Age

65.5 years

Currently For Sale

1968 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 days ago
Data Source: MLS PIN, MLS# 73597387

Frequently Asked Questions

When was property at 505 Lancaster Avenue built and last sold?
The property at 505 Lancaster Avenue was built in 1988 and last sold on Apr 11, 2022 for $295,000.
How much is this home worth?
The estimated value of the home located at 505 Lancaster Avenue is $318,934.
What are some comparable homes to 505 Lancaster Avenue?
There are currently no comparable homes to 505 Lancaster Avenue.
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