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Worcester
3 Salminen Drive
$268,000
● House - Off Market

3 Salminen Drive

Leicester, MA 01524
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,555 Ft²
$480,600
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Custom designed L shaped ranch set on a private knoll with 1.25 acres of privacy near lakes. Wonderful open floor plan offers cathedral  living room with skylights  open to dining area and cherry kitchen with solid surface countertops. Master bedroom with walk in closet and bath. Nice hardwoods and six panel pine doors throughout.  First floor laundry. Two farmers porches front and rear. Huge lower level with full walk out atrium doors and steel I beam. So many possibilities to expand! Large two car attached garage with openers. Country living yet 10 minutes to Mass Pike and major routes.
Unit Size
1,555 Ft²
Days on Market
-
Land Size
1.25 acres
Price per sqft
$183
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
2000

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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 months ago (MLSPIN #72053052)

Price History

Date / Event Date Event Price
Oct 11, 2016 Sold
Premium
Sold
Aug 14, 2016 Listed by ERA Key Realty Services- Spenc $285,000
Listed by ERA Key Realty Services- Spenc
May 5, 1998 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,525
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,450
  • Total Building Area: 1,555
  • Gross Building Area: 3,953
  • Building Area: 1,555
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,555
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001250
  • 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: SA

Geography

  • Parcel: LEIC M:042 B:000D1.1 L:0
  • Block: D1.1
  • Municipality: LEICESTER
  • Latitude: 42.2054
  • Longitude: -71.9401

    Address

  • Full Address: 3 Salminen Dr
  • Address - House Number: 3
  • Address - Street Name: Salminen
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Leicester
  • Carrier Code: R002
  • 4-Digit Zip Code: 2217
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $531,000

    Appraisal Valuation

  • Standard Deviation: 0.1893
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 499,830
  • High Value: 594,496
  • Low Value: 405,163

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $412,900
  • Assessed Land Value: $68,600
  • Assessed Improvements Value: $344,300

    Sales

  • Current Sale Recording Date: Oct 11, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 115863
  • Previous Sale Recording Date: May 05, 1998
  • Previous Sale Amount: $42,000
  • 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

2391 ft²

Average Home Age

63.8 years

Currently For Sale

2099 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 months ago
Data Source: MLS PIN, MLS# 72053052

Frequently Asked Questions

When was property at 3 Salminen Drive built and last sold?
The property at 3 Salminen Drive was built in 2000 and last sold on Jan 1, 1970 for $268,000.
How much is this home worth?
The estimated value of the home located at 3 Salminen Drive is $294,643.
What are some comparable homes to 3 Salminen Drive?
There are currently no comparable homes to 3 Salminen Drive.
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