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138 Hobbs Rd Princeton — Photo 1 of 39

138 Hobbs Rd Princeton — Photo 1 of 39

$699,900

Investment Analysis — 138 Hobbs Rd

Princeton, MA 01541

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 4-bedroom in 01541 carries an estimated $2,640/mo in gross rent — about a 2.36% cap rate and $16,495/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,760

Style

Single Family

Built

1980

Love where you live! Set in the scenic town of Princeton, this spacious 4-bedroom, 2.5-bath New England home offers 2,760 sq. ft. of living space with generous sized rooms and a great layout designed for both everyday living and entertaining. A bonus room over the garage adds valuable flexibility for a home office, playroom, media room, gym or potential in-law area. Step outside to the screened porch, a perfect spot for morning coffee, summer dinners or simply relaxing and enjoying the peaceful surroundings. The wooded lot provides plenty of privacy, complemented by beautifully manicured landscaping. Thoughtful improvements add to the home’s appeal, including newer Harvey windows (2024), a new driveway and walkway (2024), gutter guards (2021) and low-maintenance vinyl siding. But the lifestyle here extends well beyond the house. Princeton is an outdoor enthusiast’s dream, with Wachusett Mountain nearby for skiing and hiking, along with miles of trails and beautiful places to explore throughout town. You are also only 2 miles from one of the Leominster State Forest Trails off Justice Hill Cutoff and from Stuart Pond in Sterling which allows fishing and non-motorized paddling, including canoeing and kayaking. Families will also appreciate Princeton’s elementary and middle school learning environment, which incorporates a STEM-focused approach to education. With plenty of room to spread out, a versatile floor plan, privacy and four-season recreation close by, this is a home—and a location—you’ll want to experience in person!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,760 sq ft principal dwelling). Lot size: 91,912 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.

Open Houses

Property Details

Financials

Original Price$699,900
Annual Taxes$7,582

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Unfinished

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres2.11
SqFt Lot91,912
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Walk/Jog Trails • Conservation Area • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

18 x 12

Flooring - Wall to Wall Carpet

Dining Room
Lvl First

13 x 12

Flooring - Wall to Wall Carpet, Wainscoting

Kitchen
Lvl First

24 x 10

Flooring - Hardwood, Dining Area, Pantry, Breakfast Bar / Nook

Family Room
Lvl First

19 x 13

Flooring - Wall to Wall Carpet

Primary Bedroom
Lvl Second

18 x 13

Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

16 x 13

Bedroom 3
Lvl Second

14 x 12

Closet, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

11 x 10

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

6 x 4

Bathroom - Half

Bathroom 2
Lvl Second

8 x 8

Bathroom - With Shower Stall

Bathroom 3
Lvl Second

9 x 8

Bathroom - With Tub & Shower, Double Vanity

Listing Provided By

Listing Agent: Karen Packard

Listing Office: Karen Packard Real Estate Inc.

MLS® Number: 73577200