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Worcester 01562
24 Rustic Ln
$530,000
● House - Off Market

24 Rustic Ln

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,600 Ft²
$556,274
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

WATERFRONT! South facing 3 bedroom home.Stunning lake sunset and sunrise views. Meticulously maintained year around gambrel cape with second lot directly across private street. Fully recreational Lake Whittemore. Swimming, boating fishing. 30' aluminum dock and sandy beach.  Shed for storing lake toys.Upgrades within 6 years include roof, well, FHA oil heating system, on demand rinnai propane hot water, composite deck and More.Living room has cozy gas stove for atmosphere while enjoying lake views. Fire-pit area , barn style, shed, bridge over stream to portable garage for more storage and parking. 6 rooms 3 bedrooms. smaller bedroom is over downstairs bathroom and can be converted to master  suite. Basement level has finished room with lake views. all appliances convey. Ready to move in and enjoy !
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$344
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1970

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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 #72963981)

Price History

Date / Event Date Event Price
Jun 16, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Aberman Associates, Inc. $549,900
Listed by Aberman Associates, Inc.
Mar 10, 2016 Sold
Premium
Sold
Jun 29, 2015 Listed by Aberman Associates, Inc. $194,900
Listed by Aberman Associates, Inc.
Oct 12, 2004 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 27,784
  • Total Building Area: 1,600
  • Gross Building Area: 2,560
  • Building Area: 1,600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,600
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000638
  • 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:00U17 B:00033 L:00000
  • Block: 33
  • Municipality: SPENCER
  • Latitude: 42.2564
  • Longitude: -71.9841

    Address

  • Full Address: 24 Rustic Ln
  • Address - House Number: 24
  • Address - Street Name: Rustic
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Spencer
  • Carrier Code: C005
  • 4-Digit Zip Code: 1820
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $373,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1846
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 450,942
  • High Value: 534,220
  • Low Value: 367,665

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $326,100
  • Assessed Land Value: $49,900
  • Assessed Improvements Value: $276,200

    Sales

  • Current Sale Contract Date: Jun 10, 2022
  • Current Sale Recording Date: Jun 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 65474
  • Previous Sale Recording Date: Mar 10, 2016
  • Previous Sale Amount: $185,000
  • 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

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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# 72963981

Frequently Asked Questions

When was property at 24 Rustic Lane built and last sold?
The property at 24 Rustic Lane was built in 1970 and last sold on Jun 10, 2022 for $530,000.
How much is this home worth?
The estimated value of the home located at 24 Rustic Lane is $535,867.
What are some comparable homes to 24 Rustic Lane?
There are currently no comparable homes to 24 Rustic Lane.
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