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Leominster 01453
5 Prospect Terrace
$400,000
● House - Off Market

5 Prospect Terrace

Leominster, MA 01453
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,451 Ft²
$413,640
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Leominster ranch on a .22 acre corner lot. Perfect amount of land to maintain. Great residential neighborhood. Looking for a new owner. Sturdy home with three bedrooms, 2 full baths, three season sunroom, updated kitchen and open Livingroom; dining room  combination. You won't be disappointed with all the space. There is even room to expand your living area with the finished room in the lower level. The layout is fantastic. The open floor plan towards the front of the house allows for entertaining, working or dining, while the defined bedroom space allows for rest and relaxation. Enjoy the three season room overlooking the back yard. And don't forget the two car garage. Easy access to Route 2, 13 and shopping. Open House is canceled for October 22nd.
Unit Size
1,451 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$269
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1953

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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 #73049838)

Price History

Date / Event Date Event Price
Dec 8, 2022 Sold
Premium
Sold
Oct 22, 2022 In contract -
In contract
Oct 19, 2022 Listed by Keller Williams Realty North Central $389,900
Listed by Keller Williams Realty North Central
Jun 21, 2013 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 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: 9,556
  • Total Building Area: 1,451
  • Gross Building Area: 3,606
  • Building Area: 1,451
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,451
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000219
  • 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: 709501

Geography

  • Parcel: LEOM M:0579 B:0039 L:0000
  • Block: 39
  • Municipality: LEOMINSTER
  • Latitude: 42.5387
  • Longitude: -71.7351

    Address

  • Full Address: 5 Prospect Ter
  • Address - House Number: 5
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Leominster
  • Carrier Code: C025
  • 4-Digit Zip Code: 3058
  • Zip Code: 01453

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $560,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2271
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 428,454
  • High Value: 525,758
  • Low Value: 331,149

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,800
  • Assessed Land Value: $108,100
  • Assessed Improvements Value: $252,700

    Sales

  • Current Sale Contract Date: Dec 06, 2022
  • Current Sale Recording Date: Dec 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21802
  • Previous Sale Recording Date: Jun 21, 2013
  • Previous Sale Amount: $223,000
  • 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 Leominster

Stats & Trends

Median Asking:

$470,000

Sale Price/ft²

$269

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2266 ft²

Average Home Age

77.1 years

Currently For Sale

98 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: 5 months ago
Data Source: MLS PIN, MLS# 73049838

Frequently Asked Questions

When was property at 5 Prospect Terrace built and last sold?
The property at 5 Prospect Terrace was built in 1953 and last sold on Dec 6, 2022 for $400,000.
How much is this home worth?
The estimated value of the home located at 5 Prospect Terrace is $396,829.
What are some comparable homes to 5 Prospect Terrace?
There are currently no comparable homes to 5 Prospect Terrace.
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