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Spencer 01562
1 Brown St
$230,000
● House - Off Market

1 Brown St

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$348,401
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Perfect starter, or downsize home. Very well maintained ranch, with bonus space on 2nd floor, possible bedroom use! Recently upgraded kitchen with custom cabinets, with good size garage under and walk-in/out basement. Quality built, and lovingly maintained home. Fairly recent driveway, roof, and chimney updated by seller, this is a turn-key home! Seller converted former walk-up attic to large bonus room used as office space, which could be converted into additional bedroom quite easily.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$164
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #72418139)

Price History

Date / Event Date Event Price
Dec 31, 2018 Sold
Premium
Sold
Oct 31, 2018 Listed by ERA Key Realty Services- Spenc $229,000
Listed by ERA Key Realty Services- Spenc
Apr 26, 2012 Sold
Premium
Sold
Jan 4, 2012 Listed by ERA Key Realty Services- Spenc $149,900
Listed by ERA Key Realty Services- Spenc

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 10,122
  • Total Building Area: 1,280
  • Gross Building Area: 3,088
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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:00U14 B:00027 L:00000
  • Block: 27
  • Municipality: SPENCER
  • Latitude: 42.2485
  • Longitude: -71.9921

    Address

  • Full Address: 1 Brown St
  • Address - House Number: 1
  • Address - Street Name: Brown
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C003
  • 4-Digit Zip Code: 1701
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $292,700

    Appraisal Valuation

  • Standard Deviation: 0.2065
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 341,891
  • High Value: 412,494
  • Low Value: 271,288

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $255,900
  • Assessed Land Value: $41,100
  • Assessed Improvements Value: $214,800

    Sales

  • Current Sale Contract Date: Dec 31, 2018
  • Current Sale Recording Date: Dec 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 138470
  • Previous Sale Recording Date: Apr 26, 2012
  • Previous Sale Amount: $143,000
  • Previous Sale Document Type: O
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:

$399,000

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1933 ft²

Average Home Age

110.6 years

Currently For Sale

10 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: 5 months ago
Data Source: MLS PIN, MLS# 72418139

Frequently Asked Questions

When was property at 1 Brown Street built and last sold?
The property at 1 Brown Street was built in 1957 and last sold on Dec 31, 2018 for $230,000.
How much is this home worth?
The estimated value of the home located at 1 Brown Street is $235,894.
What are some comparable homes to 1 Brown Street?
There are currently no comparable homes to 1 Brown Street.
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