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Arlington 02476 Arlington Heights
56 Lancaster Road
$750,000
● House - Off Market

56 Lancaster Road

Arlington, MA 02476
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,788 Ft²
$688,091
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Wonderful opportunity for builder or handy homeowner! Located right over the Lexington line in the desirable Arlington Heights, among many improved and renovated homes, on a sweet level lot. The neighborhood is fantastic, located right off Mass Ave, and the house is nearby the neighborhood playground. The floorplan is a classic, 4 bedrooms upstairs, a first floor living room and family room, laundry/bath immediately off the eat in kitchen. Fenced in yard, with a garden shed, and a welcoming front porch. A lovely place to renovate or start fresh. Bring your tool belt and your ideas! OH Sat 12-2 and Sunday 12-1.30.
Unit Size
1,788 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$380
Property Type
House
Property Taxes
$629
HOA Dues
-
Year Built
1921

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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 #72960034)

Price History

Date / Event Date Event Price
May 17, 2022 Sold
Premium
Sold
Mar 31, 2022 Listed by Barrett Sotheby's International Realty $679,000
Listed by Barrett Sotheby's International Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,622
  • Total Building Area: 1,788
  • Gross Building Area: 2,694
  • Building Area: 1,788
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,788
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000106
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356500

Zoning

  • Zoning: R1

Geography

  • Account Number: 118161
  • Parcel: ARLI M:176.0 B:0003 L:0016
  • Block: 3
  • Lot: 16
  • Municipality: ARLINGTON
  • Latitude: 42.4234
  • Longitude: -71.1918

    Address

  • Full Address: 56 Lancaster Rd
  • Address - House Number: 56
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Arlington
  • Carrier Code: C028
  • 4-Digit Zip Code: 5641
  • Zip Code: 02476

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $781,000

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 918,305
  • High Value: 1,079,302
  • Low Value: 757,308

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $737,500
  • Assessed Land Value: $430,100
  • Assessed Improvements Value: $307,400

    Sales

  • Current Sale Contract Date: May 16, 2022
  • Current Sale Recording Date: May 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 73899
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 Arlington Heights

Stats & Trends

Median Asking:

$1,095,000

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3213 ft²

Average Home Age

53.6 years

Currently For Sale

27 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 months ago
Data Source: MLS PIN, MLS# 72960034

Frequently Asked Questions

When was property at 56 Lancaster Road built and last sold?
The property at 56 Lancaster Road was built in 1921 and last sold on May 16, 2022 for $750,000.
How much is this home worth?
The estimated value of the home located at 56 Lancaster Road is $706,421.
What are some comparable homes to 56 Lancaster Road?
There are currently no comparable homes to 56 Lancaster Road.
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