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South Lancaster 01523
51 Kelley Drive
$198,500
● House - Off Market

51 Kelley Drive

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$451,931
RealtyHop Estimate
115.21%
Since Sep 1, 2012
National-US
Primary Model

About This Property

Great location for this pretty Ranch priced well below assessed value! Interior needs some updating, but nice flr plan & good bones make this a fantastic fixer upper! Eat in kitchen, pretty fomrl dining rm, handsome living rm w/ focal point fireplace surrounded by ornate mantle. 3 bedrms includ Master with private bath w/shower; hardwood flrs thruout 1st flr. Oversized 2 car garage; 3 partly finished rooms in LL; double driveways=lots of parking. New roof; septic design in hand.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$150
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1971

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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 #71363839)

Price History

Date / Event Date Event Price
Jun 22, 2021 Sold
Premium
Sold
Apr 23, 2021 Listed by Coldwell Banker Residential Brokerage - Bolton $389,900
Listed by Coldwell Banker Residential Brokerage - Bolton
Aug 10, 2012 Sold
Premium
Sold
Apr 9, 2012 Listed by Coldwell Banker Residential Brokerage - Bolton $210,000
Listed by Coldwell Banker Residential Brokerage - Bolton

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • 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: 1,400
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 1,400
  • Gross Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHN OUIMETTE
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:041.0 B:0000 L:0085.0
  • Lot: 85.0
  • Municipality: LANCASTER
  • Latitude: 42.4354
  • Longitude: -71.7031

    Address

  • Full Address: 51 Kelly Dr
  • Address - House Number: 51
  • Address - Street Name: Kelly
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R001
  • 4-Digit Zip Code: 1959
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $678,500

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 495,830
  • High Value: 582,497
  • Low Value: 409,164

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,700
  • Assessed Land Value: $90,400
  • Assessed Improvements Value: $304,300

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 86642
  • Previous Sale Recording Date: Aug 10, 2012
  • Previous Sale Amount: $198,500
  • 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 South Lancaster

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$307

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1908 ft²

Average Home Age

112 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# 71363839

Frequently Asked Questions

When was property at 51 Kelly Drive built and last sold?
The property at 51 Kelly Drive was built in 1971 and last sold on Jun 22, 2021 for $406,500.
How much is this home worth?
The estimated value of the home located at 51 Kelly Drive is $387,987.
What are some comparable homes to 51 Kelly Drive?
There are currently no comparable homes to 51 Kelly Drive.
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