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Spencer 01562
3. Clark Terrace
$209,900
● Multifamily - Off Market

3. Clark Terrace

Spencer, MA 01562
bedrooms
4 Beds
bathrooms
1 Bath
square feet
2,128 Ft²
$1,220
Est. Monthly
22.62%
Cap Rate

About This Property

Great mortgage helper. This home has been loveingly refurburshed by the long time owners and now it's time for a new family. Perfect in law set up or rental property.  Home had been classified as a 2 family, owners had it changed to single with in law but it can be returned to be classified as a multi.
Unit Size
2,128 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$99
Property Type
Multifamily
Property Taxes
$189
HOA Dues
-
Year Built
1954

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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: 13 months ago (MLSPIN #71129867)

Price History

Date / Event Date Event Price
Nov 1, 2010 Sold
Premium
Sold
Aug 30, 2010 Listed by ERA Key Realty Services - Worcester $209,900
Listed by ERA Key Realty Services - Worcester

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 14,500
  • Total Building Area: 1,818
  • Gross Building Area: 4,152
  • Building Area: 1,818
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,818
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000333
  • 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:00U04 B:00023 L:00000
  • Block: 23
  • Municipality: SPENCER
  • Latitude: 42.2407
  • Longitude: -71.9856

    Address

  • Full Address: 3 Clark Ter
  • Address - House Number: 3
  • Address - Street Name: Clark
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Spencer
  • Carrier Code: C004
  • 4-Digit Zip Code: 2321
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $467,200

    Appraisal Valuation

  • Standard Deviation: 0.1905
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 446,995
  • High Value: 532,165
  • Low Value: 361,825

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $408,400
  • Assessed Land Value: $38,700
  • Assessed Improvements Value: $369,700

    Sales

  • Current Sale Recording Date: Nov 01, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00121509
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: 13 months ago
Data Source: MLS PIN, MLS# 71129867

Frequently Asked Questions

When was property at 3 Clark Terrace built and last sold?
The property at 3 Clark Terrace was built in 1954 and last sold on Jan 1, 1970 for $195,000.
How much is this home worth?
The estimated value of the home located at 3 Clark Terrace is $0.
What are some comparable homes to 3 Clark Terrace?
There are currently no comparable homes to 3 Clark Terrace.
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