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Spencer 01562
24 Adams St
$255,000
● House - Off Market

24 Adams St

Spencer, MA 01562
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,406 Ft²
$249,505
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Multiple offers. Highest and best by Monday 7.18.22 at 12 noon. Estate sale. As is. Lots of room in this conveniently located home. Most likely will not go FHA because of chipping paint.(unless repair loan) Bring some elbow grease and start building equity. House needs to be on market for a few days before estate will accept an offer. Subject to any final Court approval which should be fast since court has already made the appointment.
Unit Size
1,406 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$171
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1880

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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: 6 months ago (MLSPIN #73007326)

Price History

Date / Event Date Event Price
Sep 6, 2022 Sold
Premium
Sold
Jul 5, 2022 Listed by George Russell Realty, LLC $239,900
Listed by George Russell Realty, LLC
Apr 15, 2004 Sold
Premium
Sold
Jan 8, 2004 Listed by George Russell Realty, LLC $189,900
Listed by George Russell Realty, LLC
Aug 25, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • 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: 8,146
  • Total Building Area: 1,406
  • Gross Building Area: 3,052
  • Building Area: 1,406
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,406
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000187
  • 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:00U07 B:00189 L:00000
  • Block: 189
  • Municipality: SPENCER
  • Latitude: 42.2399
  • Longitude: -71.9901

    Address

  • Full Address: 24 Adams St
  • Address - House Number: 24
  • Address - Street Name: Adams
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C007
  • 4-Digit Zip Code: 2314
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $269,800

    Appraisal Valuation

  • Standard Deviation: 0.2333
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 53
  • Final Value: 300,419
  • High Value: 370,536
  • Low Value: 230,301

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $235,800
  • Assessed Land Value: $36,000
  • Assessed Improvements Value: $199,800

    Sales

  • Current Sale Contract Date: Sep 06, 2022
  • Current Sale Recording Date: Sep 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 98064
  • Previous Sale Recording Date: Apr 15, 2004
  • Previous Sale Amount: $179,000
  • 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:

$389,950

Sale Price/ft²

$216

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1587 ft²

Average Home Age

122.2 years

Currently For Sale

5 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: 6 months ago
Data Source: MLS PIN, MLS# 73007326

Frequently Asked Questions

When was property at 24 Adams Street built and last sold?
The property at 24 Adams Street was built in 1880 and last sold on Sep 6, 2022 for $255,000.
How much is this home worth?
The estimated value of the home located at 24 Adams Street is $244,978.
What are some comparable homes to 24 Adams Street?
There are currently no comparable homes to 24 Adams Street.
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