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Worcester 01562
17 Buteau Rd
$85,000
● Land - Off Market

17 Buteau Rd

Spencer, MA 01562
bedrooms
Studio
bathrooms
0 Bath
$106,792
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

~*~ RARE FIND ~*~  1.64 ACRE BUILDABLE LOT ORIGINALLY OWNED BY ... " GIRL SCOUTS OF CENTRAL & WESTERN MA INC" ...PRIME LOCATION WITH OTHER NEW CONSTRUCTION HOMES!!   ~*~  QUIET & DESIRABLE AREA ON SCENIC COUNTRY ROAD BETWEEN THE LEICESTER & CHARLTON LINES ~*~ STONE WALLS  ~*~  ALSO, ONLY A SHORT DISTANCE TO BEAUTIFUL STILES RESERVOIR  >> GREAT FISHING !!  ~*~  EASY ACCESS TO ROUTES 56, 20 & 31.AND LESS THAN 15 MINUTES TO MASS PIKE ..  SEPTIC PLANS & PERMIT IN HAND ! ... LAND IS CLEARED AND READY FOR "YOUR" VISION!!....  CALL TODAY ~ DON'T DELAY!!
Unit Size
-
Days on Market
-
Land Size
1.64 acres
Price per sqft
-
Property Type
Land
Property Taxes
$61
HOA Dues
-
Year Built
2021

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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 #72707068)

Price History

Date / Event Date Event Price
Sep 10, 2020 Sold
Premium
Sold
Aug 10, 2020 Listed by Hope Real Estate Group, Inc. $79,000
Listed by Hope Real Estate Group, Inc.
Oct 21, 2019 Sold
Premium
Sold
Jan 2, 2019 Listed by Hope Real Estate Group, Inc. $58,000
Listed by Hope Real Estate Group, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 200
  • 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: 71,326
  • Total Building Area: 3,828
  • Gross Building Area: 7,202
  • Building Area: 3,828
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,828
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001637
  • 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:00R05 B:00007 L:00001
  • Block: 7
  • Lot: 1
  • Municipality: SPENCER
  • Latitude: 42.1968
  • Longitude: -71.948

    Address

  • Full Address: 17 Buteau Rd
  • Address - House Number: 17
  • Address - Street Name: Buteau
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R002
  • 4-Digit Zip Code: 3135
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,096,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1325
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 84
  • Final Value: 1,020,541
  • High Value: 1,155,767
  • Low Value: 885,315

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $958,300
  • Assessed Land Value: $57,300
  • Assessed Improvements Value: $901,000

    Sales

  • Current Sale Contract Date: Sep 09, 2020
  • Current Sale Recording Date: Sep 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 104059
  • Previous Sale Recording Date: Oct 21, 2019
  • Previous Sale Contract Date: Oct 08, 2019
  • Previous Sale Amount: $52,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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# 72707068

Frequently Asked Questions

When was property at 17 Buteau Road built and last sold?
The property at 17 Buteau Road was built in 2021 and last sold on Sep 9, 2020 for $85,000.
How much is this home worth?
The estimated value of the home located at 17 Buteau Road is $79,790.
What are some comparable homes to 17 Buteau Road?
There are currently no comparable homes to 17 Buteau Road.
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