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Worcester 01523
83 Shannon Way
$371,110
● House - Off Market

83 Shannon Way

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$838,319
RealtyHop Estimate
126.63%
Since Sep 1, 2003
National-US
Primary Model

About This Property

EAGLE RIDGE AT LANCASTER.  PREMIER OVER 55+ ACTIVE ADULT COMMUNITY OFFERS REAGAN DESIGN W/HUGE KITCH, FML D/R W/HRDWD SEP LAUNDRYRM. INCLUDED ARE SUCH FEATURES: TILE FLR C/AIR, MBATH W/JETTED TUBS, MOLDINGS, PVD DRWY, 2C GAR
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$185
Property Type
House
Property Taxes
-
HOA Dues
$118
Year Built
2003

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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 years ago (MLSPIN #30692673)

Price History

Date / Event Date Event Price
Aug 22, 2003 Sold
Premium
Sold
Feb 26, 2003 Listed by Coldwell Banker Residential Brokerage - Bolton $369,900
Listed by Coldwell Banker Residential Brokerage - Bolton

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2006
  • 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: 1,945
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,897
  • Total Building Area: 1,945
  • Gross Building Area: 1,945
  • Building Area: 1,945
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,945
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAGLE RDG ESTATES
  • Land Acres: 0000000870
  • 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:0006.X
  • Lot: 6.X
  • Municipality: LANCASTER
  • Latitude: 42.4417
  • Longitude: -71.71

    Address

  • Full Address: 83 Shannon Way
  • Address - House Number: 83
  • Address - Street Name: Shannon
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2952
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $928,800

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 609,727
  • High Value: 711,554
  • Low Value: 507,899

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $540,300
  • Assessed Land Value: $54,000
  • Assessed Improvements Value: $486,300

    Sales

  • Current Sale Recording Date: Aug 22, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00227278
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

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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 years ago
Data Source: MLS PIN, MLS# 30692673

Frequently Asked Questions

When was property at 83 Shannon Way built and last sold?
The property at 83 Shannon Way was built in 2003 and last sold on Jan 1, 1970 for $371,100.
How much is this home worth?
The estimated value of the home located at 83 Shannon Way is $0.
What are some comparable homes to 83 Shannon Way?
There are currently no comparable homes to 83 Shannon Way.
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