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Spencer 01562
1 Rene Dr
$299,000
● House - Off Market

1 Rene Dr

Spencer, MA 01562
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,764 Ft²
$505,726
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Pristine cape lovingly care for by same owner for more than 50 years.  This home features first floor~formal living room, family room with cathedral ceilings and gas stove, formal dining room, cabinet packed kitchen, 3 spacious bedrooms and a full bath.  2nd floor features over sized master bedroom and 2nd large bedroom.  Basement is fully finished walk out and features game room/media room, and 3 offices with private entrance.  2 car garage under.  Sit on your low maint. composite deck and enjoy your 1.4+ park like grounds. This home would be great for in law , or home office.  Great location minutes to rt 9 and downtown, but quite and private.  A must see.
Unit Size
2,764 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$109
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1963

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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 #72050985)

Price History

Date / Event Date Event Price
Oct 28, 2016 Sold
Premium
Sold
Aug 9, 2016 Listed by RE/MAX Prof Associates $299,900
Listed by RE/MAX Prof Associates

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 60,871
  • Total Building Area: 3,008
  • Gross Building Area: 5,509
  • Building Area: 3,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001397
  • 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:00U15 B:00031 L:00000
  • Block: 31
  • Municipality: SPENCER
  • Latitude: 42.249
  • Longitude: -71.986

    Address

  • Full Address: 1 Rene Dr
  • Address - House Number: 1
  • Address - Street Name: Rene
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Spencer
  • Carrier Code: C003
  • 4-Digit Zip Code: 1854
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $593,900

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 587,891
  • High Value: 687,397
  • Low Value: 488,385

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $519,100
  • Assessed Land Value: $56,500
  • Assessed Improvements Value: $462,600

    Sales

  • Current Sale Recording Date: Oct 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 123663
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72050985

Frequently Asked Questions

When was property at 1 Rene Drive built and last sold?
The property at 1 Rene Drive was built in 1963 and last sold on Jan 1, 1970 for $299,000.
How much is this home worth?
The estimated value of the home located at 1 Rene Drive is $303,499.
What are some comparable homes to 1 Rene Drive?
There are currently no comparable homes to 1 Rene Drive.
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