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Palmer Town 01069
126 State St
$241,000
● House - Off Market

126 State St

Palmer, MA 01069
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,218 Ft²
$1,515
Est. Monthly

About This Property

Don't miss out on this great opportunity for this 3 bedroom ranch style home set on beautiful 1.03 acre lot! This property features a 1 car attached garage, generator hook up w/portable generator included, large eat-in kitchen, stove, refrigerator, portable dishwasher, washer & dryer included, brick fireplace in living room, cedar closet, lots of hardwood flooring, newer boiler, detached screened in porch w/outside fireplace, town sewer, and shed. Deferred showings until Sunday 9/24 @ OH.  Needs updating & TLC. Strictly being sold "as-is." Subject to seller obtaining license to sell. Offer's due for review Wed- 11/1 @ noon!
Unit Size
1,218 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$193
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1956

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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: 5 months ago (MLSPIN #73161826)

Price History

Date / Event Date Event Price
Feb 29, 2024 Sold
Premium
Sold
Nov 3, 2023 In contract -
In contract
Oct 25, 2023 Relisted $235,000
Relisted
Oct 1, 2023 In contract -
In contract
Sep 20, 2023 Listed by Berkshire Hathaway HomeServices Realty Professionals $235,000
Listed by Berkshire Hathaway HomeServices Realty Professionals

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 44,867
  • Total Building Area: 1,218
  • Gross Building Area: 3,958
  • Building Area: 1,218
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,218
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • 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:11
  • Block: 11
  • Municipality: PALMER
  • Latitude: 42.2092
  • Longitude: -72.3328

    Address

  • Full Address: 126 State St
  • Address - House Number: 126
  • 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: $432,400

    Appraisal Valuation

  • Standard Deviation: 0.0869
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 236,595
  • High Value: 257,262
  • Low Value: 215,928

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $212,800
  • Assessed Land Value: $60,600
  • Assessed Improvements Value: $152,200

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 8576
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

0.02%

Average Days on Market

55

Average Home Size

2229 ft²

Average Home Age

69.6 years

Currently For Sale

29 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73161826

Frequently Asked Questions

When was property at 126 State Street built and last sold?
The property at 126 State Street was built in 1956 and last sold on Feb 29, 2024 for $241,000.
How much is this home worth?
The estimated value of the home located at 126 State Street is $241,702.
What are some comparable homes to 126 State Street?
There are currently no comparable homes to 126 State Street.
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