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Worcester
18 Monterey Drive
$295,750
● House - Off Market

18 Monterey Drive

Leicester, MA 01611
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,404 Ft²
$316,524
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Cosy ranch style home on dead end street. Most rooms have been recently painted in nuetral colors. This home could use a bit of updating but is in good move in conditon. New roof being installed. All appliances stay including washer and drier. Large mud room attached to garage and to the back yard. Bonus room in basement perfect for in home office of family room. Quick close possible. Be settled in before the hollidays.
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$213
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1956

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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 #73052100)

Price History

Date / Event Date Event Price
Jan 6, 2023 Sold
Premium
Sold
Dec 3, 2022 In contract -
In contract
Oct 26, 2022 Listed by Exit Beacon Pointe Realty $299,000
Listed by Exit Beacon Pointe Realty
May 20, 2004 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • 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: 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,200
  • Total Building Area: 1,404
  • Gross Building Area: 2,763
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000280
  • 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: 735200

Zoning

  • Zoning: R1

Geography

  • Parcel: LEIC M:24A B:0000A39 L:0
  • Block: A39
  • Municipality: LEICESTER
  • Latitude: 42.2406
  • Longitude: -71.8889

    Address

  • Full Address: 18 Monterey Dr
  • Address - House Number: 18
  • Address - Street Name: Monterey
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Cherry Valley
  • Carrier Code: C001
  • 4-Digit Zip Code: 3018
  • Zip Code: 01611

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $361,600

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 367,056
  • High Value: 428,357
  • Low Value: 305,756

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $281,200
  • Assessed Land Value: $71,200
  • Assessed Improvements Value: $210,000

    Sales

  • Current Sale Contract Date: Jan 06, 2023
  • Current Sale Recording Date: Jan 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1354
  • Previous Sale Recording Date: May 20, 2004
  • Previous Sale Amount: $197,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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# 73052100

Frequently Asked Questions

When was property at 18 Monterey Drive built and last sold?
The property at 18 Monterey Drive was built in 1956 and last sold on Jan 6, 2023 for $295,750.
How much is this home worth?
The estimated value of the home located at 18 Monterey Drive is $307,740.
What are some comparable homes to 18 Monterey Drive?
There are currently no comparable homes to 18 Monterey Drive.
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