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Palmer Town 01069
40 Mechanic St
Photo of 40 Mechanic St
Sold on Sep 30, 2011

1

Map

$190,000
● House - Off Market

40 Mechanic St

Palmer, MA 01069
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,224 Ft²
$460,135
RealtyHop Estimate
124.46%
Since Oct 1, 2011
National-US
Primary Model

About This Property

Just like new, this is such a great house. Just minutes to Mass turnpike. This home has a nice yard that is level and fenced in. Spacious floor plan with first floor bedroom, living room, dining room, kitchen and bath. 2nd floor offers 2 bedrooms and full bath.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$167
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
2002

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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: 2 months ago (MLSPIN #71252368)

Price History

Date / Event Date Event Price
Jun 23, 2021 Sold
Premium
Sold
Apr 5, 2021 Listed by RE/MAX Prestige $249,900
Listed by RE/MAX Prestige
Jun 15, 2017 Sold
Premium
Sold
Apr 13, 2017 Listed by RE/MAX Prestige $209,900
Listed by RE/MAX Prestige
Sep 30, 2011 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 4
  • 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: 8
  • Basement Area: 940
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,512
  • Total Building Area: 1,428
  • Gross Building Area: 2,448
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000471
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: PALM M:60 B:22
  • Block: 22
  • Municipality: PALMER
  • Latitude: 42.1651
  • Longitude: -72.3462

    Address

  • Full Address: 40 Mechanic St
  • Address - House Number: 40
  • Address - Street Name: Mechanic
  • Address - Suffix Type: St
  • State: MA
  • City Name: Palmer
  • Carrier Code: C005
  • 4-Digit Zip Code: 1015
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $535,200

    Appraisal Valuation

  • Standard Deviation: 0.2521
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 307,611
  • High Value: 385,164
  • Low Value: 230,058

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $275,300
  • Assessed Land Value: $52,600
  • Assessed Improvements Value: $222,700

    Sales

  • Current Sale Contract Date: Jun 23, 2021
  • Current Sale Recording Date: Jun 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 43168
  • Previous Sale Recording Date: Jun 15, 2017
  • Previous Sale Amount: $209,000
  • Previous Sale Document Type: O
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:

$349,000

Sale Price/ft²

$225

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2198 ft²

Average Home Age

67.9 years

Currently For Sale

31 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 71252368

Frequently Asked Questions

When was property at 40 Mechanic Street built and last sold?
The property at 40 Mechanic Street was built in 2002 and last sold on Jun 23, 2021 for $270,000.
How much is this home worth?
The estimated value of the home located at 40 Mechanic Street is $252,389.
What are some comparable homes to 40 Mechanic Street?
There are currently no comparable homes to 40 Mechanic Street.
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