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Spencer 01562
48 Meadow Rd
Photo of 48 Meadow Rd
Sold on Apr 23, 2025

12

Map

Photo of 48 Meadow Rd
Photo of 48 Meadow Rd
$415,000
● House - Off Market

48 Meadow Rd

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,232 Ft²
$2,115
Est. Monthly
5.84%
Cap Rate

About This Property

Classic raised ranch with some big-ticket items recently completed. This home is ready for you! Brand new roof and boiler! Neutral carpet and paint scheme. Finished basement room could be used as home office or third bedroom, perfect for a teen suite or in-law with a full bath! Bright and sunny living and dining area with hardwoods, vaulted ceiling, and access to the back deck which was just recently painted. Cabinet packed kitchen. Two car garage so no cleaning snow off in the winter! Corner lot and town water and sewer round off this great property. Don't miss out! Offers, if any, should be highest and best and submitted no later than 5PM on March 7th with the attached multiple offer disclosure form. NO escalation clauses or buyer love letters.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$288
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1997

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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: 4 months ago (MLSPIN #73339298)

Price History

Date / Event Date Event Price
Apr 23, 2025 Sold
Premium
Sold
Mar 13, 2025 In contract -
In contract
Feb 27, 2025 Listed $354,900
Listed
Aug 3, 2018 Sold
Premium
Sold
Mar 20, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 23,385
  • Total Building Area: 1,232
  • Gross Building Area: 2,496
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000537
  • 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:00U24 B:00029 L:00000
  • Block: 29
  • Municipality: SPENCER
  • Latitude: 42.2457
  • Longitude: -72.0075

    Address

  • Full Address: 48 Meadow Rd
  • Address - House Number: 48
  • Address - Street Name: Meadow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: C001
  • 4-Digit Zip Code: 2014
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $413,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 430,097
  • High Value: 510,353
  • Low Value: 349,841

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $361,800
  • Assessed Land Value: $48,200
  • Assessed Improvements Value: $313,600

    Sales

  • Current Sale Recording Date: Aug 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 80736
  • Previous Sale Recording Date: Mar 20, 2006
  • Previous Sale Amount: $269,900
  • 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:

$399,900

Sale Price/ft²

$236

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1699 ft²

Average Home Age

84.4 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73339298

Frequently Asked Questions

When was property at 48 Meadow Road built and last sold?
The property at 48 Meadow Road was built in 1997 and last sold on Jan 1, 1970 for $241,689.
How much is this home worth?
The estimated value of the home located at 48 Meadow Road is $353,239.
What are some comparable homes to 48 Meadow Road?
There are currently no comparable homes to 48 Meadow Road.
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