Active
54 Days on market
16 Burbank Lane Lancaster — Photo 1 of 42

16 Burbank Lane Lancaster — Photo 1 of 42

Recent Drop: $20,000

$769,000
$749,000

$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.

View Standard Listing

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

Original Price$769,000
Annual Taxes$12,212

Parking

Garage3
Off-Street11

Interior Specifications

Total Rooms8
Fireplaces3
FlooringTile, Hardwood
BasementFull, Partially Finished, Interior Entry, Garage Access, Sump Pump, Concrete

Climate & Utilities

HeatingBaseboard, Electric Baseboard, Oil, Fireplace(s)
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR

Property & Lot

Acres0.54
SqFt Lot23,522
Lot FeaturesCleared, Level

Amenities & Appliances

Water Heater • Tankless Water Heater • Range • Oven • Dishwasher

Neighborhood

Conservation Area • House of Worship • Public School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenFamily RoomMaster BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2Bathroom 3
Living Room
Lvl First

Wood / Coal / Pellet Stove, Flooring - Hardwood, Cable Hookup, Recessed Lighting

Dining Room
Lvl First

Flooring - Hardwood, Deck - Exterior, Exterior Access, Slider

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Family Room
Lvl First

Flooring - Hardwood, Window(s) - Bay/Bow/Box

Master Bedroom
Lvl First

Bathroom - Full, Ceiling Fan(s), Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub, Bathroom - With Tub & Shower, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub, Bathroom - With Tub & Shower, Countertops - Stone/Granite/Solid

Bathroom 3
Lvl First

Bathroom - Half, Dryer Hookup - Electric, Washer Hookup

Property History

Price Drop
$749,000

Was $769,000

Sep 7, 2026

MLS® 73552135

Listed
$769,000

Jul 20, 2026

MLS® 73552135

Sold
$715,000

Nov 7, 2024

MLS® 73295238

Listed
$710,000

Sep 26, 2024

MLS® 73295238

Listing Provided By

Listing Agent: Lauren Tetreault

Listing Office: Coldwell Banker Realty - Concord

MLS® Number: 73552135