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Worcester 01562
3 Oakland Dr
$355,000
● House - Off Market

3 Oakland Dr

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,368 Ft²
$386,114
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

3 BR / 2.5 Bath Raised Ranch - fully finished walkout basement w/office (Including walk-in closet and half bath). With nearly 1,400 square feet of living space on the main level and over 600 square feet of finished basement!  Tons of natural light illuminates this palatial living/dinning room and highlights the impressive floor-to-ceiling brick fireplace.  The master bedroom suite features a private bath w/shower along with two additional bedrooms and a shared full bath w/tub/shower.  The finished basement has a large family room, office, half bath, and walk-in laundry room.  This corner lot has over 1 acre, a newly paved driveway, and the inground pool is a great place to spend the warm summer days!  PLEASE NOTE: First showings (First Come First Serve) at the Open House on Saturday, April 24th from 10am-12pm.
Unit Size
1,368 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$241
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1989

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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: 5 years ago (MLSPIN #72818506)

Price History

Date / Event Date Event Price
Jun 29, 2021 Sold
Premium
Sold
Apr 21, 2021 Listed by RE/MAX Advantage 1 $330,000
Listed by RE/MAX Advantage 1
Mar 7, 1995 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • 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: 46,307
  • Total Building Area: 1,368
  • Gross Building Area: 3,372
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001063
  • 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:00R36 B:00011 L:00001
  • Block: 11
  • Lot: 1
  • Municipality: SPENCER
  • Latitude: 42.2652
  • Longitude: -71.9649

    Address

  • Full Address: 3 Oakland Dr
  • Address - House Number: 3
  • Address - Street Name: Oakland
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Spencer
  • Carrier Code: C005
  • 4-Digit Zip Code: 1524
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $470,000

    Appraisal Valuation

  • Standard Deviation: 0.1905
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 461,629
  • High Value: 549,588
  • Low Value: 373,671

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $410,800
  • Assessed Land Value: $60,100
  • Assessed Improvements Value: $350,700

    Sales

  • Current Sale Contract Date: Jun 29, 2021
  • Current Sale Recording Date: Jun 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90553
  • Previous Sale Recording Date: Mar 07, 1995
  • Previous Sale Amount: $58,410
  • Previous Sale Document Type: 34
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

2408 ft²

Average Home Age

62.6 years

Currently For Sale

1996 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: 5 years ago
Data Source: MLS PIN, MLS# 72818506

Frequently Asked Questions

When was property at 3 Oakland Drive built and last sold?
The property at 3 Oakland Drive was built in 1989 and last sold on Jun 29, 2021 for $360,000.
How much is this home worth?
The estimated value of the home located at 3 Oakland Drive is $339,343.
What are some comparable homes to 3 Oakland Drive?
There are currently no comparable homes to 3 Oakland Drive.
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