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Worcester 01523
663 Sterling Rd
$387,500
● House - Off Market

663 Sterling Rd

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,092 Ft²
$2,481
Est. Monthly

About This Property

Welcome Home. Located in the charming town of Lancaster you will find a recently updated 2 BDM, 1.5 Bath Ranch that is ready to enjoy for the Holidays.  The open concept kitchen is spacious and offers stainless steel appliances, wood countertops, and plenty of cabinet space. The property boasts a spacious 2 car garage, providing ample parking and storage space. Inside, the house features new vinyl flooring throughout, adding warmth and elegance to each room. Each room has been freshly painted.  The inclusion of rented solar panels not only reduces energy costs but also promotes sustainable living. Additionally, the basement of this home has been prepped to be finished, allowing for potential expansion and customization. The back yard is spacious and is ready for entertaining. Roof was installed in 2018.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$366
Property Type
House
Property Taxes
$516
HOA Dues
-
Year Built
1972

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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 #73178200)

Price History

Date / Event Date Event Price
Feb 9, 2024 Sold
Premium
Sold
Jan 4, 2024 In contract -
In contract
Dec 26, 2023 Price Decreased $400,000
↓ $49K (10.9%)
Price Decreased
Dec 15, 2023 Price Decreased $449,088
↓ $9K (2%)
Price Decreased
Dec 11, 2023 Price Decreased $458,000
↓ $12K (2.5%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 932
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 1,092
  • Gross Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:040.0 B:0000 L:0022.0
  • Lot: 22.0
  • Municipality: LANCASTER
  • Latitude: 42.4397
  • Longitude: -71.7071

    Address

  • Full Address: 663 Sterling Rd
  • Address - House Number: 663
  • Address - Street Name: Sterling
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2910
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $619,400

    Appraisal Valuation

  • Standard Deviation: 0.0853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 450,359
  • High Value: 488,798
  • Low Value: 411,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,300
  • Assessed Land Value: $90,400
  • Assessed Improvements Value: $269,900

    Sales

  • Current Sale Contract Date: Feb 09, 2024
  • Current Sale Recording Date: Feb 09, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10353
  • Previous Sale Recording Date: Sep 15, 1988
  • Previous Sale Amount: $157,000
  • 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:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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# 73178200

Frequently Asked Questions

When was property at 663 Sterling Road built and last sold?
The property at 663 Sterling Road was built in 1972 and last sold on Feb 9, 2024 for $387,500.
How much is this home worth?
The estimated value of the home located at 663 Sterling Road is $399,773.
What are some comparable homes to 663 Sterling Road?
There are currently no comparable homes to 663 Sterling Road.
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