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1003 Main St, Leicester, MA, 01524

10beds
3baths
4,888sqft
$374,500
$77price/sqft
$3,420/moest. monthly cost
$136,800/yrincome needed

About This Home

Historic 2.5-story single-family offering a rare opportunity for investors, contractors, or redevelopment-minded buyers. This expansive 14-room home features generous living space, strong architectural character, and a versatile layout with potential for multifamily conversion (buyer to perform due diligence with the building department). The property also includes an oversized barn-style garage and a 9-car corner lot driveway for future possibilities. Ideal for investors with a vision for transformation, this property offers tremendous upside potential for rental income, resale, or long-term appreciation. The scale, layout, and historic charm create flexibility rarely found in today’s market. Conveniently located in the heart of Leicester, just minutes from Worcester, with easy access to local amenities, schools, and major routes. Bring your ideas and restore this unique property to its full potential!

Getting Around

50
WalkingSomewhat Walkable
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
Leicester Middle SchoolGrades 5-80.5 mi
4/10
Leicester High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1791

Materials

  • Foundation: Stone
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial,Victorian
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Wood,Tile,Vinyl
  • Finished area above ground: 4,888

Heating & Cooling

  • Heating features: Oil
  • Cooling features: None

Interior Area

  • Total structure area: 4,888
  • Total interior livable area: 4,888 sqft

Property

Details

  • Parcel number: M:20C B:0000A10 L:0,1558404
  • Zoning: R2
  • Special condition: Real Estate Owned

Lot

  • Lot size: 0.67 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 11
  • Parking features: Detached,Off Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 9

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Ice Storm
Cold Wave
Hurricane
Inland Flooding
Lightning
Strong Wind

FEMA Declared Disasters Across Massachusetts Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,893$22,716
Home Insurance *$174$2,088
Property Taxes $390$4,680
Electricity $963$11,566
Total$3,420$41,040
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$117,257/yr
40% on housing$102,600/yr
45% on housing$91,200/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$77This listing

vs Other Active Listings

Avg $/sqft

ZIP 01524$241
Worcester County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 01524$216
Worcester County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-01-15Listing removed$600,000
2026-01-06Price change$600,000
2025-10-30Listed for sale$500,000
2025-10-22Listing removed$500,000
2025-10-20Listed for sale$500,000
2024-10-26Listing removed$600,000
2024-09-11Price change$600,000
2024-08-30Listed for sale$625,000
2024-08-05Listing removed$625,000
2024-07-27Listed for sale$625,000

Unknown Listed By

AgentMission Impossible Team
BrokerageUnited Brokers

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