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Palmer Town 01069
324 Old Warren Rd
$150,000
● House - Off Market

324 Old Warren Rd

Palmer, MA 01069
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,040 Ft²
$234,771
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

Formerly a Bed and Breakfast, this home is nicely set on a level lot with easy access to main routes and minutes to the MA Pike. Large rooms, nice floor plan, it is a great investment. Some work will make this home shine and bring it back to it's formal glory. Being sold as is with buyer responsible for title v insp and any repairs. if a letter of financing is needed it must state that bank understands there is no title v, and also that offer reflects the following - "asking price reflects that buyer is aware they are solely responsible to assume all responsibility for title v compliance and that sellers will not be held liable in any way to compensate for bringing the septic system up to code at the time of sale or at any point thereafter"
Unit Size
3,040 Ft²
Days on Market
-
Land Size
2.03 acres
Price per sqft
$51
Property Type
House
Property Taxes
$406
HOA Dues
-
Year Built
1732

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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: 6 months ago (MLSPIN #72399050)

Price History

Date / Event Date Event Price
Oct 30, 2018 Sold
Premium
Sold
Sep 20, 2018 Listed by RE/MAX Prof Associates $155,000
Listed by RE/MAX Prof Associates
Aug 26, 1986 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1732
  • Effective Year Built: 1732
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • 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: 88,427
  • Total Building Area: 3,040
  • Gross Building Area: 5,174
  • Building Area: 3,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,040
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002030
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Palmer School District
  • Census Tract: 810100

Geography

  • Parcel: PALM M:26 B:34
  • Block: 34
  • Municipality: PALMER
  • Latitude: 42.1902
  • Longitude: -72.292

    Address

  • Full Address: 324 Old Warren Rd
  • Address - House Number: 324
  • Address - Street Name: Old Warren
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Palmer
  • Carrier Code: R001
  • 4-Digit Zip Code: 9812
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $591,000

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 337,016
  • High Value: 408,904
  • Low Value: 265,129

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $304,000
  • Assessed Land Value: $64,500
  • Assessed Improvements Value: $239,500

    Sales

  • Current Sale Recording Date: Oct 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 65043
  • Previous Sale Recording Date: Aug 26, 1986
  • Previous Sale Amount: $115,000
  • 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 Palmer Town

Stats & Trends

Median Asking:

$339,950

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2110 ft²

Average Home Age

72.1 years

Currently For Sale

36 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: 6 months ago
Data Source: MLS PIN, MLS# 72399050

Frequently Asked Questions

When was property at 324 Old Warren Road built and last sold?
The property at 324 Old Warren Road was built in 1732 and last sold on Jan 1, 1970 for $150,000.
How much is this home worth?
The estimated value of the home located at 324 Old Warren Road is $181,477.
What are some comparable homes to 324 Old Warren Road?
There are currently no comparable homes to 324 Old Warren Road.
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