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Worcester 01523
60 Fire Road 1
$402,000
● House - Off Market

60 Fire Road 1

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,938 Ft²
$906,724
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model

About This Property

CRYSTAL CLEAR SPECTACLE POND WATERFRONT PROPERTY BEING OFFERED FOR THE FIRST TIME!  Spectacle Pond is a private non-motorized body of water rated one of the top 10 cleanest lakes/ponds in MA offering transparency up to 19'. This unique, hard to find rambling ranch sits at the water's edge with sparkling sweeping views from all rooms.  Top location for all commuter routes, commuter "T" and a top rated school district, Nashoba Regional. Quiet & serene with two acres of natural, mature landscaping.
Unit Size
1,938 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$217
Property Type
House
Property Taxes
$596
HOA Dues
-
Year Built
1970

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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: 6 months ago (MLSPIN #71386498)

Price History

Date / Event Date Event Price
Nov 30, 2012 Sold
Premium
Sold
May 21, 2012 Listed by Acres Away Realty, Inc. $419,900
Listed by Acres Away Realty, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,854
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,991
  • Total Building Area: 2,163
  • Gross Building Area: 2,163
  • Building Area: 2,163
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,163
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002020
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:004.0 B:0000 L:0019.0
  • Lot: 19.0
  • Municipality: LANCASTER
  • Latitude: 42.5175
  • Longitude: -71.6882

    Address

  • Full Address: 60 Fire Rd 1
  • Address - House Number: 60
  • Address - Street Name: Fire Rd 1
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R002
  • 4-Digit Zip Code: 3040
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,065,700

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 771,869
  • High Value: 895,502
  • Low Value: 648,237

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $663,900
  • Assessed Land Value: $220,100
  • Assessed Improvements Value: $443,800

    Sales

  • Current Sale Recording Date: Nov 30, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000014
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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71386498

Frequently Asked Questions

When was property at 60 Fire Road 1 built and last sold?
The property at 60 Fire Road 1 was built in 1970 and last sold on Jan 1, 1970 for $402,000.
How much is this home worth?
The estimated value of the home located at 60 Fire Road 1 is $430,910.
What are some comparable homes to 60 Fire Road 1?
There are currently no comparable homes to 60 Fire Road 1.
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