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Worcester 01562
22 Northwest Rd
$355,000
● House - Off Market

22 Northwest Rd

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,529 Ft²
$399,127
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Look no further! You will fall in love with this well cared for Cape/Contemporary home in Spencer. This home boasts an open floor plan with areas to expand. 2 full baths Cathedral ceilings with hardwood floors and exposed beams. Sliders that lead out to a large deck for your enjoyment, with privacy to listen to the tranquil sound of a stream. Walk out basement with a separate heating zone. This treasure you don't want to miss. The beauty of Spencer with all the town has to offer. So many farms with fresh vegies, fruits, apple picking, pumpkins etc. Join me to tour this gem on Saturday November 13th from 12:00pm to 2:30pm and Sunday November 14th from 11:30am to 1:30pm The photos and floor plan tell it all  Offers due 4pm  Monday 15th of NOV.
Unit Size
1,529 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$241
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
1987

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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 #72918808)

Price History

Date / Event Date Event Price
Jan 3, 2022 Sold
Premium
Sold
Nov 10, 2021 Listed by Marathon Real Estate LLC $369,000
Listed by Marathon Real Estate LLC
Jun 12, 2018 Sold
Premium
Sold
Mar 28, 2018 Listed by Marathon Real Estate LLC $259,900
Listed by Marathon Real Estate LLC
Jun 8, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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
  • 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: 52,405
  • Total Building Area: 1,552
  • Gross Building Area: 3,990
  • Building Area: 1,552
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,552
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHN & BARBARA FOLEY
  • Land Acres: 0000001203
  • 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:00R39 B:00048 L:00000
  • Block: 48
  • Municipality: SPENCER
  • Latitude: 42.2671
  • Longitude: -72.0127

    Address

  • Full Address: 22 Northwest Rd
  • Address - House Number: 22
  • Address - Street Name: Northwest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 1301
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $404,700

    Appraisal Valuation

  • Standard Deviation: 0.2479
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 398,260
  • High Value: 496,995
  • Low Value: 299,524

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $353,800
  • Assessed Land Value: $55,400
  • Assessed Improvements Value: $298,400

    Sales

  • Current Sale Contract Date: Jan 03, 2022
  • Current Sale Recording Date: Jan 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 354
  • Previous Sale Recording Date: Jun 12, 2018
  • Previous Sale Amount: $265,000
  • 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

2408 ft²

Average Home Age

62.6 years

Currently For Sale

1996 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# 72918808

Frequently Asked Questions

When was property at 22 Northwest Road built and last sold?
The property at 22 Northwest Road was built in 1987 and last sold on Jan 3, 2022 for $355,000.
How much is this home worth?
The estimated value of the home located at 22 Northwest Road is $373,738.
What are some comparable homes to 22 Northwest Road?
There are currently no comparable homes to 22 Northwest Road.
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