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Worcester
86 Willow Hill Rd
$40,000
● Land - Off Market

86 Willow Hill Rd

Leicester, MA 01611
bedrooms
Studio
bathrooms
0 Bath
$49,577
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Contracters: This  beautiful easily commutable location of land with almost  2.5 acres is PERFECT if you can think outside the box. TOWN water and town sewer is right at street . With 50 feet of road frontage , a single family home is not probable for approval BUT there are many other creative options for this land . A 40-B project could be possible, with the appropriate town approval by the buyer. See attachments for proposed sketches by land engineer for 8 unit or 24 unit projects. Another possibility could be a two lot subdivision if town would approve a waiver for the two entrance roundings which are currently not there.  It's a beautiful wooded lot surrounded by trees on a quiet street yet minutes to Worcester!  Bring your ideas to make this wonderful location of land work for you!
Unit Size
-
Days on Market
-
Land Size
2.39 acres
Price per sqft
-
Property Type
Land
Property Taxes
$19
HOA Dues
-
Year Built
-

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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 #72920446)

Price History

Date / Event Date Event Price
Dec 9, 2021 Sold
Premium
Sold
Nov 16, 2021 Listed by ERA Key Realty Services- Spenc $45,000
Listed by ERA Key Realty Services- Spenc

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 104,111
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000002390
  • Standard Land Use Code: 8001
  • County Land Use Code: 131

Neighborhood

  • School District Name: Leicester School District
  • School Tax School District: LEICESTER SD
  • Census Tract: 735200

Geography

  • Parcel: LEIC M:24A B:00A49.1 L:0
  • Block: A49.1
  • Municipality: LEICESTER
  • Latitude: 42.2391
  • Longitude: -71.887

    Address

  • Full Address: 86 Willow Hill Rd
  • Address - House Number: 86
  • Address - Street Name: Willow Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Cherry Valley
  • Carrier Code: C001
  • 4-Digit Zip Code: 3044
  • Zip Code: 01611

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,800
  • Assessed Land Value: $15,800

    Sales

  • Current Sale Contract Date: Dec 06, 2021
  • Current Sale Recording Date: Dec 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 172082
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# 72920446

Frequently Asked Questions

When was property at 86 Willow Hill Road built and last sold?
The property at 86 Willow Hill Road was built in and last sold on Dec 6, 2021 for $40,000.
How much is this home worth?
The estimated value of the home located at 86 Willow Hill Road is $45,450.
What are some comparable homes to 86 Willow Hill Road?
There are currently no comparable homes to 86 Willow Hill Road.
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