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Worcester 01462
707 Lancaster Avenue
$329,900
● House - Off Market

707 Lancaster Avenue

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,104 Ft²
$666,125
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

Private expanded cape has lush lawn, perrenials, stone walls & newer 3 level barn, 24x32 w/3 garage bays.  Kitchen w/ granite counters & deep copper sink, 20x20 family room leading to wrap around deck, LR w/HD/WD & FP, 1st fl BR & bath, lower level sun-drenched 20x20 great room w/ hot tub, insulated floors, flows to patio. Central air. Recent blown-in foam insulation cut heating costs in half! Wired for generator.  Call today!
Unit Size
2,104 Ft²
Days on Market
-
Land Size
2.14 acres
Price per sqft
$157
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1992

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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 #71447534)

Price History

Date / Event Date Event Price
Apr 26, 2013 Sold
Premium
Sold
Oct 15, 2012 Listed by RE/MAX Property Promotions $329,900
Listed by RE/MAX Property Promotions
Jun 3, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 9
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 93,199
  • Total Building Area: 1,782
  • Gross Building Area: 4,288
  • Building Area: 1,782
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,782
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002140
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712102

Zoning

  • Zoning: RB

Geography

  • Account Number: 1621100000500000
  • Parcel: LUNE M:110.0 B:0005 L:0000.0
  • Block: 5
  • Municipality: LUNENBURG
  • Latitude: 42.5695
  • Longitude: -71.7105

    Address

  • Full Address: 707 Lancaster Ave
  • Address - House Number: 707
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R003
  • 4-Digit Zip Code: 1520
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $694,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1783
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 586,164
  • High Value: 690,728
  • Low Value: 481,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $474,800
  • Assessed Land Value: $135,100
  • Assessed Improvements Value: $339,700

    Sales

  • Current Sale Recording Date: Apr 26, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jun 03, 1992
  • Previous Sale Amount: $117,467
  • 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:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2381 ft²

Average Home Age

65.5 years

Currently For Sale

1967 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: 6 months ago
Data Source: MLS PIN, MLS# 71447534

Frequently Asked Questions

When was property at 707 Lancaster Avenue built and last sold?
The property at 707 Lancaster Avenue was built in 1992 and last sold on Jan 1, 1970 for $329,900.
How much is this home worth?
The estimated value of the home located at 707 Lancaster Avenue is $347,511.
What are some comparable homes to 707 Lancaster Avenue?
There are currently no comparable homes to 707 Lancaster Avenue.
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