297 Highland Ave Leominster, MA 01453

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4 beds · 2 baths · 1,800 sq ft · Lot Size: 34,848 sq ft · Single Family Home · West Leominster
Est. Property Value: $439,083

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297 Highland Ave is in the West Leominster neighborhood of Leominster, MA. It is located in Worcester County and ZIP code 01453. This Single Family Home was built in 1961 and is approximately 64 years old. The single family home spans 1800 sq ft with 4 bedrooms and 2 bathrooms and sits on a 34848 sq ft lot. According to public records, it was sold for $320,000 and has a tax-assessed value of $470,725, which is $244 per sq ft. The West Leominster area of Leominster has 501 residential homes with an average size of 2452 sq ft. Analyze and compare real estate investment strategies for properties like this home at 297 Highland Ave Leominster, MA 01453 with Property Intel by Whitepages.

297 Highland Ave

Leominster, MA 01453

Owner Info

Owners & Occupancy for 297 Highland Ave

This property is owned by Michael J Hannigan. Owner contact information includes 6 phone numbers and 1 email address.

Property Owners

Cell Phone(518) ***-****View Cell Phone
Residence**************
Landline(716) 564-3008
Distance from Property**********
Email Address************@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************ age 64
Resident 2****************** age 64

Property Financials for 297 Highland Ave

297 Highland Ave, Leominster, MA has a mortgage from Wells Fargo Bk (orig. August 30, 2011). The Worcester county assessment for 2024 values it at $470,725, with annual taxes of $6,741.

Mortgage & Equity Information

Loan Amount$******
LenderWells Fargo Bk
Origination DateAugust 30, 2011
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date******************
Equity View Equity

Property Tax

Property Tax Amount$6,741 in 2024
Purchase Price$320,000
Assessed Value$470,725 on 2024

Investment Potential for 297 Highland Ave

The property has a current estimated value of $439,083, which is 24% below the neighborhood median, based on public records. It last sold for $320,000. Projected long-term
is $44,400 annually ($3,700 per month) with a 95% occupancy rate.

Discover more Single Family Homes in West Leominster.

Long-Term

Gross Rental
$44,400 per year($3,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 01453 zip code
 
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Property Details for 297 Highland Ave

Property Details

Property Sq Ft

Living Area

1,800 sq ft

27% below market

Lot Size

34,848 sq ft

48% above market

Price Per Sq Ft

Living Area

$244 / sq ft

1% above market

Lot Size Area

$13 / sq ft

54% below market

Property condition, age, exterior, etc. for 297 Highla…
Longitude: -71.76796 Latitude: 42.545506 Parcel Number (APN): LEOM-000188-000003…

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Market Benchmarks

Compare data for 297 Highland Ave in Worcester County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$439,083
$797,821
-$358,737 (-45%)
$1,067,609
-$456,105 (-43%)
YoY Price Change
Year Built
1961
1969
-8 years
Living Space
1,800 sq ft
2,408 sq ft
-608 (-25%)
$ Per Living Sq Ft
$244
$339
-$95 (-28%)
Lot Size
34,848 sq ft
22,216 sq ft
12632 (57%)
$ Per Lot Sq Ft
$13
$36
-$23 (-65%)

Net Operating Income
$24,683
$3,829 (16%)
Annual Revenue
$44,400
$44,400
$0 (0%)
$20,488
-$4,600 (-22%)
Net Operating Income
$24,683
$3,829 (16%)
Cap Rate
3.12%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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