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Worcester 01562
32 Shore Dr
$235,000
● House - Off Market

32 Shore Dr

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,286 Ft²
$335,119
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Have you been dreaming of living on the water?  Here is your chance! Thompson Pond is fully-recreational! This home has been lovingly owned by same family since 1947!  Living Room overlooks the water - has vaulted ceilings & Pellet Stove!  Cabinet packed Kitchen, Formal Dining Room, Full Bathroom and 3 decent size bedrooms! This home has 3 upper parking spots and 3 below, very unlikely for a waterfront home!  Basement has room for workshop and attached shed for lawn mower and tools!  Overlooks "Blueberry Island", near Camp Marshall and state land!  Price change due to septic installation.
Unit Size
1,286 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$179
Property Type
House
Property Taxes
$250
HOA Dues
$13
Year Built
1947

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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 #72527987)

Price History

Date / Event Date Event Price
Jan 9, 2020 Sold
Premium
Sold
Jul 1, 2019 Listed by Red Door Realty $230,000
Listed by Red Door Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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
  • 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: 10,099
  • Total Building Area: 1,286
  • Gross Building Area: 2,698
  • Building Area: 1,286
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,286
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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:00U35 B:00015 L:00000
  • Block: 15
  • Municipality: SPENCER
  • Latitude: 42.2968
  • Longitude: -71.9734

    Address

  • Full Address: 32 Shore Dr
  • Address - House Number: 32
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 2914
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $370,800

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 379,686
  • High Value: 454,882
  • Low Value: 304,490

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $324,100
  • Assessed Land Value: $110,600
  • Assessed Improvements Value: $213,500

    Sales

  • Current Sale Contract Date: Jan 08, 2020
  • Current Sale Recording Date: Jan 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2567
  • Previous Sale Recording Date: Jun 23, 2014
  • 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:

$499,900

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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# 72527987

Frequently Asked Questions

When was property at 32 Shore Drive built and last sold?
The property at 32 Shore Drive was built in 1947 and last sold on Jan 8, 2020 for $235,000.
How much is this home worth?
The estimated value of the home located at 32 Shore Drive is $240,365.
What are some comparable homes to 32 Shore Drive?
There are currently no comparable homes to 32 Shore Drive.
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