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Leominster 01453
46 Rustic Drive
$242,500
● House - Off Market

46 Rustic Drive

Leominster, MA 01453
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,350 Ft²
$403,627
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Built in 1963, the current owner has lovingly cared for this home since 1968, and it is now refreshed and ready to provide shelter and comfort to new owners.  Located on a quiet side street among similar homes, the curb appeal includes mature landscaping, neatly edged, and blossoming gardens.  The side deck leads to a sun dappled back yard, large enough to entertain family and friends alike.  The sunny and clean interior has a new coat of neutral paint, offsetting the gleaming HWF.  The kitchen and dining areas are adjacent as an open space.   The lower level includes a family room, utility room, convenient storage and access to the drive under parking.  Enjoy the benefit of quick access to major routes for commuter ease. Call!
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$178
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1963

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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 #72055861)

Price History

Date / Event Date Event Price
Dec 15, 2016 Sold
Premium
Sold
Aug 20, 2016 Listed by Keller Williams Realty North Central $239,900
Listed by Keller Williams Realty North Central

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 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: 13,577
  • Total Building Area: 1,350
  • Gross Building Area: 2,857
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000312
  • 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: 709701

Geography

  • Parcel: LEOM M:0554 B:0137 L:0000
  • Block: 137
  • Municipality: LEOMINSTER
  • Latitude: 42.5407
  • Longitude: -71.7731

    Address

  • Full Address: 46 Rustic Dr
  • Address - House Number: 46
  • Address - Street Name: Rustic
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Leominster
  • Carrier Code: C009
  • 4-Digit Zip Code: 2651
  • Zip Code: 01453

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $521,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1881
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 419,978
  • High Value: 498,986
  • Low Value: 340,971

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,600
  • Assessed Land Value: $113,500
  • Assessed Improvements Value: $222,100

    Sales

  • Current Sale Recording Date: Dec 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22401
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:

$472,450

Sale Price/ft²

$268

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2264 ft²

Average Home Age

77.5 years

Currently For Sale

99 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# 72055861

Frequently Asked Questions

When was property at 46 Rustic Drive built and last sold?
The property at 46 Rustic Drive was built in 1963 and last sold on Jan 1, 1970 for $242,500.
How much is this home worth?
The estimated value of the home located at 46 Rustic Drive is $250,109.
What are some comparable homes to 46 Rustic Drive?
There are currently no comparable homes to 46 Rustic Drive.
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