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Spencer 01562
24 Bay Path Rd
$250,000
● House - Off Market

24 Bay Path Rd

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,176 Ft²
$366,165
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Motivated sellers with the ability for a quick closing!! Sellers have already found home to move into. Come see this meticulously cared for and well maintained 3 bedroom ranch. A diamond in the heart of Spencer. Located in an established neighborhood. This home boast its own orchard and perennial gardens. A two tier deck lets you enjoy spectacular scenic views. Inside you will find a move-in ready home just waiting for your own personal touches to make this home truly a peach. Close to route 9 and other local amenities and just down the road from parks and fairgrounds. Home has brand new roof on both main house as well as 14x10 shed. New siding as well as a 22x21 finished area in the lower level with your own bar. Contact us today for your private showing for this unique home!
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$213
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1976

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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 #72550819)

Price History

Date / Event Date Event Price
Oct 31, 2019 Sold
Premium
Sold
Aug 16, 2019 Listed by RE/MAX Prof Associates $249,999
Listed by RE/MAX Prof Associates
Nov 13, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 20,710
  • Total Building Area: 1,164
  • Gross Building Area: 2,828
  • Building Area: 1,164
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,164
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000475
  • 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:00U22 B:00068 L:00000
  • Block: 68
  • Municipality: SPENCER
  • Latitude: 42.2486
  • Longitude: -72.0036

    Address

  • Full Address: 24 Bay Path Rd
  • Address - House Number: 24
  • Address - Street Name: Bay Path
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: C001
  • 4-Digit Zip Code: 1602
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $383,000

    Appraisal Valuation

  • Standard Deviation: 0.2065
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 394,871
  • High Value: 476,415
  • Low Value: 313,327

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $334,800
  • Assessed Land Value: $46,900
  • Assessed Improvements Value: $287,900

    Sales

  • Current Sale Contract Date: Oct 31, 2019
  • Current Sale Recording Date: Oct 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116508
  • Previous Sale Recording Date: Nov 13, 1990
  • Previous Sale Amount: $124,500
  • 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

$236

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1699 ft²

Average Home Age

84.4 years

Currently For Sale

8 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# 72550819

Frequently Asked Questions

When was property at 24 Bay Path Road built and last sold?
The property at 24 Bay Path Road was built in 1976 and last sold on Oct 31, 2019 for $250,000.
How much is this home worth?
The estimated value of the home located at 24 Bay Path Road is $254,146.
What are some comparable homes to 24 Bay Path Road?
There are currently no comparable homes to 24 Bay Path Road.
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