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Spencer 01562
37 Old Farm Road
$300,000
● House - Off Market

37 Old Farm Road

Spencer, MA 01562
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,644 Ft²
$401,960
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Very easy to show...  This Colonial is in a great neighborhood walking distance to Powder Mill Park and close to the Spencer Fair grounds. The Home has a new roof in April 2020 and has been freshly painted and mostly all new flooring installed. A true 5 Bedroom home that includes a spacious first floor master with private bath that can also be used as an in law room or Family Room, and 4 more good sized bedrooms upstairs with beautiful newer dark hardwood floors and another full bath.  Enjoy the upcoming summer relaxing on your 10x22 screened porch.  The walkout basement already has one finished room and has more room that could be great bonus living space once finished off.  A patio and storage room under the deck in the rear, as well as a shed.   Very easy to show and quick close possible.
Unit Size
1,644 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$176
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1973

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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 #72633978)

Price History

Date / Event Date Event Price
Jul 31, 2020 Sold
Premium
Sold
Mar 15, 2020 Listed by Beacon Rock Realty Services $289,900
Listed by Beacon Rock Realty Services
Nov 20, 2006 Sold
Premium
Sold
May 31, 2006 Listed by Beacon Rock Realty Services $259,900
Listed by Beacon Rock Realty Services

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 15,000
  • Total Building Area: 1,568
  • Gross Building Area: 2,796
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 6

    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:00035 L:00000
  • Block: 35
  • Municipality: SPENCER
  • Latitude: 42.2468
  • Longitude: -72.0053

    Address

  • Full Address: 37 Old Farm Rd
  • Address - House Number: 37
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: C001
  • 4-Digit Zip Code: 1603
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $417,800

    Appraisal Valuation

  • Standard Deviation: 0.1983
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 431,181
  • High Value: 516,707
  • Low Value: 345,656

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $365,200
  • Assessed Land Value: $43,200
  • Assessed Improvements Value: $322,000

    Sales

  • Current Sale Contract Date: Jul 27, 2020
  • Current Sale Recording Date: Jul 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 84644
  • Previous Sale Recording Date: Nov 20, 2006
  • Previous Sale Amount: $259,900
  • 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:

$395,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2550 ft²

Average Home Age

123.4 years

Currently For Sale

8 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# 72633978

Frequently Asked Questions

When was property at 37 Old Farm Road built and last sold?
The property at 37 Old Farm Road was built in 1973 and last sold on Jul 27, 2020 for $300,000.
How much is this home worth?
The estimated value of the home located at 37 Old Farm Road is $293,216.
What are some comparable homes to 37 Old Farm Road?
There are currently no comparable homes to 37 Old Farm Road.
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