240 Worcester Road, Sterling MA 01564
Sterling, MA 01564
$799,900
$799,000
Est. $4,748/month
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About this home
A Fantastic Development Opportunity Awaits! A 40B project would be ideal. Discover the historic Sterling Inn, ideally situated at the base of Mt. Wachusett and offering incredible potential for redevelopment or restoration. This iconic property sits on 1.6 acres and boasts nearly 12,000 sq ft of interior space. Included in the sale is the adjacent 3.7-acre mixed-use lot located at 223 Worcester Road, providing a total of 5.3 acres for your vision. Both 240 & 223 Worcester Road are deeded together, offering a rare chance to reimagine this landmark. Whether you’re looking to restore the existing structure, develop townhomes or condos, or create a mixed-use community with residential and retail components, this property is brimming with opportunity. Just minutes from hiking, skiing, and outdoor adventure, this location combines small-town charm with big development potential.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
37.5%
Price Range
Property Timeline
Price Increased
Jun 17, 2026
$799,000
+$299,000
(+59.8%)
From $500,000 to $799,000 (+59.8%)
Agent Changed
Jun 8, 2026
Kelly Espinola → The Espinola Group
Agent: The Espinola Group
Price Reduced
Mar 2, 2026
$500,000
$299,900
(-37.49%)
From $799,900 to $500,000 (-37.5%)
Listed for Sale
Jun 2, 2025
$799,900
Original listing
Agent: Kelly Espinola
Office: Keller Williams Realty-Merrimack
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/17/2026 | ↑ Price Increased | $799,000 | +$299,000 | - | From $500,000 to $799,000 (+59.8%) |
| 06/08/2026 | 👤 Agent Changed | - | - | - | Kelly Espinola → The Espinola Group |
| 03/02/2026 | ↓ Price Reduced | $500,000 | $299,900 | - | From $799,900 to $500,000 (-37.5%) |
| 06/02/2025 | 🏠 Listed for Sale | $799,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,090 | — |
Financial Details
Annual Property Tax
$6,090
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1908
Lot Size
5.30 acres
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Asphalt/composition Shingles, Shingle, Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Private Sewer
Financial
Annual Tax
$6,090
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Worcester
Property Overview
Listing Type
For Sale
Year Built
1908
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1908
Structure Type:
Exterior Materials:
Roof:
Asphalt/Composition Shingles, Shingle, Rubber
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Wachusett School District local
School Safety
2024-25
1.0%
Low
0.8%
Suspensions
0.4%
In-School
0.2%
Emergency
4.5% below state avg
Elementary Schools
3 schools
B
Houghton Elementary School
1.6 mi
|
#348 of 824
|
Score: 49.2
Dropped 163 spots from last year
-9 below state avg
317 students
Moderate
Grades K-04
Sterling Nursery School
1.8 mi
Grades PK-01
South Lancaster Academy
4.0 mi
Grades PK-12
Middle Schools
3 schools
B+
Chocksett Middle School
1.6 mi
|
#131 of 352
|
Score: 46.3
Dropped 54 spots from last year
-11.9 below state avg
264 students
Moderate
Grades 05-08
C+
Clinton Middle School
3.6 mi
|
#249 of 352
|
Score: 36.2
Dropped 63 spots from last year
-22.1 below state avg
573 students
Diverse
Strong Attendance
Grades 05-08
B-
Samoset School
4.3 mi
|
#207 of 352
|
Score: 40.0
Improved 13 spots from last year
-18.2 below state avg
495 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
3 schools
C+
Clinton Senior High School
3.6 mi
|
#237 of 346
|
Score: 47.5
Dropped 73 spots from last year
-10.7 below state avg
582 students
Diverse
15 sports
• 890 athletes
College Ready Curriculum
Strong Athletics
Grades PK-12
Trivium School
4.3 mi
6 sports
• 228 athletes
Grades 07-12
A-
West Boylston Junior/Senior High School
4.4 mi
|
#101 of 346
|
Score: 60.0
Dropped 38 spots from last year
+1.8 above state avg
461 students
Moderate
Strong AP Program
College Ready Curriculum
Grades 06-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$508
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
240 Worcester Road, Sterling MA 01564
Sterling, MA 01564
Listing Information
Listing Agent
The Espinola Group
Listing Office
Keller Williams Realty-Merrimack
Office Phone
978-692-3280
Agent MLS ID
TM363470
Office MLS ID
G95166
Listing Data Updated
Jun 21, 2026 4:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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