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Worcester
6 Cedar Lane
$250,000
● House - Off Market

6 Cedar Lane

Leicester, MA 01524
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,030 Ft²
$236,729
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Diamond in the Rough. This 3-4 bedroom home has over 2000 sq ft of living space. 1.5 baths on nearly an acre of land & frontage on 3 streets~~ Home will need sum TLC but well worth the effort~~ Large cabinet packed kitchen~~ Gas fireplace~~Pellet Stove~~Very nice updated Boiler & Hot Water~~Sliding patio door leading to nice deck over looking rear yard.
Unit Size
2,030 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$116
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1940

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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 #72964116)

Price History

Date / Event Date Event Price
Feb 7, 2024 Temporarily off market -
Temporarily off market
Oct 28, 2022 Sold
Premium
Sold
Oct 24, 2022 In contract -
In contract
Jul 28, 2022 Listed by RE/MAX Vision $399,000
Listed by RE/MAX Vision
May 6, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 5,000
  • Total Building Area: 2,030
  • Gross Building Area: 2,286
  • Building Area: 2,030
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,030
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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:28B B:00000E9 L:0
  • Block: E9
  • Municipality: LEICESTER
  • Latitude: 42.2283
  • Longitude: -71.9353

    Address

  • Full Address: 6 Cedar Ln
  • Address - House Number: 6
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Leicester
  • Carrier Code: R002
  • 4-Digit Zip Code: 2110
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $335,300

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 371,036
  • High Value: 436,067
  • Low Value: 306,004

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $260,700
  • Assessed Land Value: $49,500
  • Assessed Improvements Value: $211,200

    Sales

  • Current Sale Contract Date: Oct 28, 2022
  • Current Sale Recording Date: Oct 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 117044
  • Previous Sale Recording Date: May 06, 2022
  • Previous Sale Contract Date: May 04, 2022
  • Previous Sale Amount: $250,000
  • 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

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# 72964116

Frequently Asked Questions

When was property at 6 Cedar Lane built and last sold?
The property at 6 Cedar Lane was built in 1940 and last sold on Oct 28, 2022 for $380,000.
How much is this home worth?
The estimated value of the home located at 6 Cedar Lane is $402,990.
What are some comparable homes to 6 Cedar Lane?
There are currently no comparable homes to 6 Cedar Lane.
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