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Spencer 01562
119A Mechanic Street
$138,000
● House - Off Market

119A Mechanic Street

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,150 Ft²
$370,613
RealtyHop Estimate
168.56%
Since Oct 1, 2001
National-US
Primary Model
Unit Size
1,150 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$120
Property Type
House
Property Taxes
$101
HOA Dues
-
Year Built
1970

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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 years ago (MLSPIN #30523245)

Price History

Date / Event Date Event Price
May 13, 2019 Sold
Premium
Sold
Mar 27, 2019 Listed by RE/MAX First Choice R. E. $225,000
Listed by RE/MAX First Choice R. E.
Sep 27, 2001 Sold
Premium
Sold
Jul 13, 2001 Listed by RE/MAX First Choice R. E. $138,000
Listed by RE/MAX First Choice R. E.

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 11,850
  • Total Building Area: 1,008
  • Gross Building Area: 2,272
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000272
  • 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:00U02 B:00040 L:00000
  • Block: 40
  • Municipality: SPENCER
  • Latitude: 42.236
  • Longitude: -71.9914

    Address

  • Full Address: 119a Mechanic St
  • Address - House Number: 119a
  • Address - Street Name: Mechanic
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C007
  • 4-Digit Zip Code: 2565
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $319,900

    Appraisal Valuation

  • Standard Deviation: 0.1719
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 335,612
  • High Value: 393,334
  • Low Value: 277,890

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $279,600
  • Assessed Land Value: $41,800
  • Assessed Improvements Value: $237,800

    Sales

  • Current Sale Contract Date: Apr 12, 2019
  • Current Sale Recording Date: May 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 42895
  • Previous Sale Recording Date: Nov 21, 2012
  • Previous Sale Document Type: 27
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:

$389,950

Sale Price/ft²

$216

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1587 ft²

Average Home Age

122.2 years

Currently For Sale

5 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 years ago
Data Source: MLS PIN, MLS# 30523245

Frequently Asked Questions

When was property at 119A Mechanic Street built and last sold?
The property at 119A Mechanic Street was built in 1970 and last sold on Apr 12, 2019 for $211,375.
How much is this home worth?
The estimated value of the home located at 119A Mechanic Street is $226,961.
What are some comparable homes to 119A Mechanic Street?
There are currently no comparable homes to 119A Mechanic Street.
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