
Lot B W Princeton Road Westminster — Photo 1 of 19
$500,000
Investment Analysis — Lot B W Princeton Road
Westminster, MA 01473
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a home in 01473 carries an estimated $1,720/mo in gross rent — about a 1.94% cap rate and $9,686/yr in estimated NOI at the $500,000 list price. Adjust every assumption in the calculator below.
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Build your legacy on arguably Westminster's finest remaining estate lot. Rarely does a lot like this come to market: 7+/- acres crowned with spectacular, permanently protected views of Mount Wachusett, offering a rare combination of privacy, elevation, and land you can build your dream estate on. This is, without question, the finest building lot left in North Central Massachusetts. The setting is as private as it is beautiful. The land borders the Town of Westminster's Hager Park and the North County Land Trust's October Farm Preservation Project, surrounding your future home with conserved forest and open space that will never be developed. West Princeton Road turns to dirt at the boundary of the Wachusett Mountain State Reservation, effectively sealing off the area from future development and guaranteeing the peace and tranquility that drew you here in the first place. For buyers who want even more room to spread out, Lot 1 is available exclusively to the buyer of Lot 2, with flexible terms — including possible owner financing — making it easy to secure the full 10 acre estate parcel. Underbrush cleared and 3 passing perc tests allow for numerous home configurations. And you won't be far from anything. Wachusett Mountain Ski Area, Great Wolf Lodge, the 1764 Old Mill Restaurant, and Wachusett Brew Yard are all within a 10-minute drive, while Route 2 is just 1.6 miles away and the Wachusett MBTA commuter rail station only 4.8 miles — putting Boston and Route 128 well within easy reach. Country estate living, with the conveniences of civilization close at hand. This is exactly why buyers have made Westminster one of the most desirable places to move in Central MA. Need an architect and/or builder? We can help you with this as well and help you turn this gorgeous piece of land into the envy of..... pretty much everyone!
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.
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Listing Agent: Tracy Barber
Listing Office: Real Broker MA, LLC
MLS® Number: 73569763
