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Worcester
340 Marshall St
$299,900
● House - Off Market

340 Marshall St

Leicester, MA 01524
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$317,477
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Ranch with 6 Rooms, 3 Bedrooms, and 1 full bath.  featuring a heated oversized 2-car attached garage with walk up for storage.  Family room has vaulted ceiling with fireplace that leads out to deck overlooking wooded back yard.  Partially finished basement with bonus room, wood stove hook-up and half bath. Seller installed new septic. Waiting on Certificate of Compliance. New expansion tank, and zone valve on house boiler.  New oil tank. This property is eligible under the Freddie Mac First Look Initiative through 1/11/2023. (30 days from List Date). Seller will not allow more for than 10 Days for Inspections. Sold in strictly as-is condition. All offers must have Proof of Funds or Pre-Approval dated within last 30 days and a min deposit of $1K.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$200
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1983

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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: 6 months ago (MLSPIN #73064874)

Price History

Date / Event Date Event Price
Jan 18, 2023 Sold
Premium
Sold
Dec 20, 2022 In contract -
In contract
Dec 13, 2022 Listed by Innovative Real Estate Solutions LLC $299,900
Listed by Innovative Real Estate Solutions LLC
Jan 7, 2019 Sold
Premium
Sold
Apr 14, 2003 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,173
  • Total Building Area: 1,500
  • Gross Building Area: 3,093
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001060
  • 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:03A B:000A5.3 L:0
  • Block: A5.3
  • Municipality: LEICESTER
  • Latitude: 42.2783
  • Longitude: -71.9117

    Address

  • Full Address: 340 Marshall St
  • Address - House Number: 340
  • Address - Street Name: Marshall
  • Address - Suffix Type: St
  • State: MA
  • City Name: Leicester
  • Carrier Code: R001
  • 4-Digit Zip Code: 1815
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $415,500

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 395,041
  • High Value: 470,922
  • Low Value: 319,161

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $323,100
  • Assessed Land Value: $67,400
  • Assessed Improvements Value: $255,700

    Sales

  • Current Sale Contract Date: Jan 18, 2023
  • Current Sale Recording Date: Jan 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4992
  • Previous Sale Recording Date: Jan 07, 2019
  • Previous Sale Contract Date: Nov 30, 2018
  • Previous Sale Amount: $151,001
  • Previous Sale Document Type: 71
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:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2376 ft²

Average Home Age

65.6 years

Currently For Sale

1958 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: 6 months ago
Data Source: MLS PIN, MLS# 73064874

Frequently Asked Questions

When was property at 340 Marshall Street built and last sold?
The property at 340 Marshall Street was built in 1983 and last sold on Jan 18, 2023 for $299,900.
How much is this home worth?
The estimated value of the home located at 340 Marshall Street is $310,190.
What are some comparable homes to 340 Marshall Street?
There are currently no comparable homes to 340 Marshall Street.
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