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Spencer 01562
254 Main St
Photo of 254 Main St
Sold on Jan 4, 2012

1

Map

$179,950
● House - Off Market

254 Main St

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,629 Ft²
$417,202
RealtyHop Estimate
131.84%
Since Feb 1, 2012
National-US
Primary Model

About This Property

2 Bedroom 2 Bath Colonial w/ attached 3 level Barn that serves as a 2 car attached garage w/ add'l storage above & below - perfect for car buffs. Renovated Kitchens & Baths. Gleaming wide pine flrs & fresh paint throughout. 1st flr Family Rm w/ Cathedral Ceilings. 2nd flr Master completely renovated w/ full bath. Well manicured, flat yard. Walking distance to Lake Whittemore public beach. Main Street location could serve as an in-home business. 1st flr laundy. Move in condition. Quick close OK.
Unit Size
1,629 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$110
Property Type
House
Property Taxes
$159
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: 4 days ago (MLSPIN #71221473)

Price History

Date / Event Date Event Price
Jan 21, 2020 Sold
Premium
Sold
Nov 19, 2019 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $230,000
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.
Jul 14, 2016 Sold
Premium
Sold
Feb 22, 2016 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $179,900
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.
Jan 4, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 20,979
  • Total Building Area: 1,629
  • Gross Building Area: 2,498
  • Building Area: 1,629
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,629
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000482
  • 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:00U06 B:00034 L:00000
  • Block: 34
  • Municipality: SPENCER
  • Latitude: 42.2479
  • Longitude: -71.9847

    Address

  • Full Address: 254 Main St
  • Address - House Number: 254
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C003
  • 4-Digit Zip Code: 1803
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $297,400

    Appraisal Valuation

  • Standard Deviation: 0.2336
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 53
  • Final Value: 344,280
  • High Value: 424,717
  • Low Value: 263,842

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $260,000
  • Assessed Land Value: $47,100
  • Assessed Improvements Value: $212,900

    Sales

  • Current Sale Contract Date: Jan 13, 2020
  • Current Sale Recording Date: Jan 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 6128
  • Previous Sale Recording Date: Jul 14, 2016
  • Previous Sale Amount: $175,000
  • 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 Spencer

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1769 ft²

Average Home Age

102.2 years

Currently For Sale

9 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 days ago
Data Source: MLS PIN, MLS# 71221473

Frequently Asked Questions

When was property at 254 Main Street built and last sold?
The property at 254 Main Street was built in 1880 and last sold on Jan 13, 2020 for $230,000.
How much is this home worth?
The estimated value of the home located at 254 Main Street is $237,978.
What are some comparable homes to 254 Main Street?
There are currently no comparable homes to 254 Main Street.
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