Lot 5 Laurel Lane Princeton — Photo 1 of 7
$195,000
Investment Analysis — Lot 5 Laurel Lane
Princeton, MA 01541
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01541 carries an estimated $1,480/mo in gross rent — about a 5.80% cap rate and $11,305/yr in estimated NOI at the $195,000 list price. Adjust every assumption in the calculator below.
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BEAUTIFUL BUILDABLE LOT IN PRINCETON, MA! Lot 5 is on a quiet cul-de-sac street off Rocky Pond Rd. With so much of the leg work done the next step is applying for a building permit! Perc test done 11/02, Septic Design for 5 BR home done 2/03. Land to be surveyed July of /26! Will be staked and ready to start the excavation work and choose the home design of your dreams. The land is wooded and the obvious building envelope is up a slope from the cul-de-sac. It is not a property for someone looking for a flat grassy back yard. It is more suited for a "cabin in the woods" type home, with perhaps a large deck to enjoy nature, the woods and no yard work. Property abutts both Laurel Ln & 31. Leominster State Forest & Crows Hill Pond across the street! Minutes from 140 or 31, which take you to Rt 2 (5 mins) or 190 (in ten), or the train to North Station. Ideal commuting but when you are home, the outdoor activities are abundant w/ year-round fun..skiing, tennis, biking, hiking & more. Princeton's Thomas Prince highly rated K-8 school, thoughtful commerce and amazing recreational opportunities make this town a top choice for many. And, Mt Wachusett and Wachusett Meadows Audubon only begin to describe the luxuries of living here. Please do not hike the property without appt!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Tennis Court(s) • Park • Walk/Jog Trails • Bike Path • Conservation Area • Highway Access
Geography
Listing Agent: Janet Schoeny
Listing Office: RE/MAX Vision
MLS® Number: 73550487