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Palmer Town 01009
102 State St
$370,000
● House - Off Market

102 State St

Palmer, MA 01069
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,404 Ft²
$2,169
Est. Monthly

About This Property

Welcome home to this quaint 4 bed, 2 bath home nestled off the road on a beautiful, private 3.75 acre lot. The first floor features an open concept living and dining area, with recently refinished hardwood floors! Along with 2 spacious bedrooms and an updated bathroom. Make your way upstairs to find an additional 2 large bedrooms and another full bath! Walk out of the basement into a garage, and an additional garage/ storage shed just steps away! This home has many updates done in the past few years, including the roof, pellet stove and a new garage door. Outside you will also find large garden beds with drip irrigation! This hidden gem is just waiting for its new owners!
Unit Size
1,404 Ft²
Days on Market
-
Land Size
3.75 acres
Price per sqft
$242
Property Type
House
Property Taxes
$500
HOA Dues
-
Year Built
1958

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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 #73216076)

Price History

Date / Event Date Event Price
Apr 16, 2024 Sold
Premium
Sold
Mar 28, 2024 In contract -
In contract
Mar 25, 2024 Listed by Byrnes Real Estate Group LLC $339,900
Listed by Byrnes Real Estate Group LLC
Aug 31, 2020 Sold
Premium
Sold
Jul 16, 2020 Listed by Byrnes Real Estate Group LLC $250,000
Listed by Byrnes Real Estate Group LLC
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 1
  • 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: 163,350
  • Total Building Area: 1,404
  • Gross Building Area: 2,988
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003750
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Palmer School District
  • Census Tract: 810200

Geography

  • Parcel: PALM M:87 B:2
  • Block: 2
  • Municipality: PALMER
  • Latitude: 42.209
  • Longitude: -72.3368

    Address

  • Full Address: 102 State St
  • Address - House Number: 102
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: MA
  • City Name: Palmer
  • Carrier Code: R002
  • 4-Digit Zip Code: 9634
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $599,400

    Appraisal Valuation

  • Standard Deviation: 0.1998
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 356,670
  • High Value: 427,935
  • Low Value: 285,405

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $295,000
  • Assessed Land Value: $71,100
  • Assessed Improvements Value: $223,900

    Sales

  • Current Sale Contract Date: Aug 20, 2020
  • Current Sale Recording Date: Aug 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 48391
  • Previous Sale Recording Date: Aug 28, 2018
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Palmer Town

Stats & Trends

Median Asking:

$339,950

Sale Price/ft²

$224

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2255 ft²

Average Home Age

73.1 years

Currently For Sale

30 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# 73216076

Frequently Asked Questions

When was property at 102 State Street built and last sold?
The property at 102 State Street was built in 1958 and last sold on Aug 20, 2020 for $255,000.
How much is this home worth?
The estimated value of the home located at 102 State Street is $332,681.
What are some comparable homes to 102 State Street?
There are currently no comparable homes to 102 State Street.
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