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Spencer 01562
49 Lake Street
$278,500
● House - Off Market

49 Lake Street

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,259 Ft²
$418,713
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Home sweet home! Don't miss this wonderful house with water views of Lake Whittemore. This over sized Cape has a huge family room with cathedral ceilings, beautiful hardwood floors, and a pellet stove to supplement your heat. French doors open to the dining room and kitchen. The spacious kitchen boast granite counter tops, upgraded cabinets and stainless steel appliances. Sit in your living room and enjoy views of the Lake. First floor laundry/storage area has sliders leading to your 3 season porch with even more views. Extra wide staircase with beautiful woodwork brings you to the second floor with 3 bedrooms and another full bath. Great side yard for outdoor games and activities. Boat storage attached to the basement, and dead end street. Come make this house your home!
Unit Size
2,259 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$122
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1950

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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: 5 months ago (MLSPIN #72288012)

Price History

Date / Event Date Event Price
May 17, 2018 Sold
Premium
Sold
Mar 1, 2018 Listed by Paramount Realty Group $275,000
Listed by Paramount Realty Group
May 15, 2013 Sold
Premium
Sold
Mar 12, 2013 Listed by Paramount Realty Group $254,900
Listed by Paramount Realty Group

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 17,070
  • Total Building Area: 2,433
  • Gross Building Area: 4,823
  • Building Area: 2,433
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,433
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000392
  • 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:00U15 B:00013 L:00000
  • Block: 13
  • Municipality: SPENCER
  • Latitude: 42.2532
  • Longitude: -71.9868

    Address

  • Full Address: 49 Lake St
  • Address - House Number: 49
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C003
  • 4-Digit Zip Code: 1831
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $480,400

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 482,372
  • High Value: 567,627
  • Low Value: 397,118

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $419,900
  • Assessed Land Value: $49,100
  • Assessed Improvements Value: $370,800

    Sales

  • Current Sale Recording Date: May 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47440
  • Previous Sale Recording Date: May 15, 2013
  • Previous Sale Amount: $254,900
  • 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 Spencer

Stats & Trends

Median Asking:

$389,950

Sale Price/ft²

$221

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1424 ft²

Average Home Age

102 years

Currently For Sale

3 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# 72288012

Frequently Asked Questions

When was property at 49 Lake Street built and last sold?
The property at 49 Lake Street was built in 1950 and last sold on Jan 1, 1970 for $278,500.
How much is this home worth?
The estimated value of the home located at 49 Lake Street is $277,828.
What are some comparable homes to 49 Lake Street?
There are currently no comparable homes to 49 Lake Street.
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