62 Lancaster St Fitchburg, MA 01420
South Fitchburg Neighborhood
5
Beds
3
Baths
3,069
Sq Ft
0.59
Acres
Highlights
- Golf Course Community
- 0.59 Acre Lot
- Attic
- Medical Services
- Property is near public transit
- Solid Surface Countertops
About This Home
As of September 2024Fully rented 3-unit property with paying tenants! This building offers low maintenance and overhead costs. Each of the 3 units features separate electric and gas heating systems, ensuring efficiency. Minimal grounds upkeep is required. Ample parking with 6 spaces for tenants and additional parking for guests in a separate parking area. Units have undergone renovations, including new kitchen cabinets, countertops, and tile flooring in kitchens and bathrooms, along with new stairs, fence and roof. 2 units have 2 bedrooms and the 3rd unit has 3 bedroom with 2 levels. Conveniently located just off Rte 12 for convenient access to Rte 2, commuter train, local restaurants, shopping and local recreational spots.
Last Agent to Sell the Property
Coldwell Banker Realty - Leominster Listed on: 07/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,235
Year Built
- Built in 1900
Lot Details
- 0.59 Acre Lot
- Level Lot
Home Design
- Triplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,069 Sq Ft Home
- Ceiling Fan
- Living Room
- Tile Flooring
- Attic
Kitchen
- Range
- Solid Surface Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Partially Finished Basement
- Partial Basement
- Interior Basement Entry
- Block Basement Construction
Parking
- 6 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Shed
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $4,475
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Tax Block 00031
- Assessor Parcel Number M:0109 B:0031 L:0,1508298
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Golf Course Community
Building Details
- Electric Expense $414
- Insurance Expense $1,508
- Water Sewer Expense $2,170
- Operating Expense $6,729
- Net Operating Income $46,971
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 24, 2010
Sold by
Us Bk
Bought by
Botwinik Dan H
Current Estimated Value
Purchase Details
Closed on
Jun 12, 2006
Sold by
Doucette Alyre J and Doucette Catherine M
Bought by
Ludwick Albert F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,600
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Fitchburg, MA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $90,000 | -- | |
| Deed | -- | -- | |
| Deed | $90,000 | -- | |
| Deed | $237,000 | -- | |
| Deed | $237,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $523,346 | FHA | |
| Closed | $523,346 | FHA | |
| Closed | $96,000 | New Conventional | |
| Closed | $722,250 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $189,600 | Purchase Money Mortgage | |
| Previous Owner | $47,400 | No Value Available | |
| Previous Owner | $60,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2024 09/13/24 | Sold | $533,000 | +8.8% | $174 / Sq Ft |
| 07/23/2024 07/23/24 | Pending | -- | -- | -- |
| 07/16/2024 07/16/24 | For Sale | $489,900 | -- | $160 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $58 | $429,200 | $93,200 | $336,000 |
| 2024 | $5,235 | $353,500 | $65,000 | $288,500 |
| 2023 | $4,796 | $299,400 | $42,900 | $256,500 |
| 2022 | $4,272 | $242,600 | $37,700 | $204,900 |
| 2021 | $3,973 | $208,800 | $23,300 | $185,500 |
| 2020 | $3,751 | $190,300 | $19,100 | $171,200 |
| 2019 | $2,860 | $139,600 | $26,500 | $113,100 |
| 2018 | $2,588 | $123,200 | $24,400 | $98,800 |
| 2017 | $2,461 | $114,500 | $22,300 | $92,200 |
| 2016 | $2,465 | $116,100 | $22,300 | $93,800 |
| 2015 | $2,420 | $117,000 | $23,300 | $93,700 |
| 2014 | $2,382 | $120,100 | $23,300 | $96,800 |
Source: Public Records
Agents Affiliated with this Home
-
Lana Kopsala
Seller's Agent in 2024
Lana Kopsala
Coldwell Banker Realty - Leominster
(978) 855-9112
14 in this area
382 Total Sales
-
Olivares & Molina Team
Buyer's Agent in 2024
Olivares & Molina Team
Realty One Group Nest
(978) 326-9200
1 in this area
370 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73265405
APN: FITC-000109-000031
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