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Worcester 01562
116 Northwest Rd
$209,000
● House - Off Market

116 Northwest Rd

Spencer, MA 01562
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,642 Ft²
$301,304
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

This sprawling 4 bedroom cape is a blank slate ready for you finishing touches. Settled on over 7 acres of land with large detached barn is the perfect addition to the property. The large kitchen is ready to be finished around the huge island with breakfast bar, its the perfect place to pull up a stool and enjoy your morning coffee or unwind after long day. A sliding door in the kitchen leads to a large private rear deck and pool area.  The house offers a sun soaked living room with fireplace, large dining area and huge pine covered sun-room! Still looking for more enjoy the first floor bedroom and full bath just off the sun-room. The second story boasts three good sized bedrooms and full bath with beautiful tiled shower. The master bedroom has two large closets and an small nook perfect for a desk.
Unit Size
2,642 Ft²
Days on Market
-
Land Size
7.52 acres
Price per sqft
$81
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1960

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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 #72603101)

Price History

Date / Event Date Event Price
Apr 13, 2023 Sold
Premium
Sold
Jun 26, 2020 Sold
Premium
Sold
Mar 9, 2020 Sold
Premium
Sold
Dec 30, 2019 Listed by EXIT Real Estate Executives $214,900
Listed by EXIT Real Estate Executives

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 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: 327,458
  • Total Building Area: 2,354
  • Gross Building Area: 4,848
  • Building Area: 2,354
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,354
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007517
  • 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:00R52 B:00004 L:00000
  • Block: 4
  • Municipality: SPENCER
  • Latitude: 42.2873
  • Longitude: -72.0243

    Address

  • Full Address: 116 Northwest Rd
  • Address - House Number: 116
  • Address - Street Name: Northwest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 1016
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $509,000

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 540,805
  • High Value: 637,158
  • Low Value: 444,451

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $444,900
  • Assessed Land Value: $52,900
  • Assessed Improvements Value: $392,000

    Sales

  • Current Sale Contract Date: Apr 13, 2023
  • Current Sale Recording Date: Apr 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28450
  • Previous Sale Recording Date: Jun 26, 2020
  • Previous Sale Contract Date: Jun 03, 2020
  • Previous Sale Amount: $209,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72603101

Frequently Asked Questions

When was property at 116 Northwest Road built and last sold?
The property at 116 Northwest Road was built in 1960 and last sold on Apr 13, 2023 for $572,000.
How much is this home worth?
The estimated value of the home located at 116 Northwest Road is $243,256.
What are some comparable homes to 116 Northwest Road?
There are currently no comparable homes to 116 Northwest Road.
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