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    357 Electric Ave Lunenburg, MA 01462-2246
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    Property profile & analytics

    357 Electric Ave, Lunenburg, MA 01462-2246

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    • Life science properties
    • 33,454 SF
    • 15.78 lot acres
    Off-Market
    Property ID
    US38-0241545
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Unitil / Electric Utility Company

    Property Details for 357 Electric Ave

    Year built
    2017
    Lot size
    15.78 lot acres
    Zone code
    C
    Property type
    Life science properties
    APN
    LUNE M:093.0 B:0056 L:0000.0
    APU
    LUNEM0930B0056L00000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 2, 2016 $725,000 Fitchburg Gas & Electric Russo,joseph A Quit Claim Deed —
    Nov 7, 2011 — Joseph A Russo — Deed Of Trust · related $255k · James Xarras
    Nov 4, 2011 $305,000 Joseph A Russo Webster Bank NA Grant Deed —
    Mar 23, 2010 $600,000 Fargo Bk Wells Jcj INC One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related —
    Aug 5, 2005 $1,035,000 Jcj INC Di RT Grant Deed $750k · Webster Bank
    Aug 26, 2003 $625,000 RT Di Robin RT Grant Deed $550k · Robin RT

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $980,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,068,000
      Market price range: $348k - $3.38M
    • Alternative Use

      Use
      Estimation
      R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
      $1,835,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,110,000
      Change: +15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Lunenburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7482
    Latitude
    42.5793
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $57,940
    $664,400
    $3,444,800
    $4,109,200
    -
    $0.00
    $0.00
    $0.00
    More about this property
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