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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
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© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 140 Chace Hill Rd, Lancaster, MA 01523
Active
4 Days on market
140 Chace Hill Rd Lancaster — Photo 1 of 37

140 Chace Hill Rd Lancaster — Photo 1 of 37

$699,900

140 Chace Hill Rd, Lancaster, MA 01523

Lancaster, MA 01523

Beds

4

Baths

2.5

SqFt

2,447

Style

Single Family

Built

2002

If you're looking for a home with the potential to create something truly special, this could be the opportunity you've been waiting for! The home needs cosmetic updating, but offers a fantastic floor plan, generous living space, and an exceptional 6.39-acre lot. The first floor features a spacious kitchen with center island, plenty of room for entertaining, and sliders leading to the deck and patio. A formal dining room offers hardwood flooring, while the huge, bright and sunny family room features a cathedral ceiling and wood-stove hearth. A versatile first-floor bonus room could serve as a fourth bedroom, home office, or playroom. A half bath with convenient first-floor laundry completes this level. Upstairs, the primary suite features a private bath and walk-in closet, along with two additional bedrooms and another full bath. The walkout lower level is partially finished with ceilings, recessed lighting, and some finished walls, plus a workshop area and an additional wood stove, offering even more potential living space. The land is where this property really shines. Set well back from the road, the home sits on a beautiful, mostly cleared and level 6+ acre lot offering pasture views, privacy, flexibility, and exciting future possibilities. ****POSSIBLE BUILDABLE LOT**** There appears to be adeqaute land and road frontage to meet the Towns requirement to subdivide an additional building lot for another single family home, pending town approval and septic testing. Seller is offering the entire property as is and buyer would need to explore future subdivsion after they take ownership.Buyer/Buyers agent to conduct their own due diligence with respect to future subdivision.

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Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$286/sqft
Local Avg (Lancaster)$313/sqft
9% BelowMarket Average

* Analysis is based on 10 actively listed and recently sold comparable properties strictly within Lancaster, MA.

Property Details

Financials

Original Price$699,900
Annual Taxes$11,609

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms8
Fireplaces1
FlooringTile, Carpet, Hardwood
BasementFull, Garage Access

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRes

Property & Lot

Acres6.39
SqFt Lot278,348
Lot FeaturesCleared, Level

Amenities & Appliances

Tankless Water Heater • Range • Dishwasher • Refrigerator • Freezer • Washer • Dryer • Range Hood • Plumbed For Ice Maker

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Dining RoomKitchenFamily RoomBedroom 4Bathroom 1
Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Closet, Flooring - Stone/Ceramic Tile, Pantry, Kitchen Island

Family Room
Lvl First

Wood / Coal / Pellet Stove, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet

Master Bedroom
Lvl Second

Walk-In Closet(s), Flooring - Wall to Wall Carpet, Attic Access

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Wall to Wall Carpet

Bedroom 4
Lvl First

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

Bathroom - Full, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

Bathroom - Full, Flooring - Stone/Ceramic Tile

Population

8,606

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$135K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

14.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

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 2,447 sq ft principal dwelling). Lot size: 278,348 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.

Full Lancaster, MA market report ZIP 01523 market data
Listing Provided By

Listing Agent: Richard Freeman

Listing Office: Keller Williams Realty North Central

MLS® Number: 73564302

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