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Spencer 01562
36 Old Farm Rd
$375,000
● House - Off Market

36 Old Farm Rd

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,030 Ft²
$387,056
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

This wonderfully updated 3+ bedroom, one and a half bath raised ranch is better than new. Homeowners have lovingly updated and improved the home throughout. Great open floor plan on the first floor, new kitchen and dining room, updated bathroom, oversized master bedroom with office or closet space attached, two additional good size bedrooms and a great basement level with large windows, pellet stove, half bath, additional office area, one car garage under, solar panels to help with electricity and an beautiful oversized composite deck overlooking a great partially fenced yard..  Home is situated in a great area, close to Powder Mill Park, minutes to grocery and other stores and a perfect location for commuting.
Unit Size
2,030 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$182
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1972

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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 #73038030)

Price History

Date / Event Date Event Price
Oct 31, 2022 Sold
Premium
Sold
Sep 24, 2022 In contract -
In contract
Sep 17, 2022 Listed by Michael Toomey & Associates, Inc. $369,900
Listed by Michael Toomey & Associates, Inc.
Jun 30, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 15,000
  • Total Building Area: 1,530
  • Gross Building Area: 3,104
  • Building Area: 1,530
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,530
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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:00U22 B:00047 L:00000
  • Block: 47
  • Municipality: SPENCER
  • Latitude: 42.2477
  • Longitude: -72.0062

    Address

  • Full Address: 36 Old Farm Rd
  • Address - House Number: 36
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: C001
  • 4-Digit Zip Code: 1653
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $407,300

    Appraisal Valuation

  • Standard Deviation: 0.1857
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 427,743
  • High Value: 507,206
  • Low Value: 348,280

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $356,000
  • Assessed Land Value: $43,200
  • Assessed Improvements Value: $312,800

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Oct 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 117587
  • Previous Sale Recording Date: Jun 30, 1993
  • Previous Sale Amount: $95,000
  • 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 Spencer

Stats & Trends

Median Asking:

$392,500

Sale Price/ft²

$231

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2806 ft²

Average Home Age

107.8 years

Currently For Sale

9 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 months ago
Data Source: MLS PIN, MLS# 73038030

Frequently Asked Questions

When was property at 36 Old Farm Road built and last sold?
The property at 36 Old Farm Road was built in 1972 and last sold on Oct 31, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 36 Old Farm Road is $378,463.
What are some comparable homes to 36 Old Farm Road?
There are currently no comparable homes to 36 Old Farm Road.
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