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Worcester
156 Peter Salem Rd
$250,000
● House - Off Market

156 Peter Salem Rd

Leicester, MA 01524
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,350 Ft²
$324,513
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

WELCOME HOME!  Spacious and open floor plan found in this 2 bedroom Ranch with finished lower level awaiting your personalized touch!! Featuring cabinet packed Kitchen/ Dining Room with NEW PICTURE WINDOW & inviting breakfast bar overlooking Living Room beckons to entertain family and friends!! Master bedroom boasts double closet !   2' nd bedroom is versatile and can be utilized as your "Work from home office"!  Finished lower level IS SPACIOUS, OPEN AND OFFERS NUMEROUS POSSIBILITIES!!  MASSIVE CUSTOM BUILT  2 STORY SHED/WORKSHOP W/ 60 AMP CB BREAKER SERVICE!!  Excellent commuter location....mins to major routes, shopping,  Walmart Supercenter,  Leicester Triple Drive in, Leicester Country Club, acclaimed HOT DOG ANNIES, and MORE!!!
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$185
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1950

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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: 5 years ago (MLSPIN #72764546)

Price History

Date / Event Date Event Price
Jan 19, 2021 Sold
Premium
Sold
Dec 7, 2020 Listed by ERA Key Realty Services- Spenc $249,900
Listed by ERA Key Realty Services- Spenc

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 900
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,300
  • Total Building Area: 1,350
  • Gross Building Area: 2,310
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000397
  • 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:00000A4 L:0
  • Block: A4
  • Municipality: LEICESTER
  • Latitude: 42.2216
  • Longitude: -71.9025

    Address

  • Full Address: 156 Peter Salem Rd
  • Address - House Number: 156
  • 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: $357,800

    Appraisal Valuation

  • Standard Deviation: 0.2051
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 351,477
  • High Value: 423,581
  • Low Value: 279,374

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $278,200
  • Assessed Land Value: $63,500
  • Assessed Improvements Value: $214,700

    Sales

  • Current Sale Contract Date: Jan 15, 2021
  • Current Sale Recording Date: Jan 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8060
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

2401 ft²

Average Home Age

63.9 years

Currently For Sale

2061 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: 5 years ago
Data Source: MLS PIN, MLS# 72764546

Frequently Asked Questions

When was property at 156 Peter Salem Road built and last sold?
The property at 156 Peter Salem Road was built in 1950 and last sold on Jan 15, 2021 for $250,000.
How much is this home worth?
The estimated value of the home located at 156 Peter Salem Road is $0.
What are some comparable homes to 156 Peter Salem Road?
There are currently no comparable homes to 156 Peter Salem Road.
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