20 days on rocket

114 Mechanic St, Leominster, MA, 01453

$685,000

Home List Price

$8,134*

Closing Credit

5 Bedrooms
4 Full Baths
3,465 SqFt
$198/SqFt
Multi

Location

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114 Mechanic St, Leominster$685,000

Buyer Closing Credits

$8,134*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street
Garage2 spaces
Year Built1900
HeatingElectric, Natural Gas
CoolingNone
BasementYes
MLS #73302487
Lot Size0.15 Acres
StatusActive

About 114 Mechanic St

**Attention Investors!** Cash-flowing, fully-occupied 3-family home with a bonus loft/in-law suite in a prime location! The property features two 1-bedroom units on the first floor, a spacious 3-bedroom unit on the second floor, and a loft-style in-law suite on the third floor. All units are currently rented with great tenants under lease agreements, ensuring immediate income. Tenants have access to a shared laundry area for added convenience. The property boasts a 2-car detached garage and ample additional parking. Located just minutes from downtown, shops, restaurants, and major highways, this property offers both convenience and appeal for tenants. Perfect for investors looking for a turn-key, cash-flowing opportunity with long-term upside! Don’t miss out!

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 3,465 SqFt

Listing Office:

  • Office Name: 1 Worcester Homes
  • Office Phone: (508) 459-1876
  • Listing Agent: Luiz Fernando Coelho

Interior Features

Interior Information:

  • Appliances: Washer, Dryer, Range, Refrigerator
  • Basement: Yes
  • Interior: Laundry Room, Mudroom, Living Room, Kitchen, Dining Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Paved Drive, Off Street

Lot Features

Lot Information:

  • Lot: Cleared, Level
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Electric, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: USE GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $685,000
  • Price Per SqFt: $198/SqFt

Tax Information:

  • Annual Amount: $6,037
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Leominster, MA.

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Leominster, MA

City

Med. Sold Price

$437.5K

Med. Price/SqFt

$258

Avg. Days On Market

24

# of Sold Homes

31

114 Mechanic St vs Leominster

20 DAYS ON ROCKET

-4 Days

$685,000

+$247.5K More

$198/SqFt

-$60 Less

KEY TAKEAWAY

This property is $247.5K more than the Median Sold Price and $60/SqFt less than other homes in Leominster, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73302487

Listing Office:

  • Office Name: 1 Worcester Homes
  • Office Phone: (508) 459-1876
  • Listing Agent: Luiz Fernando Coelho

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/4/2024, 11:55:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 16, 2001Home Sold
$185,000
Apr 27, 1989Home Sold
$162,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,037$333,000
2020$5,261$292,600
2019$5,369$289,600
2018$5,063$261,900
2017$4,423$224,200

History based on county public records data.

Payment Calculator

$3,486

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,120

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1826008
4
/10

  • Southeast School

  • 95 Viscoloid Ave

  • 0.65 miles

  • Public District Grades KG-5

school-card-donut-1826009
4
/10

  • Northwest

  • 45 Stearns Ave

  • 0.93 miles

  • Public District Grades KG-5

school-card-donut-1826010
6
/10

  • Johnny Appleseed

  • 845 Main St

  • 2.01 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,396. The majority of Leominster, MA residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Worcester County›Leominster›01453›114 Mechanic St

This home is located at 114 Mechanic St in Leominster, MA and zip code 01453. This 3,465 square foot home, which was built in 1900, sits on a 0.15 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $685,000.

While more than 23 listings in Leominster, MA in October 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 4 were sold below. In October 2024 in Leominster, MA there were 8.7% less homes for sale than in September 2024. Listings spent 24 days on the market in October 2024, and had a median list price of $437,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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