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Spencer 01562
2 Demers Drive
$389,900
● House - Off Market

2 Demers Drive

Spencer, MA 01562
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,743 Ft²
$413,640
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

What a great place to call home. Much desired, one level living!  This hip-roof ranch has been meticulously updated with beautiful eat-in kitchen 2013, granite counters, stainless appliances and Bosch induction heated stovetop that heats up and cools off instantly. Hardwood flooring 2020 and replacement windows 2017.  Sliders to flagstone patio and beautiful views. Fireplaced living room has pellet stove insert which is used for heating.  Also has oil heat and mini splits.  Four bedrooms and laundry on first floor and huge, walk-out lower level is partially finished with second fireplace and half bath. Other updates include: Oil Tank 2021; Heating system 2007; Mitsubishi Splits 2020; Updated electrical 2020; Updated Bath 2010
Unit Size
1,743 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$224
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73045941)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Premium
Sold
Oct 10, 2022 In contract -
In contract
Oct 8, 2022 Listed by RE/MAX Vision $389,900
Listed by RE/MAX Vision
Aug 13, 2003 Sold
Premium
Sold
Jan 28, 2003 Listed by RE/MAX Vision $259,900
Listed by RE/MAX Vision

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 31,378
  • Total Building Area: 1,348
  • Gross Building Area: 3,368
  • Building Area: 1,348
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,348
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPENCER
  • Land Acres: 0000000720
  • 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:00U02 B:00031 L:00000
  • Block: 31
  • Municipality: SPENCER
  • Latitude: 42.2358
  • Longitude: -71.9897

    Address

  • Full Address: 2 Demers Dr
  • Address - House Number: 2
  • Address - Street Name: Demers
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Spencer
  • Carrier Code: C007
  • 4-Digit Zip Code: 2511
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $464,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 433,006
  • High Value: 514,215
  • Low Value: 351,797

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $406,000
  • Assessed Land Value: $56,200
  • Assessed Improvements Value: $349,800

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 127617
  • Previous Sale Recording Date: Aug 13, 2003
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27
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

$237

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1684 ft²

Average Home Age

94 years

Currently For Sale

10 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# 73045941

Frequently Asked Questions

When was property at 2 Demers Drive built and last sold?
The property at 2 Demers Drive was built in 1966 and last sold on Nov 22, 2022 for $389,900.
How much is this home worth?
The estimated value of the home located at 2 Demers Drive is $381,580.
What are some comparable homes to 2 Demers Drive?
There are currently no comparable homes to 2 Demers Drive.
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