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Quincy 02169 Quincy Point
16 Spence Avenue
$476,000
● House - Off Market

16 Spence Avenue

Quincy, MA 02169
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,800 Ft²
$664,475
RealtyHop Estimate
38.46%
Since May 1, 2020
MA-Boston
Primary Model

About This Property

JUST MOVE RIGHT IN, BEAUTIFUL CONDITION, WELL MAINTAINED HOME LOCATED JUST OUTSIDE THE SQUARE, NICE SIDE STREET BUT CONVENIENT TO EVERYTHING. WALK TO THE T STATION AND BUS LINE.  THREE GOOD-SIZED BEDROOMS WITH AMPLE CLOSET SPACE, ONE AND A HALF BATHS NEWLY REDONE. GREAT SPACE IN THE FINISHED BASEMENT.  DECK OVERLOOKING THE BACKYARD WITH  FENCED  IN YARD.  THIS HOUSE WILL NOT LAST, SINGLE OWNER IS MOVING SOUTH!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$267
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1955

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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: 6 months ago (MLSPIN #72614386)

Price History

Date / Event Date Event Price
Apr 8, 2020 Sold
Premium
Sold
Feb 1, 2020 Listed by RE/MAX Realty Plus $479,900
Listed by RE/MAX Realty Plus

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,583
  • Total Building Area: 1,260
  • Gross Building Area: 2,726
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000105
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Quincy School District
  • School Tax School District: QUINCY SD
  • Census Tract: 418002

Zoning

  • Zoning: RESB

Geography

  • Account Number: 825601
  • Parcel: QUIN M:2085D B:50 L:93
  • Block: 50
  • Lot: 93
  • Municipality: QUINCY
  • Latitude: 42.2416
  • Longitude: -70.9896

    Address

  • Full Address: 16 Spence Ave
  • Address - House Number: 16
  • Address - Street Name: Spence
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Quincy
  • Carrier Code: C051
  • 4-Digit Zip Code: 8007
  • Zip Code: 02169

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $603,300

    Appraisal Valuation

  • Standard Deviation: 0.1657
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 611,242
  • High Value: 712,535
  • Low Value: 509,950

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $535,300
  • Assessed Land Value: $250,000
  • Assessed Improvements Value: $285,300

    Sales

  • Current Sale Contract Date: Apr 07, 2020
  • Current Sale Recording Date: Apr 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1443628
  • Previous Sale Recording Date: Mar 05, 2008
  • Previous Sale Document Type: 48
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 Quincy Point

Stats & Trends

Median Asking:

$670,000

Sale Price/ft²

$469

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1356 ft²

Average Home Age

48.6 years

Currently For Sale

32 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: 6 months ago
Data Source: MLS PIN, MLS# 72614386

Frequently Asked Questions

When was property at 16 Spence Avenue built and last sold?
The property at 16 Spence Avenue was built in 1955 and last sold on Apr 7, 2020 for $476,000.
How much is this home worth?
The estimated value of the home located at 16 Spence Avenue is $501,243.
What are some comparable homes to 16 Spence Avenue?
There are currently no comparable homes to 16 Spence Avenue.
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