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Worcester 01523
578 Mill Street Ext
$427,500
● House - Off Market

578 Mill Street Ext

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,118 Ft²
$399,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Beautiful pastoral 1.69 acres surround this attractive ranch with 2 outbuildings and in-ground pool. The living room is accented with the fireplace and sun streams through the large picture window and opens to dining room, The sunny kitchen offers cooktop and wall oven and access to deck.  Three steps up to the bedroom area with three bedrooms sharing full bath. The lower level has large family room highlighted by fireplace with plenty of room  for family activities. The garage is accessed in this area. A small deck overlooks the grassy acres. The house has solar panels leased from Tesla. Cozy home just waiting for your updating!!!
Unit Size
1,118 Ft²
Days on Market
-
Land Size
1.69 acres
Price per sqft
$358
Property Type
House
Property Taxes
$500
HOA Dues
-
Year Built
1963

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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: 5 months ago (MLSPIN #73169662)

Price History

Date / Event Date Event Price
Nov 29, 2023 Sold
Premium
Sold
Oct 17, 2023 In contract -
In contract
Oct 12, 2023 Listed by Keller Williams Realty North Central $399,900
Listed by Keller Williams Realty North Central

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,100
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 73,616
  • Total Building Area: 1,118
  • Gross Building Area: 1,118
  • Building Area: 1,118
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,118
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001690
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:043.0 B:0000 L:0008.0
  • Lot: 8.0
  • Municipality: LANCASTER
  • Latitude: 42.4384
  • Longitude: -71.6585

    Address

  • Full Address: 578 Mill Street Ext
  • Address - House Number: 578
  • Address - Street Name: Mill Street
  • Address - Suffix Type: Ext
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 2006
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $600,100

    Appraisal Valuation

  • Standard Deviation: 0.0859
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 93
  • Final Value: 408,225
  • High Value: 443,319
  • Low Value: 373,131

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $349,100
  • Assessed Land Value: $107,400
  • Assessed Improvements Value: $241,700

    Sales

  • Current Sale Contract Date: Nov 29, 2023
  • Current Sale Recording Date: Nov 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 100110

    Financing

  • First Mortgage Financing Type: ADJ
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

2387 ft²

Average Home Age

63.7 years

Currently For Sale

2106 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73169662

Frequently Asked Questions

When was property at 578 Mill Street Extension built and last sold?
The property at 578 Mill Street Extension was built in 1963 and last sold on Nov 29, 2023 for $427,500.
How much is this home worth?
The estimated value of the home located at 578 Mill Street Extension is $403,039.
What are some comparable homes to 578 Mill Street Extension?
There are currently no comparable homes to 578 Mill Street Extension.
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