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Spencer 01562
3 Spring St
$310,000
● House - Off Market

3 Spring St

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
1 Bath
square feet
786 Ft²
$298,420
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Welcome to 3 Spring St! This remodeled beauty will not last long, schedule your showings today! This cute 2 bed 1 bath ranch has an open layout with shining gray hardwood floors throughout, with loads of natural sunlight and recessed lighting in the living room and kitchen that liven up the place. Down the hallway you'll find your new bathroom with unique mosaic tile flooring and tile surround shower, with new vanity and new toilet. Also down the hall you'll find your two bedrooms, both offer ample space with full closets. Downstairs in the basement you have an unfinished space that could potentially be finished or utilized as a great storage space, and you have easy access to your attached garage through the door so you'll never have to fight the brutal New England winters!
Unit Size
786 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$375
Property Type
House
Property Taxes
$195
HOA Dues
-
Year Built
1900

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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 #72971309)

Price History

Date / Event Date Event Price
Jun 6, 2022 Sold
Premium
Sold
Apr 25, 2022 Listed by Agnelli Real Estate, LLC $295,000
Listed by Agnelli Real Estate, LLC
Jan 5, 2022 Sold
Premium
Sold
Nov 2, 1998 Sold
Premium
Sold
Feb 14, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 15,450
  • Total Building Area: 786
  • Gross Building Area: 1,572
  • Building Area: 786
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 786
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000355
  • 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:00057 L:00000
  • Block: 57
  • Municipality: SPENCER
  • Latitude: 42.2484
  • Longitude: -71.9822

    Address

  • Full Address: 3 Spring St
  • Address - House Number: 3
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C004
  • 4-Digit Zip Code: 2222
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $323,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2023
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 342,331
  • High Value: 411,605
  • Low Value: 273,058

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $282,400
  • Assessed Land Value: $43,500
  • Assessed Improvements Value: $238,900

    Sales

  • Current Sale Contract Date: Jun 01, 2022
  • Current Sale Recording Date: Jun 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 61592
  • Previous Sale Recording Date: Jan 05, 2022
  • Previous Sale Contract Date: Dec 21, 2021
  • Previous Sale Amount: $134,900
  • 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 Spencer

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$223

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2778 ft²

Average Home Age

120 years

Currently For Sale

6 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# 72971309

Frequently Asked Questions

When was property at 3 Spring Street built and last sold?
The property at 3 Spring Street was built in 1900 and last sold on Jun 1, 2022 for $310,000.
How much is this home worth?
The estimated value of the home located at 3 Spring Street is $294,488.
What are some comparable homes to 3 Spring Street?
There are currently no comparable homes to 3 Spring Street.
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