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Worcester 01562
16 Shore Dr
$545,000
● House - Off Market

16 Shore Dr

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,512 Ft²
$551,318
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Welcome to this lake house- a year around vacation home.  Enjoy your cup of coffee on the water front deck every morning. Then have your zoom meeting in front of the fireplace. At a lunch break you kayak around the Thompson Pond.  What's a life style? It has been through a total renovation--every part of the house is new materials, except the frame and foundation** new well **new septic ** Energy efficient**
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$360
Property Type
House
Property Taxes
$196
HOA Dues
$13
Year Built
2020

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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 #72971436)

Price History

Date / Event Date Event Price
Jun 16, 2022 Sold
Premium
Sold
Apr 26, 2022 Listed by Charlton Realty $545,000
Listed by Charlton Realty
Aug 31, 2020 Sold
Premium
Sold
Jul 23, 2020 Listed by Charlton Realty $139,900
Listed by Charlton Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 6,375
  • Total Building Area: 783
  • Gross Building Area: 2,570
  • Building Area: 783
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 783
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • 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:00U35 B:00023 L:00000
  • Block: 23
  • Municipality: SPENCER
  • Latitude: 42.2981
  • Longitude: -71.9728

    Address

  • Full Address: 16 Shore Dr
  • Address - House Number: 16
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 2914
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $536,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 532,729
  • High Value: 618,922
  • Low Value: 446,536

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $468,600
  • Assessed Land Value: $105,400
  • Assessed Improvements Value: $363,200

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Jun 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 65871
  • Previous Sale Recording Date: Aug 31, 2020
  • Previous Sale Contract Date: Aug 29, 2020
  • Previous Sale Amount: $162,500
  • Previous Sale Document Type: O

    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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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# 72971436

Frequently Asked Questions

When was property at 16 Shore Drive built and last sold?
The property at 16 Shore Drive was built in 2020 and last sold on Jun 16, 2022 for $545,000.
How much is this home worth?
The estimated value of the home located at 16 Shore Drive is $542,278.
What are some comparable homes to 16 Shore Drive?
There are currently no comparable homes to 16 Shore Drive.
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