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Worcester 01462
971 Northfield Rd
$169,900
● Land - Off Market

971 Northfield Rd

Lunenburg, MA 01462
bedrooms
Studio
bathrooms
0 Bath
$228,840
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Build your dream home on this beautiful 2.12 acre lot with a FOUR BEDROOM SEPTIC ALREADY IN PLACE.  This lot is cleared and ready to build.  Beautiful woods at the back of the lot provide an abundance of privacy.  Settler's Crossing premium lot abutting the fairway with gorgeous golf course views.  Land abutting any golf course is almost impossible to find.  This lot is a rare opportunity to build your dream home or for a builder to maximize their potential profit with a location that could not be beat.  This is truly a WONDERFUL AND RARE OPPORTUNITY.  Four (4) bedroom septic is already in place (see septic design and possible house plan under the paper clip).
Unit Size
-
Days on Market
-
Land Size
2.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$170
HOA Dues
-
Year Built
-

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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 #72773163)

Price History

Date / Event Date Event Price
Feb 12, 2021 Sold
Premium
Sold
Jan 9, 2021 Listed by Sterling Property Group $179,900
Listed by Sterling Property Group
Apr 1, 2019 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 92,197
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000002117
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: RA

Geography

  • Account Number: 1620370000900010
  • Parcel: LUNE M:037.0 B:0009 L:0001.0
  • Block: 9
  • Lot: 1.0
  • Municipality: LUNENBURG
  • Latitude: 42.6069
  • Longitude: -71.7571

    Address

  • Full Address: 971 Northfield Rd
  • Address - House Number: 971
  • Address - Street Name: Northfield
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R003
  • 4-Digit Zip Code: 1036
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $197,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,900
  • Assessed Land Value: $134,900

    Sales

  • Current Sale Contract Date: Feb 10, 2021
  • Current Sale Recording Date: Feb 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3158
  • Previous Sale Recording Date: Apr 01, 2019
  • Previous Sale Contract Date: Mar 18, 2019
  • Previous Sale Amount: $139,000
  • 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 Worcester

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2378 ft²

Average Home Age

64.6 years

Currently For Sale

2018 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: 5 months ago
Data Source: MLS PIN, MLS# 72773163

Frequently Asked Questions

When was property at 971 Northfield Road built and last sold?
The property at 971 Northfield Road was built in and last sold on Feb 10, 2021 for $169,900.
How much is this home worth?
The estimated value of the home located at 971 Northfield Road is $181,699.
What are some comparable homes to 971 Northfield Road?
There are currently no comparable homes to 971 Northfield Road.
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