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Worcester
565 Pine Street
$390,000
● Land - Off Market

565 Pine Street

Leicester, MA 01524
bedrooms
Studio
bathrooms
0 Bath
$593,696
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

BUILD TO SUIT-- Once in a lifetime opportunity to build your dream house on a rare 2+acre peninsula waterfront lot on Stiles Lake.  Land is private with 270 degree Southwest views and potential boat ramp.  The lot has over 550' water frontage and a large building envelope which can encompass several options with a 5 bedroom perc.  Bring us your plans or view some of ours.  Stiles Lake is approximately 465 acre man-made body of crystal-clear spring water located in the towns of Spencer & Leicester.  It is a privately owned lake which has it's own District and no public boat ramp. Call now and let's get started on building your waterfront dream home.
Unit Size
-
Days on Market
-
Land Size
2.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$187
HOA Dues
-
Year Built
2021

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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 #72472244)

Price History

Date / Event Date Event Price
Dec 10, 2019 Sold
Premium
Sold
Mar 28, 2019 Listed by 9 West Realty $405,900
Listed by 9 West Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,412
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 101,266
  • Total Building Area: 2,811
  • Gross Building Area: 7,851
  • Building Area: 2,811
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,811
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002325
  • 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:041 B:000C2.2 L:0
  • Block: C2.2
  • Municipality: LEICESTER
  • Latitude: 42.2184
  • Longitude: -71.9447

    Address

  • Full Address: 565 Pine St
  • Address - House Number: 565
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: MA
  • City Name: Leicester
  • Carrier Code: R002
  • 4-Digit Zip Code: 2218
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,247,900

    Appraisal Valuation

  • Standard Deviation: 0.1325
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 84
  • Final Value: 1,146,458
  • High Value: 1,298,368
  • Low Value: 994,547

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $970,400
  • Assessed Land Value: $383,700
  • Assessed Improvements Value: $586,700

    Sales

  • Current Sale Contract Date: Dec 05, 2019
  • Current Sale Recording Date: Dec 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 133677

    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

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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# 72472244

Frequently Asked Questions

When was property at 565 Pine Street built and last sold?
The property at 565 Pine Street was built in 2021 and last sold on Dec 5, 2019 for $390,000.
How much is this home worth?
The estimated value of the home located at 565 Pine Street is $409,959.
What are some comparable homes to 565 Pine Street?
There are currently no comparable homes to 565 Pine Street.
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