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Worcester
49 Salminen Drive
$525,000
● House - Off Market

49 Salminen Drive

Leicester, MA 01524
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,200 Ft²
$1,161,843
RealtyHop Estimate
111.28%
Since May 1, 2010
National-US
Primary Model

About This Property

A very Private & secluded setting for this waterfront retreat nestled on 3.4 acres of land w/350' of frontage on Stiles Reservoir. Over 400 acres of full recreational enjoyment! Spectacular lake views and sunsets from all rooms! 2 levels of comfortable living space. Wonderful, open floor plan is perfect for entertaining. This space was carefully planned to create a relaxing environment and full of amenities you will love! A place of peace that's soothing and quiet.See this one now! Short sale.
Unit Size
3,200 Ft²
Days on Market
-
Land Size
3.40 acres
Price per sqft
$172
Property Type
House
Property Taxes
$419
HOA Dues
$500
Year Built
1988

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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 months ago (MLSPIN #70945606)

Price History

Date / Event Date Event Price
Apr 8, 2010 Sold
Premium
Sold
Jul 10, 2009 Listed by ERA Key Realty Services- Spenc $549,900
Listed by ERA Key Realty Services- Spenc

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 990
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 148,106
  • Total Building Area: 2,674
  • Gross Building Area: 4,316
  • Building Area: 2,674
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,674
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROPERTY LEICESTER
  • Land Acres: 0000003400
  • 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:00000A2 L:0
  • Block: A2
  • Municipality: LEICESTER
  • Latitude: 42.2102
  • Longitude: -71.943

    Address

  • Full Address: 49 Salminen Dr
  • Address - House Number: 49
  • 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: $898,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 852,931
  • High Value: 983,513
  • Low Value: 722,349

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $698,400
  • Assessed Land Value: $290,900
  • Assessed Improvements Value: $407,500

    Sales

  • Current Sale Recording Date: Apr 08, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00035678
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:

$499,999

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2393 ft²

Average Home Age

64.7 years

Currently For Sale

2091 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70945606

Frequently Asked Questions

When was property at 49 Salminen Drive built and last sold?
The property at 49 Salminen Drive was built in 1988 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 49 Salminen Drive is $568,348.
What are some comparable homes to 49 Salminen Drive?
There are currently no comparable homes to 49 Salminen Drive.
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