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Worcester 01562
3 Howe Rd
$439,900
● House - Off Market

3 Howe Rd

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,972 Ft²
$457,513
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Custom Gambrel log home on over 2 acres. Home offers massive great room with hardwoods, updated kitchen and dining room with cherry cabinets, breakfast bar, cathedral ceilings, skylights, above ground pool, storage shed and multiple ductless mini-split units to heat in the winter and cool in the summer.  Enjoy the quiet tranquility overlooking this oversized yard on your farmers porch.  Basement is partially finished and could allow for an Inlaw set up very easily.   Bonus rooms on first floor and basement would be perfect for working from home, but it is also a perfect location for commuting. Less than a mile from Howe Park (walking trails, picnic areas and fishing).  Two sheds and pellet stoves to help heat in the winter.
Unit Size
2,972 Ft²
Days on Market
-
Land Size
2.15 acres
Price per sqft
$148
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1987

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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: 5 months ago (MLSPIN #73017731)

Price History

Date / Event Date Event Price
Sep 22, 2022 Sold
Premium
Sold
Jul 27, 2022 Listed by Michael Toomey & Associates, Inc. $439,900
Listed by Michael Toomey & Associates, Inc.
Jun 1, 2005 Sold
Premium
Sold
Feb 22, 2005 Listed by Michael Toomey & Associates, Inc. $349,900
Listed by Michael Toomey & Associates, Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 9
  • 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: 93,541
  • Total Building Area: 2,541
  • Gross Building Area: 4,428
  • Building Area: 2,541
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 2,541
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002147
  • 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:00R23 B:00024 L:00004
  • Block: 24
  • Lot: 4
  • Municipality: SPENCER
  • Latitude: 42.2275
  • Longitude: -71.9889

    Address

  • Full Address: 3 Howe Rd
  • Address - House Number: 3
  • Address - Street Name: Howe
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R003
  • 4-Digit Zip Code: 2711
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $518,300

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 488,363
  • High Value: 571,023
  • Low Value: 405,703

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $453,100
  • Assessed Land Value: $59,100
  • Assessed Improvements Value: $394,000

    Sales

  • Current Sale Contract Date: Sep 22, 2022
  • Current Sale Recording Date: Sep 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 104087
  • Previous Sale Recording Date: Jun 01, 2005
  • Previous Sale Amount: $335,000
  • 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 Worcester

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2372 ft²

Average Home Age

65 years

Currently For Sale

2022 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: 5 months ago
Data Source: MLS PIN, MLS# 73017731

Frequently Asked Questions

When was property at 3 Howe Road built and last sold?
The property at 3 Howe Road was built in 1987 and last sold on Sep 22, 2022 for $439,900.
How much is this home worth?
The estimated value of the home located at 3 Howe Road is $460,974.
What are some comparable homes to 3 Howe Road?
There are currently no comparable homes to 3 Howe Road.
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