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Worcester
151 Peter Salem Rd
$300,000
● House - Off Market

151 Peter Salem Rd

Leicester, MA 01524
bedrooms
3 Beds
bathrooms
1 Bath
square feet
816 Ft²
$1,660
Est. Monthly

About This Property

AN AWESOME OPPORTUNITY FOR A FIRST TIME HOME BUYER OR EMPTY NESTER TO PURCHASE A CHARMING 3 BEDROOM SINGLE FAMILY IN A QUIET AND FAMILY FRIENDLY AREA OF LEICESTER.  THE HOUSE HAS HAD $100,000 WORTH OF REMODELING THAT WAS DONE IN MAY/JUNE OF 2024.  IT HAS A NEW ROOF, NEW VINYL REPLACEMENT WINDOWS, NEW VINYL SIDING, NEW GUTTERS, ALL NEW FLOORING, NEW ELECTRICAL SERVICE AND CIRCUIT BRAKERS, UPDATED BATHROOM WITH NEW SHOWER AND FIXTURES AND A DE-LEAD CERTIFICATE. It also has a partially fenced back yard and a paved driveway for at least 3 cars.  It's 10 minutes from Worcester and in a prime commuter location, just a few short minutes from Routes 56, 9,12, I-290, I-395 and the Mass Pike. Come to the Open House Sunday Dec 1st 1-3pm
Unit Size
816 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$368
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1955

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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 #73315325)

Price History

Date / Event Date Event Price
Dec 23, 2024 Sold
Premium
Sold
Dec 1, 2024 In contract -
In contract
Nov 23, 2024 Listed by Su Casa Real Estate $299,900
Listed by Su Casa Real Estate
Oct 1, 2002 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • 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: 30,000
  • Total Building Area: 816
  • Gross Building Area: 856
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 816
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Leicester School District
  • School Tax School District: LEICESTER SD
  • Census Tract: 735100

Zoning

  • Zoning: R1

Geography

  • Parcel: LEIC M:31A B:00000B4 L:0
  • Block: B4
  • Municipality: LEICESTER
  • Latitude: 42.2223
  • Longitude: -71.9027

    Address

  • Full Address: 151 Peter Salem Rd
  • Address - House Number: 151
  • Address - Street Name: Peter Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Leicester
  • Carrier Code: C003
  • 4-Digit Zip Code: 1209
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $216,200

    Appraisal Valuation

  • Standard Deviation: 0.2126
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 236,254
  • High Value: 286,502
  • Low Value: 186,007

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,100
  • Assessed Land Value: $58,700
  • Assessed Improvements Value: $109,400

    Sales

  • Current Sale Recording Date: Oct 01, 2002
  • Current Sale Price:
    Premium
  • Current 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73315325

Frequently Asked Questions

When was property at 151 Peter Salem Road built and last sold?
The property at 151 Peter Salem Road was built in 1955 and last sold on Jan 1, 1970 for $122,200.
How much is this home worth?
The estimated value of the home located at 151 Peter Salem Road is $299,742.
What are some comparable homes to 151 Peter Salem Road?
There are currently no comparable homes to 151 Peter Salem Road.
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