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Worcester 01562
1 Norcross Rd
$306,400
● House - Off Market

1 Norcross Rd

Spencer, MA 01562
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,590 Ft²
$445,023
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

Beautiful country road leads to this custom cape on pretty 3.2 acre lot. Newer roof, fresh interior paint and carpet, brand new exterior paint, move right in! Long winding drive leads to total privacy. Interior has shiplap  pine boards on walls and ceilings in living room and some bedrooms giving a very relaxed homey feeling. Huge lower level family room leads to two car garage. This is the BEST deal in town!!!
Unit Size
2,590 Ft²
Days on Market
-
Land Size
3.20 acres
Price per sqft
$116
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1988

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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 #72432074)

Price History

Date / Event Date Event Price
Apr 26, 2019 Sold
Premium
Sold
Dec 12, 2018 Listed by Park Avenue Realty Associates $299,900
Listed by Park Avenue Realty Associates
Oct 4, 2017 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 139,279
  • Total Building Area: 2,897
  • Gross Building Area: 5,985
  • Building Area: 2,897
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,897
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003197
  • 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: 726100

Geography

  • Parcel: SPEN M:00R40 B:00003 L:00000
  • Block: 3
  • Municipality: SPENCER
  • Latitude: 42.2585
  • Longitude: -72.0237

    Address

  • Full Address: 1 Norcross Rd
  • Address - House Number: 1
  • Address - Street Name: Norcross
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R003
  • 4-Digit Zip Code: 1307
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $594,400

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 563,629
  • High Value: 659,028
  • Low Value: 468,229

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $519,600
  • Assessed Land Value: $62,800
  • Assessed Improvements Value: $456,800

    Sales

  • Current Sale Contract Date: Mar 08, 2019
  • Current Sale Recording Date: Apr 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 36849
  • Previous Sale Recording Date: Oct 04, 2017
  • Previous Sale Amount: $338,069
  • Previous Sale Document Type: 34
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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72432074

Frequently Asked Questions

When was property at 1 Norcross Road built and last sold?
The property at 1 Norcross Road was built in 1988 and last sold on Mar 8, 2019 for $306,400.
How much is this home worth?
The estimated value of the home located at 1 Norcross Road is $303,735.
What are some comparable homes to 1 Norcross Road?
There are currently no comparable homes to 1 Norcross Road.
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