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South Lancaster 01523
67 Sylvan Road
$428,000
● House - Off Market

67 Sylvan Road

Lancaster, MA 01523
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,506 Ft²
$400,670
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

This property is a great opportunity for someone looking for a move-in ready home in a well established neighborhood. You'll find tasteful updates throughout this recently renovated home. This 3 bedrooms, 2 bath Cape with deck, one car garage with new garage door, walk out basement and recently installed Hardy board siding, roof, exterior doors, pellet stove, hot water heater .refurbished hardwood floors, new upstairs bathroom, & new 3rd bedroom 11.5 x 12.5 adding living area.  All offer will be reviewed 5:00 PM Tuesday May 23th
Unit Size
1,506 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$266
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1947

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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 #73113302)

Price History

Date / Event Date Event Price
Jun 28, 2023 Sold
Premium
Sold
May 24, 2023 In contract -
In contract
May 18, 2023 Listed by Renzi Real Estate $399,999
Listed by Renzi Real Estate
Jan 30, 2019 Sold
Premium
Sold
Dec 4, 2018 Listed by Renzi Real Estate $211,000
Listed by Renzi Real Estate
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 750
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 1,457
  • Gross Building Area: 1,456
  • Building Area: 1,457
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,457
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:037.0 B:0000 L:0071.0
  • Lot: 71.0
  • Municipality: LANCASTER
  • Latitude: 42.4416
  • Longitude: -71.6917

    Address

  • Full Address: 67 Sylvan Rd
  • Address - House Number: 67
  • Address - Street Name: Sylvan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R001
  • 4-Digit Zip Code: 1956
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $541,500

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 417,316
  • High Value: 495,191
  • Low Value: 339,441

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $315,000
  • Assessed Land Value: $82,400
  • Assessed Improvements Value: $232,600

    Sales

  • Current Sale Contract Date: Jun 28, 2023
  • Current Sale Recording Date: Jun 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51069
  • Previous Sale Recording Date: Jan 30, 2019
  • Previous Sale Contract Date: Jan 30, 2019
  • Previous Sale Amount: $211,000
  • Previous Sale Document Type: O
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:

$477,450

Sale Price/ft²

$303

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1681 ft²

Average Home Age

92.8 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73113302

Frequently Asked Questions

When was property at 67 Sylvan Road built and last sold?
The property at 67 Sylvan Road was built in 1947 and last sold on Jun 28, 2023 for $428,000.
How much is this home worth?
The estimated value of the home located at 67 Sylvan Road is $404,306.
What are some comparable homes to 67 Sylvan Road?
There are currently no comparable homes to 67 Sylvan Road.
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