92 Mill St Lancaster, MA 01523
Estimated payment $4,768/month
Highlights
- Golf Course Community
- Community Stables
- Granite Flooring
- Luther Burbank Middle School Rated A-
- Medical Services
- Property is near public transit and schools
About This Home
Price Improvement — Seller Motivated. Exceptional Positive Cash Flow On Day One! $99K Gross Rent. Updated 3-family with in-law unit and a LARGE BARN (Rent out for additional income)! Property generates $8,250 per month in rent, with all tenants TAW, offering options for future occupancy or adjustments. Recent updates include renovated kitchens and baths, new roof, siding, windows, electrical upgrades, and newer heating systems and hot water heater. Unit 1 offers 5 bedrooms, 1.5 baths, new flooring, and a fully updated kitchen and bath, providing a single-family feel. Units 2 and 3 each offer 2 bedrooms and 1 bath. The barn provides additional space with future potential. Set on a nearly half-acre lot with 10 off-street parking spaces and convenient access to shopping, dining, and major routes, this property offers versatility and a rare combination of space and updates.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,931
Year Built
- Built in 1900
Lot Details
- 0.44 Acre Lot
- Level Lot
- Cleared Lot
- Garden
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,557 Sq Ft Home
- 1 Fireplace
- Insulated Windows
- Storm Doors
Flooring
- Wood
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 10 Car Parking Spaces
- Driveway
- Paved Parking
- 10 Open Parking Spaces
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Bulkhead
- Enclosed Patio or Porch
- Rain Gutters
Location
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number M:041.0 B:0000 L:0239.0,3763631
Community Details
Overview
- 3 Units
- Near Conservation Area
- Property has 3 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Park
- Community Stables
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $68,600
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,931 | $490,800 | $107,200 | $383,600 |
| 2024 | $8,042 | $460,600 | $99,700 | $360,900 |
| 2023 | $0 | $454,300 | $90,700 | $363,600 |
| 2022 | $6,675 | $343,200 | $93,900 | $249,300 |
| 2021 | $6,356 | $318,100 | $93,900 | $224,200 |
| 2020 | $4,403 | $221,800 | $94,000 | $127,800 |
| 2019 | $4,430 | $224,300 | $94,000 | $130,300 |
| 2018 | $4,448 | $222,600 | $94,000 | $128,600 |
| 2016 | $4,268 | $218,300 | $93,100 | $125,200 |
| 2015 | $3,857 | $205,600 | $93,100 | $112,500 |
| 2014 | $4,062 | $214,800 | $93,100 | $121,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/15/2026 01/15/26 | Price Changed | $790,000 | -6.5% | $222 / Sq Ft | |
| 12/02/2025 12/02/25 | For Sale | $845,000 | 0.0% | $238 / Sq Ft | |
| 11/26/2025 11/26/25 | Off Market | $845,000 | -- | -- | |
| 04/22/2025 04/22/25 | Price Changed | $845,000 | -6.1% | $238 / Sq Ft | |
| 04/02/2025 04/02/25 | For Sale | $900,000 | +85.6% | $253 / Sq Ft | |
| 12/07/2021 12/07/21 | Sold | $485,000 | +5.5% | $136 / Sq Ft | View Prior Sale |
| 09/12/2021 09/12/21 | Pending | -- | -- | -- | |
| 09/06/2021 09/06/21 | For Sale | $459,900 | -- | $129 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $485,000 | None Available | |
| Quit Claim Deed | $309,000 | -- | |
| Quit Claim Deed | $150,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $476,215 | FHA | |
| Previous Owner | $247,200 | New Conventional | |
| Previous Owner | $153,363 | New Conventional |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73354159
APN: LANC-000410-000000-002390
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