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Worcester
8 Massasoit Drive
$350,000
● House - Off Market

8 Massasoit Drive

Leicester, MA 01524
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,275 Ft²
$350,896
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

OFFERS DUE BY 4PM MONDAY ~ Welcome home to your little piece of paradise on Waite Pond in Leicester! This cute cape home features 3 bedrooms, 1 bath, gleaming hardwood floors, brand new windows, and other recent updates such as the water heater, electric panel & MORE! The entire home has been freshly painted and is completely ready for you to move in! You will love storing all your toys in the one-car garage! Enjoy nature at its finest out on your back deck. All located on a dead-end street within walking distance to a new basketball court & park! Don't let this one pass you by! Call today or check out the 360 tour online!
Unit Size
1,275 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$235
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1954

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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 years ago (MLSPIN #72830736)

Price History

Date / Event Date Event Price
Jun 18, 2021 Sold
Premium
Sold
May 13, 2021 Listed by DCU Realty - Marlboro $299,900
Listed by DCU Realty - Marlboro

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 12,640
  • Total Building Area: 1,275
  • Gross Building Area: 2,958
  • Building Area: 1,275
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • 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: 0000000290
  • 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: 735200

Zoning

  • Zoning: R1

Geography

  • Parcel: LEIC M:21A B:0000A29 L:0
  • Block: A29
  • Municipality: LEICESTER
  • Latitude: 42.2472
  • Longitude: -71.8923

    Address

  • Full Address: 8 Massasoit Dr
  • Address - House Number: 8
  • Address - Street Name: Massasoit
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Leicester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1104
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $460,000

    Appraisal Valuation

  • Standard Deviation: 0.197
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 417,806
  • High Value: 500,155
  • Low Value: 335,456

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $357,700
  • Assessed Land Value: $136,300
  • Assessed Improvements Value: $221,400

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jun 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85182
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

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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

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Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72830736

Frequently Asked Questions

When was property at 8 Massasoit Drive built and last sold?
The property at 8 Massasoit Drive was built in 1954 and last sold on Jun 18, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 8 Massasoit Drive is $0.
What are some comparable homes to 8 Massasoit Drive?
There are currently no comparable homes to 8 Massasoit Drive.
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