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Spencer 01562
1 Fourth Ave
$162,000
● House - Off Market

1 Fourth Ave

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$359,597
RealtyHop Estimate
114.68%
Since Aug 1, 2012
National-US
Primary Model

About This Property

Cute & cozy one owner ranch on generous corner lot (with ample room for garage addition).  Recently remodeled (2011) fully applianced kitchen with dining area that opens to large wraparound deck.  Three bedrooms all with ceiling fans and hardwoods under w/w carpet.  Updated bath.  Partially finished walk out basement.  Replacement windows and vinyl siding make for easy maintenance.  Conveniently located. Easy to show. Quick close possible!
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$153
Property Type
House
Property Taxes
$163
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71367872)

Price History

Date / Event Date Event Price
Jul 2, 2012 Sold
Premium
Sold
Apr 16, 2012 Listed by Rick McPhee Real Estate $167,500
Listed by Rick McPhee Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,600
  • Total Building Area: 1,092
  • Gross Building Area: 2,492
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPENCER
  • Land Acres: 0000000542
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Spencer-East Brookfield School District
  • School Tax School District: SPENCR-E BRKFLD
  • Census Tract: 726200

Geography

  • Parcel: SPEN M:00U24 B:00009 L:00000
  • Block: 9
  • Municipality: SPENCER
  • Latitude: 42.2448
  • Longitude: -72.0041

    Address

  • Full Address: 1 4th Ave
  • Address - House Number: 1
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Spencer
  • Carrier Code: C001
  • 4-Digit Zip Code: 2043
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $336,700

    Appraisal Valuation

  • Standard Deviation: 0.2065
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 376,308
  • High Value: 454,018
  • Low Value: 298,597

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $294,300
  • Assessed Land Value: $48,300
  • Assessed Improvements Value: $246,000

    Sales

  • Current Sale Recording Date: Jul 02, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000007
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Spencer

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$236

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1699 ft²

Average Home Age

84.4 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71367872

Frequently Asked Questions

When was property at 1 4th Avenue built and last sold?
The property at 1 4th Avenue was built in 1973 and last sold on Jan 1, 1970 for $162,000.
How much is this home worth?
The estimated value of the home located at 1 4th Avenue is $173,116.
What are some comparable homes to 1 4th Avenue?
There are currently no comparable homes to 1 4th Avenue.
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