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Spencer 01562
16 Sunset Ln
$330,000
● House - Off Market

16 Sunset Ln

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,300 Ft²
$339,720
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

This beautifully updated 2 bedroom, 1 bath Split Entry home is move in ready.  Updated kitchen with Granite, updated Bath and fully updated basement family room.  Enjoy the new private deck this Spring. All the work has been done!  This is a Homepath property.
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$254
Property Type
House
Property Taxes
$222
HOA Dues
-
Year Built
1977

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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 #72939524)

Price History

Date / Event Date Event Price
Mar 16, 2022 Sold
Premium
Sold
Feb 3, 2022 Listed by RE/MAX Advantage 1 $329,900
Listed by RE/MAX Advantage 1
Feb 6, 2020 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 10,501
  • Total Building Area: 906
  • Gross Building Area: 1,880
  • Building Area: 906
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 906
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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:00U06 B:00131 L:00000
  • Block: 131
  • Municipality: SPENCER
  • Latitude: 42.2446
  • Longitude: -71.982

    Address

  • Full Address: 16 Sunset Ln
  • Address - House Number: 16
  • Address - Street Name: Sunset
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Spencer
  • Carrier Code: C004
  • 4-Digit Zip Code: 2340
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $365,400

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 366,767
  • High Value: 431,589
  • Low Value: 301,944

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $319,400
  • Assessed Land Value: $45,300
  • Assessed Improvements Value: $274,100

    Sales

  • Current Sale Contract Date: Mar 16, 2022
  • Current Sale Recording Date: Mar 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29465
  • Previous Sale Recording Date: Feb 06, 2020
  • Previous Sale Contract Date: Jan 22, 2020
  • Previous Sale Amount: $160,100
  • Previous Sale Document Type: 34
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

$236

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1699 ft²

Average Home Age

84.4 years

Currently For Sale

8 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# 72939524

Frequently Asked Questions

When was property at 16 Sunset Lane built and last sold?
The property at 16 Sunset Lane was built in 1977 and last sold on Mar 16, 2022 for $330,000.
How much is this home worth?
The estimated value of the home located at 16 Sunset Lane is $334,966.
What are some comparable homes to 16 Sunset Lane?
There are currently no comparable homes to 16 Sunset Lane.
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