CCertihomes
240 Worcester Road, Sterling, MA 01564

$844,900

0 beds 0 baths Built 1908Active

About this home

A Fantastic Development Opportunity Awaits!! The historic Sterling Inn is located near the foot of Mt. Wachusett sitting on 1.6 acres of land and almost 12k square feet of interior space. The land located at 223 Worcester Road consists of 3.7 acres of mixed use land. 240 and 223 Worcester Road are both on the same deed attached to MLS for reference. Various documents in hand including, perk testing and estimated costs for conversion and development of townhomes. Whether you restore the existing facility or convert to Townhomes / Condos, and/or leverage the mixed-use lot at 223 Worcester Rd to build additional townhomes and retail space, the possibilities for this property are endless!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$6,148/mo

Real estate (PITI + HOA + PMI)
$5,767
Principal + interest$3,832
Property tax + insurance$1,618
PMI / 2nd mortgage$317
Utilities
$993
Heating + cooling$335
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$98
Car insurance + maintenance$98
Other (entertainment)
$157
$6,148/mo TLC
Budget$6,648/mo
Remaining after TLC$500/mo
Purchase price
$844,900
Down payment
$42,245 (5%)
Loan amount
$802,655
APR
4%

Quick facts

Type
COM
Style
Year built
1908
Lot size
5.3 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$3,315
MLS #
73171928
County
Worcester

Home features

Roof
Shingle

Neighborhood — 01564

MetricThis ZIPCountyUSA
Population7,5546,444,931299,088,112
Population Change Since199028.00%7.00%20.00%
Population Density239786
Male3,7913,127,134147,432,321
Female3,7633,317,797151,655,844
Never Married1,2831,612,88563,775,926
Married3,9592,586,314123,120,365
Separated97247,85712,639,686
Widowed266363,59415,467,586
Divorced355436,88823,075,029
Number Of House Hold2,6652,431,591111,826,380
Average House Hold Size2.832.562.60
Medial Age39.0737.2535.46
Median House Hold Income$77,825$57,698$48,276
Average House Hold Income$88,252$75,023$63,629
P C I$31,146$29,196$24,529
M D I$62,480$48,105$41,133
A T H E$65,044$57,083$50,898
S T R5.00%5.00%
W C J70.33%81.38%77.74%
(Zip) Code
1564

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 10/19/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.