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Worcester 01562
21 Shore Drive
$400,000
● House - Off Market

21 Shore Drive

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,485 Ft²
$2,579
Est. Monthly

About This Property

Welcome to 21 Shore Drive!  Seller says Sell it! Seller to offer $10,000 closing credit for driveway improvements. Beautiful ranch home on 1.6 acres over looking Thompson Pond.  Hardwood floors, large wrap around deck, private back yard, open concept kitchen, large shed, 2 oil tanks and extra rooms in the lower level. If you are looking for a quiet and relaxing place to live this is the home for you.  Set up your private showing today! Seller financing is an option.
Unit Size
1,485 Ft²
Days on Market
-
Land Size
1.60 acres
Price per sqft
$306
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1991

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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 #73230686)

Price History

Date / Event Date Event Price
Jun 27, 2024 Sold
Premium
Sold
May 28, 2024 Price Decreased $455,000
↓ $20K (4.2%)
Price Decreased
May 20, 2024 Price Decreased $475,000
↓ $20K (4%)
Price Decreased
May 6, 2024 Price Increased $495,000
↑ $40K (8.8%)
Price Increased
Apr 30, 2024 Listed by Coldwell Banker Realty - Leominster $455,000
Listed by Coldwell Banker Realty - Leominster
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 69,583
  • Total Building Area: 1,232
  • Gross Building Area: 2,880
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPENCER
  • Land Acres: 0000001597
  • 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:00U35 B:00008 L:00000
  • Block: 8
  • Municipality: SPENCER
  • Latitude: 42.2971
  • Longitude: -71.9723

    Address

  • Full Address: 21 Shore Dr
  • Address - House Number: 21
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 2915
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $412,900

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 429,249
  • High Value: 501,904
  • Low Value: 356,595

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $360,900
  • Assessed Land Value: $62,800
  • Assessed Improvements Value: $298,100

    Sales

  • Current Sale Recording Date: Jan 26, 2012
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 13, 2010
  • Previous Sale Amount: $209,250
  • 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 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73230686

Frequently Asked Questions

When was property at 21 Shore Drive built and last sold?
The property at 21 Shore Drive was built in 1991 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 21 Shore Drive is $458,371.
What are some comparable homes to 21 Shore Drive?
There are currently no comparable homes to 21 Shore Drive.
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