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Leominster 01453
22 Forest Road
$72,500
● House - Off Market

22 Forest Road

Leominster, MA 01453
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,023 Ft²
$144,709
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

Samoset Lake Bungalow with a view of the lake, single floor living with 3 bedrooms, full basement. This is a Fannie Mae Homepath property, purchase this home for as little as 5% down payment. This property qualifies for a Homepath Renovation Financing. Only Owner occupant offers will be considered for the first 20 days of the listing. Sold As-Is
Unit Size
1,023 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$76
Property Type
House
Property Taxes
$207
HOA Dues
$200
Year Built
1926

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71644853)

Price History

Date / Event Date Event Price
Aug 22, 2014 Sold
Premium
Sold
Jul 2, 2014 Sold
Premium
Sold
Mar 14, 2014 Listed by RE/MAX Journey $77,900
Listed by RE/MAX Journey

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • 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: 0
  • Building Style: 15
  • 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: 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: 5,699
  • Total Building Area: 1,023
  • Gross Building Area: 2,336
  • Building Area: 1,023
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,023
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE SAM-O-SET 02 MAP
  • Land Acres: 0000000131
  • 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: 709201

Geography

  • Parcel: LEOM M:0474 B:3812 L:0000
  • Block: 3812
  • Municipality: LEOMINSTER
  • Latitude: 42.4957
  • Longitude: -71.7602

    Address

  • Full Address: 22 Forest Rd
  • Address - House Number: 22
  • Address - Street Name: Forest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Leominster
  • Carrier Code: R005
  • 4-Digit Zip Code: 5108
  • Zip Code: 01453

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $412,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1941
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 309,103
  • High Value: 369,109
  • Low Value: 249,097

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,600
  • Assessed Land Value: $93,000
  • Assessed Improvements Value: $172,600

    Sales

  • Current Sale Recording Date: Aug 22, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11286
  • Previous Sale Recording Date: Jul 02, 2014
  • Previous Sale Amount: $170,715
  • 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 Leominster

Stats & Trends

Median Asking:

$472,400

Sale Price/ft²

$269

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2232 ft²

Average Home Age

83.8 years

Currently For Sale

90 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: 5 years ago
Data Source: MLS PIN, MLS# 71644853

Frequently Asked Questions

When was property at 22 Forest Road built and last sold?
The property at 22 Forest Road was built in 1926 and last sold on Jan 1, 1970 for $72,500.
How much is this home worth?
The estimated value of the home located at 22 Forest Road is $96,857.
What are some comparable homes to 22 Forest Road?
There are currently no comparable homes to 22 Forest Road.
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