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South Lancaster 01561
94 Bennett Ln
$359,000
● House - Off Market

94 Bennett Ln

Lancaster, MA 01523
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,092 Ft²
$357,663
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Get ready to fall in love with this "cute as a button" gambrel colonial. A mini "country estate", surrounded by private, fenced in grounds, the property also includes a detached, heated garage/workshop and a separate storage shed. As you enter the house through the heated sunroom, you will be impressed by the updated kitchen featuring maple cabinets, stainless appliances, gas cooktop, and large island/eating bar.  A half bath is adjacent to the kitchen.  The light filled living room features hardwood flooring and a staircase to the second floor.  The upstairs includes two freshly carpeted bedrooms and a full, tiled bathroom.  The home is serviced by town water and sewer and is heated by natural gas.  A large wood deck overlooks the yard and garden areas. This is a great starter home in a highly desirable town.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$325
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1928

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72962939)

Price History

Date / Event Date Event Price
May 17, 2022 Sold
Premium
Sold
Apr 6, 2022 Listed by Coldwell Banker Realty - Sudbury $354,900
Listed by Coldwell Banker Realty - Sudbury
Feb 22, 2019 Sold
Premium
Sold
Jan 3, 2019 Listed by Coldwell Banker Realty - Sudbury $275,000
Listed by Coldwell Banker Realty - Sudbury
Nov 3, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 224
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,092
  • Gross Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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:038.0 B:0000 L:0070.0
  • Lot: 70.0
  • Municipality: LANCASTER
  • Latitude: 42.4424
  • Longitude: -71.6839

    Address

  • Full Address: 94 Bennett Ln
  • Address - House Number: 94
  • Address - Street Name: Bennett
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 1200
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $560,700

    Appraisal Valuation

  • Standard Deviation: 0.2637
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 373,313
  • High Value: 471,758
  • Low Value: 274,868

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $322,600
  • Assessed Land Value: $91,200
  • Assessed Improvements Value: $231,400

    Sales

  • Current Sale Contract Date: May 17, 2022
  • Current Sale Recording Date: May 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54021
  • Previous Sale Recording Date: Feb 22, 2019
  • Previous Sale Contract Date: Feb 08, 2019
  • Previous Sale Amount: $292,500
  • 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72962939

Frequently Asked Questions

When was property at 94 Bennett Lane built and last sold?
The property at 94 Bennett Lane was built in 1928 and last sold on May 17, 2022 for $359,000.
How much is this home worth?
The estimated value of the home located at 94 Bennett Lane is $352,951.
What are some comparable homes to 94 Bennett Lane?
There are currently no comparable homes to 94 Bennett Lane.
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