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Worcester
42 Tobin Rd
$80,000
● Land - Off Market

42 Tobin Rd

Leicester, MA 01611
bedrooms
Studio
bathrooms
0 Bath
$89,982
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

NEW PRICE!! Great Lot nestled in a quiet neighborhood of very nice homes. Almost an acre of land on a fairly level lot with town water and sewer on the street. Land is located close to Worcester and all it offers, yet tucked away on a low traffic street in a country setting. This Lot is located between 2 very nice newer homes built around 2005. The land is the wooded lot located between #44 and #40 Tobin Road. Lot will need a Special Variance approved by town. It was approved in 2016 but not acted on by current owner. It is believed the town would Re-Approve the Special Variance again without issues. Lot has 125 foot frontage...zoning requires 150 feet. Town approved Special Variance in 2016 but it has since expired.
Unit Size
-
Days on Market
-
Land Size
0.92 acres
Price per sqft
-
Property Type
Land
Property Taxes
$80
HOA Dues
-
Year Built
-

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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 #72950056)

Price History

Date / Event Date Event Price
Jan 31, 2023 Sold
Premium
Sold
Mar 8, 2022 Listed by James Tobin $85,000
Listed by James Tobin
Jul 14, 2016 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 40,138
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000921
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Leicester School District
  • School Tax School District: LEICESTER SD
  • Census Tract: 735200

Zoning

  • Zoning: R1

Geography

  • Parcel: LEIC M:033 B:000A6.2 L:0
  • Block: A6.2
  • Municipality: LEICESTER
  • Latitude: 42.2356
  • Longitude: -71.8715

    Address

  • Full Address: 42 Tobin Rd
  • Address - House Number: 42
  • Address - Street Name: Tobin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Cherry Valley
  • Carrier Code: C001
  • 4-Digit Zip Code: 3235
  • Zip Code: 01611

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $85,600
  • Initial Tax Delinquent Year: 2023

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,600
  • Assessed Land Value: $66,600

    Sales

  • Current Sale Contract Date: Jan 31, 2023
  • Current Sale Recording Date: Jan 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9695
  • Previous Sale Recording Date: Jul 14, 2016
  • Previous Sale Amount: $66,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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# 72950056

Frequently Asked Questions

When was property at 42 Tobin Road built and last sold?
The property at 42 Tobin Road was built in and last sold on Jan 31, 2023 for $80,000.
How much is this home worth?
The estimated value of the home located at 42 Tobin Road is $85,850.
What are some comparable homes to 42 Tobin Road?
There are currently no comparable homes to 42 Tobin Road.
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