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Worcester
154 Peter Salem Rd
$320,000
● House - Off Market

154 Peter Salem Rd

Leicester, MA 01524
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$303,678
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Welcome home to this well maintained 3 bedroom ranch with a beautiful, sprawling backyard. Enjoy sipping a cup of your favorite morning beverage in the very large, window filled sun room! With fresh paint and updates, all you have to do is schedule your movers! Finish the walk-out basement for extra living space. Third bedroom can be used as a dining room with a door that connects to the kitchen. New septic was installed in 2014. *Please take note that open house dates and times have changed due to predicted snowstorm* First showings at open house on Thursday 1/27/22 5pm-7pm and Sunday 1/30/22 12pm-2pm. Any offers will be reviewed Monday 1/31/22 after 5pm, please reflect that in offer deadline.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$341
Property Type
House
Property Taxes
$269
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 #72936295)

Price History

Date / Event Date Event Price
Mar 8, 2022 Sold
Premium
Sold
Jan 24, 2022 Listed by ERA Key Realty Services- Spenc $294,900
Listed by ERA Key Realty Services- Spenc
Sep 30, 2015 Sold
Premium
Sold
May 11, 2015 Listed by ERA Key Realty Services- Spenc $169,500
Listed by ERA Key Realty Services- Spenc

Property Highlights

Parking Available

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: 6
  • 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: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,000
  • Total Building Area: 864
  • Gross Building Area: 1,845
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEICESTER
  • Land Acres: 0000000413
  • 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:00000A3 L:0
  • Block: A3
  • Municipality: LEICESTER
  • Latitude: 42.2218
  • Longitude: -71.9027

    Address

  • Full Address: 154 Peter Salem Rd
  • Address - House Number: 154
  • Address - Street Name: Peter Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Leicester
  • Carrier Code: C003
  • 4-Digit Zip Code: 1283
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $320,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 347,109
  • High Value: 407,947
  • Low Value: 286,271

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $249,400
  • Assessed Land Value: $63,600
  • Assessed Improvements Value: $185,800

    Sales

  • Current Sale Contract Date: Mar 08, 2022
  • Current Sale Recording Date: Mar 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26231
  • Previous Sale Recording Date: Sep 30, 2015
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: O
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

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2400 ft²

Average Home Age

63.3 years

Currently For Sale

1988 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# 72936295

Frequently Asked Questions

When was property at 154 Peter Salem Road built and last sold?
The property at 154 Peter Salem Road was built in 1955 and last sold on Mar 8, 2022 for $320,000.
How much is this home worth?
The estimated value of the home located at 154 Peter Salem Road is $291,980.
What are some comparable homes to 154 Peter Salem Road?
There are currently no comparable homes to 154 Peter Salem Road.
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