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Palmer Town 01069
2 Arch St
$212,000
● House - Off Market

2 Arch St

Palmer, MA 01069
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,480 Ft²
$318,173
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

River View Retreat - Immaculate Colonial with farmers porch located on private cul-de-sac overlooking the Quaboag River. Spacious kitchen with window view of the backyard and fire pit. Off the kitchen you will find a dedicated living room and dining room with hardwood flooring. This 3 bedroom, 2 full bath home is completely move in ready and freshly painted! First floor bedroom, bathroom and laundry make this a great home for everyone. Large flat, level lot just under one acre with irrigation system. Full basement currently used as a wood working shop. Low maintenance living with vinyl siding, replacement windows and new furnace. Access MA Pike and local shops with ease.
Unit Size
1,480 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$142
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1845

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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 #72302291)

Price History

Date / Event Date Event Price
Nov 29, 2022 Sold
Premium
Sold
Jun 22, 2018 Sold
Premium
Sold
Apr 3, 2018 Listed by Coldwell Banker Residential Brokerage - Sturbridge $209,900
Listed by Coldwell Banker Residential Brokerage - Sturbridge
Mar 29, 2016 Sold
Premium
Sold
Oct 23, 2015 Listed by Coldwell Banker Residential Brokerage - Sturbridge $195,000
Listed by Coldwell Banker Residential Brokerage - Sturbridge

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1845
  • Effective Year Built: 1845
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 5
  • 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: 8
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,393
  • Total Building Area: 1,480
  • Gross Building Area: 2,278
  • Building Area: 1,480
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,480
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000881
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Palmer School District
  • Census Tract: 810100

Geography

  • Parcel: PALM M:55 B:33
  • Block: 33
  • Municipality: PALMER
  • Latitude: 42.1505
  • Longitude: -72.3229

    Address

  • Full Address: 2 Arch St
  • Address - House Number: 2
  • Address - Street Name: Arch
  • Address - Suffix Type: St
  • State: MA
  • City Name: Palmer
  • Carrier Code: C002
  • 4-Digit Zip Code: 1802
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $455,500

    Appraisal Valuation

  • Standard Deviation: 0.1764
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 237,591
  • High Value: 279,520
  • Low Value: 195,661

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,300
  • Assessed Land Value: $58,800
  • Assessed Improvements Value: $175,500

    Sales

  • Current Sale Contract Date: Nov 28, 2022
  • Current Sale Recording Date: Nov 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 69772
  • Previous Sale Recording Date: Jun 22, 2018
  • Previous Sale Amount: $212,000
  • 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 Palmer Town

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$224

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2255 ft²

Average Home Age

73.1 years

Currently For Sale

30 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72302291

Frequently Asked Questions

When was property at 2 Arch Street built and last sold?
The property at 2 Arch Street was built in 1845 and last sold on Nov 28, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 2 Arch Street is $219,677.
What are some comparable homes to 2 Arch Street?
There are currently no comparable homes to 2 Arch Street.
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