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Worcester 01462
540 Northfield Road
$371,000
● House - Off Market

540 Northfield Road

Lunenburg, MA 01462
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,658 Ft²
$701,910
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

Charming antique with rooms of gracious proportions on 5+ acres. Offering a wonderful floor plan with great flow and warm wood floors, this house has tons of light! Formal living room with fireplace, dining room with two built-ins, large country kitchen with wood stove and new refrigerator and dishwasher. The family room also has a wood stove and gorgeous wide pine floors. A bedroom and full bath with laundry complete the first floor.   Upstairs features four more bedrooms, with wood floors and a full bath.  The 4 stall barn was built in 2010 by Center Hill, including water, electricity, insulated tack room, custom iron work for the stalls, dutch doors leading to runs, and a large hay loft. The pastures have cedar split rail fencing and a there is steel panel round pen. A great offering at an incredible price!
Unit Size
2,658 Ft²
Days on Market
-
Land Size
5.23 acres
Price per sqft
$150
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
1990

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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: 5 months ago (MLSPIN #71888798)

Price History

Date / Event Date Event Price
Feb 16, 2016 Sold
Premium
Sold
Aug 13, 2015 Listed by Keller Williams Realty Boston Northwest $399,000
Listed by Keller Williams Realty Boston Northwest
Mar 16, 2010 Sold
Premium
Sold
Aug 4, 2009 Listed by Keller Williams Realty Boston Northwest $345,543
Listed by Keller Williams Realty Boston Northwest

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 227,668
  • Total Building Area: 2,658
  • Gross Building Area: 4,427
  • Building Area: 2,658
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,658
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLIAM MILLINGTON
  • Land Acres: 0000005227
  • 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: 712101

Zoning

  • Zoning: RA

Geography

  • Account Number: 1620390003100000
  • Parcel: LUNE M:039.0 B:0031 L:0000.0
  • Block: 31
  • Municipality: LUNENBURG
  • Latitude: 42.6103
  • Longitude: -71.7366

    Address

  • Full Address: 540 Northfield Rd
  • Address - House Number: 540
  • Address - Street Name: Northfield
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: C003
  • 4-Digit Zip Code: 1728
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $775,900

    Appraisal Valuation

  • Standard Deviation: 0.1614
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 637,194
  • High Value: 740,062
  • Low Value: 534,327

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $530,700
  • Assessed Land Value: $158,200
  • Assessed Improvements Value: $372,500

    Sales

  • Current Sale Recording Date: Feb 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2527
  • Previous Sale Recording Date: Mar 16, 2010
  • Previous Sale Amount: $330,000
  • 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:

$500,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2384 ft²

Average Home Age

64.6 years

Currently For Sale

2076 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: 5 months ago
Data Source: MLS PIN, MLS# 71888798

Frequently Asked Questions

When was property at 540 Northfield Road built and last sold?
The property at 540 Northfield Road was built in 1990 and last sold on Jan 1, 1970 for $371,000.
How much is this home worth?
The estimated value of the home located at 540 Northfield Road is $399,609.
What are some comparable homes to 540 Northfield Road?
There are currently no comparable homes to 540 Northfield Road.
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