NOT LISTED FOR SALE

762 Main St Lancaster, MA 01523

Estimated Value: $726,000 - $795,000

4 Beds
4.5 Baths
3,856 Sq Ft
$196/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $510,000 $132 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,881/month

8 Days on Market

Highlights

  • City View
  • Deck
  • Jogging Path
  • Luther Burbank Middle School Rated A-
  • Corner Lot
  • 3-minute walk to Nathaniel Thayer Memorial Park

About This Home

As of August 2021

HISTORIC TWO-FAMILY DUPLEX/TOWNHOUSE located in the heart of Lancaster’s Center Village. Originally built in c. circa 1805 as the Carter & Andrews Publishing firm, later in the 1800s renovated into its current configuration w/ virtually mirror image floor plans. The first unit features a welcoming living room, separate dining room, spacious eat-in kitchen w/ access to a private deck, laundry room, plus two bedrooms, one full bath & small attic storage area. The sunny, south side second unit offers an inviting living room, separate dining room, eat-in kitchen w/ private deck, a half bath w/ laundry, plus two bedrooms & a full bath. Access to the large full attic offers potential for expanded living space or storage plus a walk-out basement. Beautifully landscaped yard w/ mature country flower gardening & trees. Short walk to library, post office, town common/hall, churches, playgrounds & schools. Central location on Route 70 w/ easy access to Route 117 & area amenities.

Last Agent to Sell the Property

Lana Kopsala

Coldwell Banker Realty - Leominster Listed on: 07/18/2021

Coldwell Banker Realty - Leominster

Last Buyer's Agent

Cheryl Cowley

Cowley Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,519

Year Built

  • Built in 1800 | Remodeled

Lot Details

  • 0.39 Acre Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Roof

Interior Spaces

  • 3,856 Sq Ft Home
  • Property has 2 Levels
  • Window Screens
  • City Views

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor
  • Block Basement Construction

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating Available
  • Water Heater
  • Private Sewer

Additional Features

  • Deck
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $1,100
  • Rent includes unit 1(water), unit 2(water)
  • Tax Lot 0017
  • Assessor Parcel Number M:034.0 B:0000 L:0017.0,3762741

Community Details

Overview

  • 2 Units
  • Near Conservation Area

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $2,111
  • Water Sewer Expense $633
  • Operating Expense $3,646
  • Net Operating Income $9,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,519

Year Built

Built in 1800 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Property Condition: Unit 1 Remodeled
  • Year Built: 1800
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Pantry,Bathroom With Tub & Shower), Unit 2(Pantry,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Other (See Remarks)), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator), Tank Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Laundry Features: Unit 2 Laundry Room
  • Basement: Full, Walk-Out Access, Interior Entry, Dirt Floor, Concrete
  • Living Area: 3856
  • Stories Total: 4
  • Window Features: Screens
  • MAIN LO: AN6181
  • MAIN SO: D21001

Exterior Features

  • Exterior Features: Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Construction Materials: Frame, Brick
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Wood
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Private Sewer
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Electric Baseboard,Hot Water Radiators,Oil), Unit 2(Electric Baseboard,Hot Water Radiators,Oil)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Community Features: Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, Private School, Public School, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 633

Lot Info

  • Parcel Number: M:034.0 B:0000 L:0017.0,3762741
  • Zoning: RES
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.39
  • Lot Size Sq Ft: 16988.4
  • Lot Size Units: Acres
  • LOT SIZE: 16988

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10519
  • Tax Block: 0000
  • Tax Lot: 0017

Multi Family

  • Insurance Expense: 2111
  • Net Operating Income: 9554
  • Number Of Units Total: 2
  • Operating Expense: 3646
  • Total Actual Rent: 1100
  • LEVELS 1: 2
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 1992
Sold by
Gilmore John
Bought by
Fletcher Stephen
Current Estimated Value
$755,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fletcher Stephen $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fletcher Stephen $214,500
Closed Fletcher Stephen $150,000
Closed Fletcher Stephen $80,500
Previous Owner Fletcher Stephen $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $510,000 -2.9% $132 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/18/2021 07/18/21 For Sale $525,000 -- $136 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $10,425 $645,100 $105,800 $539,300
2024 $9,084 $520,300 $98,500 $421,800
2023 $8,470 $492,700 $89,600 $403,100
2022 $8,869 $456,000 $92,900 $363,100
2021 $8,593 $430,100 $92,900 $337,200
2020 $6,777 $341,400 $92,900 $248,500
2019 $6,804 $344,500 $92,900 $251,600
2018 $6,769 $338,800 $92,900 $245,900
2016 $6,397 $327,200 $92,100 $235,100
2015 $6,086 $324,400 $92,100 $232,300
2014 $6,284 $332,300 $92,100 $240,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72867523

MLS Property Information Network (MLS PIN)

APN: LANC-000340-000000-000170