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Spencer 01562
1 Spring St
$360,000
● House - Off Market

1 Spring St

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,599 Ft²
$381,272
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

It just doesn't get much better than this. You'll love the high beamed and vaulted ceilings with skylights everywhere. This time of year if perfect to enjoy the pellet stove fireplace and once summer hits you'll be ready to cool off by the beautiful pool in the back yard and if that wasn't enough then you can enjoy a relaxing evening in the whirlpool tub. The seller even installed a $7,000 Puronics water conditioning system. This home simply has so much to offer and is ready for it's new owners.
Unit Size
1,599 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$228
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1948

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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 #73059474)

Price History

Date / Event Date Event Price
Feb 27, 2023 Sold
Premium
Sold
Feb 8, 2023 In contract -
In contract
Nov 17, 2022 Listed by RE-Connect, LLC $364,900
Listed by RE-Connect, LLC
Apr 24, 2019 Sold
Premium
Sold
Mar 13, 2019 Listed by RE-Connect, LLC $245,000
Listed by RE-Connect, LLC
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 11,825
  • Total Building Area: 1,599
  • Gross Building Area: 3,171
  • Building Area: 1,599
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,599
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000271
  • 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:00U06 B:00056 L:00000
  • Block: 56
  • Municipality: SPENCER
  • Latitude: 42.2487
  • Longitude: -71.9823

    Address

  • Full Address: 1 Spring St
  • Address - House Number: 1
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C004
  • 4-Digit Zip Code: 2222
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $363,700

    Appraisal Valuation

  • Standard Deviation: 0.244
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 373,235
  • High Value: 464,315
  • Low Value: 282,156

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $317,900
  • Assessed Land Value: $41,800
  • Assessed Improvements Value: $276,100

    Sales

  • Current Sale Contract Date: Feb 27, 2023
  • Current Sale Recording Date: Feb 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15953
  • Previous Sale Recording Date: Apr 24, 2019
  • Previous Sale Contract Date: Apr 17, 2019
  • Previous Sale Amount: $245,000
  • 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:

$399,900

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73059474

Frequently Asked Questions

When was property at 1 Spring Street built and last sold?
The property at 1 Spring Street was built in 1948 and last sold on Feb 27, 2023 for $360,000.
How much is this home worth?
The estimated value of the home located at 1 Spring Street is $364,629.
What are some comparable homes to 1 Spring Street?
There are currently no comparable homes to 1 Spring Street.
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