
16 Burbank Lane Lancaster — Photo 1 of 42
Recent Drop: $20,000
$749,000
Investment Analysis — 16 Burbank Lane
Lancaster, MA 01523
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01523 carries an estimated $3,800/mo in gross rent — about a 3.00% cap rate and $22,444/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,148
Style
Single Family
Built
1978
Single-level living • Finished lower level • 3 garage bays. Well-maintained ranch offering over 3,000 sq ft of living space with 3 bedrooms and 2.5 baths, set on more than a half-acre. The open floor plan features hardwood floors, a spacious kitchen with granite countertops, center island, abundant cabinetry, and new appliances. Relax by one of three fireplaces or enjoy the enclosed porch with new windows overlooking the backyard. The primary suite includes a private bath, while two additional bedrooms are located on the main level. The finished lower level offers flexible space for a family room, home office, gym, or hobbies, plus exceptional storage. Outside, enjoy the fenced yard with a deck, patio, fire pit, new shed, and irrigation system. Central air, and three garage bays complete the home. Convenient to Bolton Flats Wildlife Management Area, Route 2, I-495, and Route 190. Floor plan and video walk through available
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,148 sq ft principal dwelling). Lot size: 23,522 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Oven • Dishwasher
Neighborhood
Conservation Area • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Hardwood, Cable Hookup, Recessed Lighting
Dining Room
Lvl FirstFlooring - Hardwood, Deck - Exterior, Exterior Access, Slider
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Family Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box
Master Bedroom
Lvl FirstBathroom - Full, Ceiling Fan(s), Flooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub, Bathroom - With Tub & Shower, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub, Bathroom - With Tub & Shower, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl FirstBathroom - Half, Dryer Hookup - Electric, Washer Hookup
Property History
$749,000
Was $769,000
Sep 7, 2026
MLS® 73552135
$769,000
Jul 20, 2026
MLS® 73552135
$715,000
Nov 7, 2024
MLS® 73295238
$710,000
Sep 26, 2024
MLS® 73295238
Listing Agent: Lauren Tetreault
Listing Office: Coldwell Banker Realty - Concord
MLS® Number: 73552135
