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Worcester
5 Memorial Drive
$550,000
● House - Off Market

5 Memorial Drive

Leicester, MA 01524
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,880 Ft²
$591,667
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Incredible value in Leicester- beautifully appointed, young colonial home overlooking a private fruit orchard. Offering a custom gourmet kitchen with a breakfast area and access to a 10x14 trex deck, open floor plan, grand entry foyer, mahogany flooring throughout, custom tile and stonework, and updated modern bathrooms. Minutes to rt 20.
Unit Size
1,880 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$316
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
2006

Payment Calculator

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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 #73119463)

Price History

Date / Event Date Event Price
Aug 25, 2023 Sold
Premium
Sold
Jul 17, 2023 In contract -
In contract
Jun 2, 2023 Listed by Century 21 XSELL REALTY $595,000
Listed by Century 21 XSELL REALTY
Apr 26, 2013 Sold
Premium
Sold
Aug 10, 2012 Listed by Century 21 XSELL REALTY $249,900
Listed by Century 21 XSELL REALTY
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,000
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,510
  • Total Building Area: 1,880
  • Gross Building Area: 4,504
  • Building Area: 1,880
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,880
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000930
  • 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: R1

Geography

  • Parcel: LEIC M:39A B:000C1.2 L:0
  • Block: C1.2
  • Municipality: LEICESTER
  • Latitude: 42.225
  • Longitude: -71.9121

    Address

  • Full Address: 5 Memorial Dr
  • Address - House Number: 5
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Leicester
  • Carrier Code: C003
  • 4-Digit Zip Code: 1256
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $481,300

    Appraisal Valuation

  • Standard Deviation: 0.1776
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 491,964
  • High Value: 579,378
  • Low Value: 404,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $374,300
  • Assessed Land Value: $75,600
  • Assessed Improvements Value: $298,700

    Sales

  • Current Sale Contract Date: Aug 25, 2023
  • Current Sale Recording Date: Aug 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 70744
  • Previous Sale Recording Date: Apr 26, 2013
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: O
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

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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: 4 months ago
Data Source: MLS PIN, MLS# 73119463

Frequently Asked Questions

When was property at 5 Memorial Drive built and last sold?
The property at 5 Memorial Drive was built in 2006 and last sold on Aug 25, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 5 Memorial Drive is $579,419.
What are some comparable homes to 5 Memorial Drive?
There are currently no comparable homes to 5 Memorial Drive.
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