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South Lancaster 01523
62 Sterling St
Photo of 62 Sterling St
Sold on Jul 1, 2025

42

Map

Photo of 62 Sterling St
Photo of 62 Sterling St
$615,000
● House - Off Market

62 Sterling St

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,071 Ft²
$3,345
Est. Monthly
3.29%
Cap Rate

About This Property

Remodeled Village Colonial brimming w/ exceptional updates, timeless charm & enduring economic benefits! Fall in love with the 2022 center island chef's kitchen-a culinary haven featuring plentiful cabinetry, a convection oven w/ air fryer, 5-burner gas range, pot filler & beverage chiller. Experience your very own stay-cation retreat! Entertain w/ ease in the show-stopper outdoor compound boasting a heated saltwater inground pool, expansive covered patios, outdoor shower & cozy fire pit area perfect for s'mores under the stars. A versatile guest house offers endless possibilities for work, play, or extended stay. A discreet seller-owned solar array keeps costs low & offers seasonal income. Ask about the 2.25% ASSUMABLE MORTGAGE! Enjoy the peace of mind of a 50-year roof, recent windows, heat & hot water, updated plumbing/electrical, whole house insulation, low maintenance vinyl siding & Generac generator. This rare gem masterfully blends lifestyle, efficiency & enduring quality.
Unit Size
2,071 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$278
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1900

Payment Calculator

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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: 2 years ago (MLSPIN #73356865)

Price History

Date / Event Date Event Price
Jul 1, 2025 Sold
Premium
Sold
Apr 17, 2025 In contract -
In contract
Apr 9, 2025 Listed $575,000
Listed
Nov 1, 2000 Sold
Premium
Sold
Aug 14, 2000 Listed $194,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 672
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 24,829
  • Total Building Area: 1,796
  • Gross Building Area: 1,796
  • Building Area: 1,796
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,796
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AMOS WILFRED MALANSON
  • Land Acres: 0000000570
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:045.0 B:0000 L:0058.0
  • Lot: 58.0
  • Municipality: LANCASTER
  • Latitude: 42.4269
  • Longitude: -71.7025

    Address

  • Full Address: 62 Sterling St
  • Address - House Number: 62
  • Address - Street Name: Sterling
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R001
  • 4-Digit Zip Code: 1947
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $591,200

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 482,852
  • High Value: 568,488
  • Low Value: 397,216

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $343,900
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $258,900

    Sales

  • Current Sale Recording Date: Nov 01, 2000
  • Current Sale Price:
    Premium
  • Current 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 South Lancaster

Stats & Trends

Median Asking:

$489,900

Sale Price/ft²

$302

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1631 ft²

Average Home Age

115.5 years

Currently For Sale

4 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: 2 years ago
Data Source: MLS PIN, MLS# 73356865

Frequently Asked Questions

When was property at 62 Sterling Street built and last sold?
The property at 62 Sterling Street was built in 1900 and last sold on Jan 1, 1970 for $191,225.
How much is this home worth?
The estimated value of the home located at 62 Sterling Street is $570,036.
What are some comparable homes to 62 Sterling Street?
There are currently no comparable homes to 62 Sterling Street.
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