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Worcester
7 Pine Ridge Dr
$382,000
● House - Off Market

7 Pine Ridge Dr

Leicester, MA 01524
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,275 Ft²
$2,163
Est. Monthly

About This Property

Charming 3-4 bedroom Cape on a peaceful dead-end road! Enjoy the spacious, sunny living room and a delightful eat-in kitchen. The recently painted first floor features two bedrooms and a renovated bathroom. Upstairs you'll find 2 additional rooms and continued hardwood floors. Step outside to your lovely back yard which abuts a wooded area. Recent upgrades include a new septic system, driveway, retaining wall, gutters, full insulation, oil tank, exterior doors and stairs, and storage shed. With many updates, and a great location, this is the one you've been looking for! Welcome home!
Unit Size
1,275 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$302
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1960

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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 #73202203)

Price History

Date / Event Date Event Price
May 15, 2024 Sold
Premium
Sold
Apr 16, 2024 In contract -
In contract
Mar 28, 2024 Relisted $365,000
Relisted
Mar 7, 2024 Delisted -
Delisted
Feb 19, 2024 In contract -
In contract
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 850
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 1,275
  • Gross Building Area: 2,630
  • Building Area: 1,275
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,275
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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:27B B:00000A4 L:0
  • Block: A4
  • Municipality: LEICESTER
  • Latitude: 42.2387
  • Longitude: -71.9367

    Address

  • Full Address: 7 Pine Ridge Dr
  • Address - House Number: 7
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Leicester
  • Carrier Code: R001
  • 4-Digit Zip Code: 2013
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $326,900

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 93
  • Final Value: 377,537
  • High Value: 409,971
  • Low Value: 345,103

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $254,200
  • Assessed Land Value: $70,500
  • Assessed Improvements Value: $183,700

    Sales

  • Current Sale Contract Date: May 18, 2020
  • Current Sale Recording Date: Jun 26, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 67965
  • Previous Sale Recording Date: Jan 13, 2006
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: 27
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# 73202203

Frequently Asked Questions

When was property at 7 Pine Ridge Drive built and last sold?
The property at 7 Pine Ridge Drive was built in 1960 and last sold on May 18, 2020 for $240,000.
How much is this home worth?
The estimated value of the home located at 7 Pine Ridge Drive is $376,553.
What are some comparable homes to 7 Pine Ridge Drive?
There are currently no comparable homes to 7 Pine Ridge Drive.
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