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Worcester 01523
73 Nicholas Dr
$630,000
● House - Off Market

73 Nicholas Dr

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,946 Ft²
$634,210
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Meticulously maintained 2 bedroom home in Eagle Ridge, Lancaster's premier 55+ Active Adult Community. This detached single family ranch home on a premium lot offers one level living at its finest. Gleaming hardwood floors, 9 ft. ceilings, formal dining room, kitchen with granite counters and eating area, spacious living room with gas fireplace and access to the back yard. The master suite features a walk-in closet and full bath with dual sink vanity & jetted tub. A second bedroom, full bath & office with pocket doors complete the 1st floor. An expansive unfinished lower level with high ceilings offers excellent expansion potential. Central AC and central vac, large 2 car garage, reeds ferry shed, beautiful backyard with composite deck and patio area is perfect for relaxing. Make your appointment today!
Unit Size
1,946 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$319
Property Type
House
Property Taxes
$778
HOA Dues
$75
Year Built
2010

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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: 5 months ago (MLSPIN #72981530)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
May 13, 2022 Listed by Karen Packard Real Estate Inc. $619,900
Listed by Karen Packard Real Estate Inc.
Aug 7, 2019 Sold
Premium
Sold
Jan 13, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 6
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,946
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,946
  • Gross Building Area: 1,946
  • Building Area: 1,946
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,946
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLE RDG ESTATES
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:036.0 B:0000 L:0017.D
  • Lot: 17.D
  • Municipality: LANCASTER
  • Latitude: 42.4482
  • Longitude: -71.7145

    Address

  • Full Address: 73 Nicholas Dr
  • Address - House Number: 73
  • Address - Street Name: Nicholas
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2963
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $943,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1629
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 671,459
  • High Value: 780,869
  • Low Value: 562,049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $548,800
  • Assessed Land Value: $49,700
  • Assessed Improvements Value: $499,100

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 77883
  • Previous Sale Recording Date: Aug 07, 2019
  • Previous Sale Contract Date: Aug 07, 2019
  • Previous Sale Amount: $480,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$499,999

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2393 ft²

Average Home Age

64.7 years

Currently For Sale

2091 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: 5 months ago
Data Source: MLS PIN, MLS# 72981530

Frequently Asked Questions

When was property at 73 Nicholas Drive built and last sold?
The property at 73 Nicholas Drive was built in 2010 and last sold on Jul 15, 2022 for $630,000.
How much is this home worth?
The estimated value of the home located at 73 Nicholas Drive is $624,527.
What are some comparable homes to 73 Nicholas Drive?
There are currently no comparable homes to 73 Nicholas Drive.
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