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Worcester 01523
863 Main St
$475,000
● House - Off Market

863 Main St

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,290 Ft²
$910,783
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Known as The Laura Burrage House, circa 1885, this Magnificent 11 Room Victorian is located in sought after Historic Town Center.  Features fabulous center foyer with open turned staircase. Double parlors with french doors, dining room with butler pantry, and huge country kitchen. Home has been totally restored and is in move in condition. Detached carriage house and town water and town sewer. There are 2 additional bedrooms on the third floor. Lovely landscaped level lot.  A must see property!
Unit Size
3,290 Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$149
Property Type
House
Property Taxes
$607
HOA Dues
-
Year Built
1885

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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 #71648524)

Price History

Date / Event Date Event Price
Jun 26, 2014 Sold
Premium
Sold
Mar 22, 2014 Listed by Bolton Country Properties $490,000
Listed by Bolton Country Properties
Jan 10, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,146
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,412
  • Total Building Area: 4,002
  • Gross Building Area: 3,923
  • Building Area: 4,002
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 4,002
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000790
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:034.0 B:0000 L:0129.0
  • Lot: 129.0
  • Municipality: LANCASTER
  • Latitude: 42.4591
  • Longitude: -71.6735

    Address

  • Full Address: 863 Main St
  • Address - House Number: 863
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R002
  • 4-Digit Zip Code: 2567
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,092,100

    Appraisal Valuation

  • Standard Deviation: 0.2017
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 858,228
  • High Value: 1,031,368
  • Low Value: 685,088

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $635,300
  • Assessed Land Value: $97,200
  • Assessed Improvements Value: $538,100

    Sales

  • Current Sale Recording Date: Jun 26, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 55750
  • Previous Sale Recording Date: Jan 10, 1992
  • Previous Sale Amount: $175,000
  • 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

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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# 71648524

Frequently Asked Questions

When was property at 863 Main Street built and last sold?
The property at 863 Main Street was built in 1885 and last sold on Jan 1, 1970 for $475,000.
How much is this home worth?
The estimated value of the home located at 863 Main Street is $513,186.
What are some comparable homes to 863 Main Street?
There are currently no comparable homes to 863 Main Street.
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