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Palmer Town 01079
4032 Main
$365,000
● House - Off Market

4032 Main

Palmer, MA 01069
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,850 Ft²
$2,152
Est. Monthly

About This Property

If you enjoy outdoor living and gardening, this property is for you!  1.75 acres with a mix of wooded area near the river, tilled soil for crops, inground swimming pool, fire pit, patio, grassy lawn for games, etc.  Two kitchens, large mudroom, two full bathrooms, formal dining and living rooms, with a bonus space (office, family room) on the first floor. Four bedrooms on the second floor with original hardwood flooring and ample storage space. While officially recognized in public records as a 2-family home, this property has seamlessly transitioned into a single-family sanctuary. However, with effortless adaptability, it presents an opportunity for further customization, easily converting to include a one-bedroom apartment or in-law suite. First showings at the open house on Saturday, June 1st, 10:30 am - Noon.
Unit Size
2,850 Ft²
Days on Market
-
Land Size
1.75 acres
Price per sqft
$126
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1874

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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 #73240639)

Price History

Date / Event Date Event Price
Sep 20, 2024 Sold
Premium
Sold
Jul 17, 2024 In contract -
In contract
May 30, 2024 Listed by Berkshire Hathaway HomeServices Realty Professionals $360,000
Listed by Berkshire Hathaway HomeServices Realty Professionals
May 31, 2019 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1874
  • Effective Year Built: 1874
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • 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: 76,230
  • Total Building Area: 2,850
  • Gross Building Area: 5,002
  • Building Area: 2,850
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,850
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001750
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

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

Geography

  • Parcel: PALM M:82 B:15
  • Block: 15
  • Municipality: PALMER
  • Latitude: 42.1903
  • Longitude: -72.3352

    Address

  • Full Address: 4032 Main St
  • Address - House Number: 4032
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Palmer
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $461,000

    Appraisal Valuation

  • Standard Deviation: 0.1766
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 278,213
  • High Value: 327,361
  • Low Value: 229,064

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $229,800
  • Assessed Land Value: $63,400
  • Assessed Improvements Value: $166,400

    Sales

  • Current Sale Contract Date: May 22, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 28569
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

$224

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2229 ft²

Average Home Age

69.6 years

Currently For Sale

29 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# 73240639

Frequently Asked Questions

When was property at 4032 Main Street built and last sold?
The property at 4032 Main Street was built in 1874 and last sold on May 22, 2019 for $112,600.
How much is this home worth?
The estimated value of the home located at 4032 Main Street is $375,194.
What are some comparable homes to 4032 Main Street?
There are currently no comparable homes to 4032 Main Street.
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