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Worcester 01523
944 George Hill Rd
$485,000
● House - Off Market

944 George Hill Rd

Lancaster, MA 01523
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,624 Ft²
$792,974
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Welcome to the country.  Expansive front yard and drive way leads to a newer (2006) log cabin complete with farmers porches on the front and the rear.  Magnificent stone fireplace all from the land is the focal of the living room.  Open floor concept with beautiful center island with a 4 burner gas cook center with a griddle.  Center island raises up to make for a bar with stools all open to the dining room.   4 bedrooms,  3 up, one down and an office area that could certainly be versatile enough to sleep in.  All natural log made open staircase to second floor.  Stone work master bath off the master.  Enormous basement for future finish or massive storage.  Lancaster is a Right to Farm Community.  See attached ByLaw.
Unit Size
2,624 Ft²
Days on Market
-
Land Size
2.17 acres
Price per sqft
$191
Property Type
House
Property Taxes
$755
HOA Dues
-
Year Built
2006

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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 #72165716)

Price History

Date / Event Date Event Price
Nov 6, 2017 Sold
Premium
Sold
May 17, 2017 Listed by Real Estate Marketplace $499,900
Listed by Real Estate Marketplace

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 1,661
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 94,525
  • Total Building Area: 2,625
  • Gross Building Area: 2,624
  • Building Area: 2,625
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,625
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002170
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: LANC M:037.0 B:0000 L:0029.A
  • Lot: 29.A
  • Municipality: LANCASTER
  • Latitude: 42.4438
  • Longitude: -71.7064

    Address

  • Full Address: 944 George Hill Rd
  • Address - House Number: 944
  • Address - Street Name: George Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lancaster
  • Carrier Code: R004
  • 4-Digit Zip Code: 2925
  • Zip Code: 01523

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,151,900

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 751,870
  • High Value: 885,218
  • Low Value: 618,522

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $670,100
  • Assessed Land Value: $151,000
  • Assessed Improvements Value: $519,100

    Sales

  • Current Sale Recording Date: Nov 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 123739
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

2408 ft²

Average Home Age

62.6 years

Currently For Sale

1996 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# 72165716

Frequently Asked Questions

When was property at 944 George Hill Road built and last sold?
The property at 944 George Hill Road was built in 2006 and last sold on Jan 1, 1970 for $485,000.
How much is this home worth?
The estimated value of the home located at 944 George Hill Road is $514,352.
What are some comparable homes to 944 George Hill Road?
There are currently no comparable homes to 944 George Hill Road.
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