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Leominster 01453
15 Rustic Drive
$365,000
● House - Off Market

15 Rustic Drive

Leominster, MA 01453
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$349,045
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Opportunity knocks! Easy one level living in this adorable 3 bed, 1 bath ranch situated in a desirable Leominster neighborhood! Open the front door and you are greeted by a sun-drenched living room with hardwood flooring and fireplace. Through there is a spacious dine-in kitchen with breakfast bar island, exterior access and ample cabinet space. Three bedrooms with hardwood flooring and a full bath with linen closet! The unfinished basement provides additional storage space and with the addition of a firewall could have a 1 car garage. Plumbing for potential bathroom in basement. Convenient location – close to public transportation, shopping, bike path, highway access and more!  Nice level back yard for great outdoor fun! Come see all the potential this home has to offer today.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$318
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73120393)

Price History

Date / Event Date Event Price
Jul 13, 2023 Sold
Premium
Sold
Jun 8, 2023 In contract -
In contract
Jun 5, 2023 Listed by Lamacchia Realty, Inc. $350,000
Listed by Lamacchia Realty, Inc.
Feb 2, 1981 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,500
  • Total Building Area: 1,100
  • Gross Building Area: 2,215
  • Building Area: 1,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,100
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Leominster School District
  • School Tax School District: LEOMINSTER SD
  • Census Tract: 709701

Geography

  • Parcel: LEOM M:0554 B:0116 L:0000
  • Block: 116
  • Municipality: LEOMINSTER
  • Latitude: 42.5399
  • Longitude: -71.7743

    Address

  • Full Address: 15 Rustic Dr
  • Address - House Number: 15
  • Address - Street Name: Rustic
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Leominster
  • Carrier Code: C009
  • 4-Digit Zip Code: 2616
  • Zip Code: 01453

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $470,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1939
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 377,389
  • High Value: 450,569
  • Low Value: 304,209

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $302,500
  • Assessed Land Value: $109,500
  • Assessed Improvements Value: $193,000

    Sales

  • Current Sale Contract Date: Jul 13, 2023
  • Current Sale Recording Date: Jul 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9312
  • Previous Sale Recording Date: Feb 02, 1981
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Leominster

Stats & Trends

Median Asking:

$474,900

Sale Price/ft²

$267

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2284 ft²

Average Home Age

77.6 years

Currently For Sale

97 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73120393

Frequently Asked Questions

When was property at 15 Rustic Drive built and last sold?
The property at 15 Rustic Drive was built in 1958 and last sold on Jul 13, 2023 for $365,000.
How much is this home worth?
The estimated value of the home located at 15 Rustic Drive is $352,788.
What are some comparable homes to 15 Rustic Drive?
There are currently no comparable homes to 15 Rustic Drive.
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