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Spencer 01562
2 Water St
$187,400
● House - Off Market

2 Water St

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,098 Ft²
$266,253
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

This colonial in Spencer is full of charm and ready for you to move right in! The kitchen is a great size and offers plenty of dining area with a breakfast bar. From the kitchen you flow right into the cozy living room that features wood flooring and is just a step away from the outside. Upstairs, you will find 3 good sized bedrooms with ample closet space. One of the bedrooms upstairs would be perfect for a home office or playroom. The large backyard has just been professionally landscaped and offers a screened in gazebo so you can sit outside in the fresh, Spring air. Located right off of Route 9 and close proximity to Route 31. This is a great home at a price you can't beat- don't miss out!
Unit Size
1,098 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$173
Property Type
House
Property Taxes
$176
HOA Dues
-
Year Built
1887

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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: 5 months ago (MLSPIN #72648263)

Price History

Date / Event Date Event Price
Jun 17, 2020 Sold
Premium
Sold
Apr 27, 2020 Listed by Keller Williams Realty Greater Worcester $189,900
Listed by Keller Williams Realty Greater Worcester
Nov 19, 2003 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1887
  • Effective Year Built: 1887
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 19,000
  • Total Building Area: 1,098
  • Gross Building Area: 1,734
  • Building Area: 1,098
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,098
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000436
  • 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:00U08 B:00108 L:00000
  • Block: 108
  • Municipality: SPENCER
  • Latitude: 42.2401
  • Longitude: -71.9998

    Address

  • Full Address: 2 Water St
  • Address - House Number: 2
  • Address - Street Name: Water
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C001
  • 4-Digit Zip Code: 2417
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $242,800

    Appraisal Valuation

  • Standard Deviation: 0.2343
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 53
  • Final Value: 291,793
  • High Value: 360,167
  • Low Value: 223,418

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $212,200
  • Assessed Land Value: $41,300
  • Assessed Improvements Value: $170,900

    Sales

  • Current Sale Contract Date: Jun 09, 2020
  • Current Sale Recording Date: Jun 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63480
  • Previous Sale Recording Date: Nov 19, 2003
  • Previous Sale Amount: $145,000
  • 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:

$390,000

Sale Price/ft²

$224

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2666 ft²

Average Home Age

121.1 years

Currently For Sale

7 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: 5 months ago
Data Source: MLS PIN, MLS# 72648263

Frequently Asked Questions

When was property at 2 Water Street built and last sold?
The property at 2 Water Street was built in 1887 and last sold on Jun 9, 2020 for $187,400.
How much is this home worth?
The estimated value of the home located at 2 Water Street is $194,116.
What are some comparable homes to 2 Water Street?
There are currently no comparable homes to 2 Water Street.
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