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Spencer 01562
16 Olde Main St
$46,371
● House - Off Market

16 Olde Main St

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,170 Ft²
$90,613
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Check out this diamond in the rough in Spencer, MA! This property boasts a large open 1st floor and 3 bedrooms on a large private lot. There is a ton of potential here! This property will need cash or rehab loan offers. Priced to sell, make your appointment to see this one today!
Unit Size
1,170 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$51
Property Type
House
Property Taxes
$137
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72338930)

Price History

Date / Event Date Event Price
Jul 19, 2019 Sold
Premium
Sold
Sep 19, 2018 Sold
Premium
Sold
Jun 1, 2018 Listed by LAER Realty Partners $59,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 27,750
  • Total Building Area: 1,160
  • Gross Building Area: 1,958
  • Building Area: 1,160
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,160
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000637
  • 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:00U12 B:00049 L:00000
  • Block: 49
  • Municipality: SPENCER
  • Latitude: 42.2383
  • Longitude: -72.0075

    Address

  • Full Address: 16 Olde Main St
  • Address - House Number: 16
  • Address - Street Name: Olde Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C001
  • 4-Digit Zip Code: 2454
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $221,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0856
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 175,518
  • High Value: 190,558
  • Low Value: 160,478

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $194,000
  • Assessed Land Value: $44,900
  • Assessed Improvements Value: $149,100

    Sales

  • Current Sale Contract Date: Jul 19, 2019
  • Current Sale Recording Date: Jul 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 69869
  • Previous Sale Recording Date: Sep 19, 2018
  • Previous Sale Amount: $46,371
  • 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

$234

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1739 ft²

Average Home Age

89 years

Currently For Sale

9 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: 4 months ago
Data Source: MLS PIN, MLS# 72338930

Frequently Asked Questions

When was property at 16 Olde Main Street built and last sold?
The property at 16 Olde Main Street was built in 1945 and last sold on Jul 19, 2019 for $45,500.
How much is this home worth?
The estimated value of the home located at 16 Olde Main Street is $69,722.
What are some comparable homes to 16 Olde Main Street?
There are currently no comparable homes to 16 Olde Main Street.
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