NOT LISTED FOR SALE

402 Oetman Way Lancaster, MA 01523

Estimated Value: $888,000 - $1,113,000

4 Beds
3 Baths
3,781 Sq Ft
$265/Sq Ft Est. Value

Last Sold June 01, 2020

Last sale price $700,000 $185 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,601/month

3 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Central Air
  • Luther Burbank Middle School Rated A-

About This Home

As of June 2020

Builders own stately, brick front colonial home sited on over 2 acres in a small cul de sac neighborhood of nine homes. This custom home was built with all the bells and whistles including a gourmet kitchen with cherry cabinets, granite counters, huge eat at island, Thermador Stainless steel appliances with double wall ovens and gas cooktop. Open and flowing floor plan with large family room that features hardwood floors & brick fireplace. Formal dining room, impressive 2 story foyer, wood paneled office and back staircase are just some of the special features. Upstairs you will find 4 large bedrooms, 2 with an adjoining sitting area and the spacious master suite features its own sitting area, sumptuous master bath and an ENORMOUS walk in closet! The lower level is finished with an exercise room as well as 50' long play room! Long private driveway with a circular turn out to the front door and large parking area near the 3 car garage. Large level, private lot. House is move in ready!

Last Agent to Sell the Property

Rick Freeman

Keller Williams Realty North Central Listed on: 04/04/2020

Keller Williams Realty North Central

Last Buyer's Agent

Kendra Dickinson

Keller Williams Realty North Central

Keller Williams Realty North Central

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,554

Year Built

  • Built in 2005

Lot Details

  • 2.07

Parking

  • 3 Car Garage

Kitchen

  • Built-In Oven
  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Utilities

  • Central Air
  • Hot Water Baseboard Heater
  • Heating System Uses Oil
  • Water Holding Tank
  • Oil Water Heater
  • Private Sewer

Additional Features

  • Deck
  • Sprinkler System
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:037.0 B:0000 L:0060.D

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,554

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Colonial
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 185.14
  • Comp Based On: Net Sale Price
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Fireplaces: 1
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Appliances: Wall Oven, Dishwasher, Countertop Range, Refrigerator
  • No Bedrooms: 4
  • Master Bedroom: On Level: Second Floor
  • Bedroom 2: On Level: Second Floor
  • Bedroom 3: On Level: Second Floor
  • Bedroom 4: On Level: Second Floor
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: First Floor, Bathroom - Half
  • Bathroom 2: On Level: Second Floor
  • Bathroom 3: On Level: Second Floor
  • No Rooms: 9
  • Dining Room: On Level: First Floor
  • Family Room: On Level: First Floor
  • Kitchen: On Level: First Floor
  • Laundry: On Level: First Floor
  • Basement: Y
  • Basement Features: Full
  • Other Room 1: Name: Office, On Level: First Floor
  • Other Room 2: Name: Game Room, On Level: Basement
  • Other Room 3: Name: Exercise Room, On Level: Basement
  • Other Room 4: Name: Sitting Room, On Level: Second Floor
  • Other Room 5: Name: Foyer, On Level: First Floor
  • Main Lo: K95580
  • Main So: K95580
  • Estimated Sq Ft: 3781.00

Exterior Features

  • Construction: Frame
  • Exterior: Clapboard, Brick, Fiber Cement Siding
  • Exterior Features: Deck, Sprinkler System
  • Foundation: Poured Concrete
  • Insulation Feature: Full, Fiberglass

Garage/Parking

  • Parking Feature: Paved Driveway
  • Parking Spaces: 10
  • Garage Parking: Attached, Garage Door Opener
  • Garage Spaces: 3

Utilities

  • Sewer: Private Sewerage
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 200 Amps
  • Cooling: Central Air
  • Cooling Zones: 2
  • Heating: Hot Water Baseboard, Oil
  • Heat Zones: 4
  • Hot Water: Oil, Tank
  • Utility Connections: for Gas Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection

Condo/Co-op/Association

  • Amenities: Shopping, Walk/Jog Trails, Stables, Golf Course, Conservation Area, Highway Access, Private School, Public School

Lot Info

  • Assessments: 733200.00
  • Acre: 2.07
  • Lot Size: 90169.00
  • Parcel Number: M:037.0 B:0000 L:0060.D
  • Zoning: res
  • Lot Description: Paved Drive

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Tax Info

  • Taxes: 14554.00
  • Assessor Parcel Number: 4653648

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2020
Closed on
Jun 1, 2020
Sold by
Melanson Gary and Melanson Helen
Bought by
Bray Michael L
Seller's Agent
Rick Freeman
Keller Williams Realty North Central
Buyer's Agent
Kendra Dickinson
Keller Williams Realty North Central
List Price
$700,000
Sold Price
$700,000
Current Estimated Value
$1,000,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,636
Avg. Annual Appreciation
6.89%
Original Mortgage
$623,000
Outstanding Balance
$553,271
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$447,365

Purchase Details

Closed on
Apr 17, 2007
Sold by
Oetman Linda L
Bought by
Melanson Gary and Melanson Helen
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bray Michael L $700,000 None Available
Melanson Gary -- --
Melanson Gary -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bray Michael L $623,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2020 06/01/20 Sold $700,000 0.0% $185 / Sq Ft
04/07/2020 04/07/20 Pending -- -- --
04/04/2020 04/04/20 For Sale $700,000 -- $185 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,554 $962,500 $170,400 $792,100
2024 $15,585 $892,600 $170,400 $722,200
2023 $14,199 $826,000 $150,400 $675,600
2022 $14,442 $742,500 $147,800 $594,700
2021 $14,226 $712,000 $147,800 $564,200
2020 $14,554 $733,200 $147,800 $585,400
2019 $9,111 $690,000 $147,800 $542,200
2018 $12,949 $648,100 $147,800 $500,300
2016 $11,574 $592,000 $146,400 $445,600
2015 $10,890 $580,500 $146,400 $434,100
2014 $10,815 $571,900 $146,400 $425,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72641526

MLS Property Information Network (MLS PIN)

APN: LANC-000370-000000-000060D