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Worcester 01562
32 Ledge Ave
$300,000
● House - Off Market

32 Ledge Ave

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$2,015
Est. Monthly

About This Property

Nestled on the shores of the fully recreational Sugden Reservoir, this adorable 2 bed / 1 bath, year round bungalow is waiting for you to bring it back to life to become your very own lake side retreat!  Whether you're searching for a weekend getaway, a full-time residence, or an investment property, this charming retreat has something for everyone. Offering the perfect blend of natural beauty and potential, this lakeside cottage is an opportunity not to be missed. With two additional lots included, there is plenty of room to enjoy all the out door activities on land - whether BBQ with loved ones or a place for the fur baby to run around, its like being on vacation all year!
Unit Size
864 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$376
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1955

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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 months ago (MLSPIN #73231553)

Price History

Date / Event Date Event Price
Jun 27, 2024 Sold
Premium
Sold
May 1, 2024 Listed by OWN IT, A 100% Commission Brokerage $324,900
Listed by OWN IT, A 100% Commission Brokerage

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 4,200
  • Total Building Area: 864
  • Gross Building Area: 2,012
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAMB S GROVE
  • Land Acres: 0000000096
  • 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:00U34 B:00075 L:00000
  • Block: 75
  • Municipality: SPENCER
  • Latitude: 42.2745
  • Longitude: -71.9674

    Address

  • Full Address: 32 Ledge Ave
  • Address - House Number: 32
  • Address - Street Name: Ledge
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 1216
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $331,300

    Appraisal Valuation

  • Standard Deviation: 0.1325
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 84
  • Final Value: 360,018
  • High Value: 407,721
  • Low Value: 312,314

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $289,600
  • Assessed Land Value: $112,900
  • Assessed Improvements Value: $176,700

    Sales

  • Current Sale Recording Date: Jul 31, 2014
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 69419
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

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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: 4 months ago
Data Source: MLS PIN, MLS# 73231553

Frequently Asked Questions

When was property at 32 Ledge Avenue built and last sold?
The property at 32 Ledge Avenue was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 32 Ledge Avenue is $324,742.
What are some comparable homes to 32 Ledge Avenue?
There are currently no comparable homes to 32 Ledge Avenue.
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