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Worcester 01562
5 Garrett Lane
$234,000
● House - Off Market

5 Garrett Lane

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,360 Ft²
$529,487
RealtyHop Estimate
124.36%
Since Apr 1, 2012
National-US
Primary Model

About This Property

Exceptional home! Pristine condition! Loaded w/extras: over-sized garage (8') for large truck, workbenches, Gen Tran wired, 2x6 construction, Title V PASSED!  RV 4K lb. pad in backyard.  Open floor plan, breezeway from 2 car gar. into house, 3rd garage under, elec. sun-shade w/remote on deck, working Cupola, pellet stove. Seller says he recently added $10,000 of landscaping.  Energy efficient!  Plenty of room to add on. Privacy at end of cul de sac. PRE-APPROVAL TO ACCOMPANY ALL OFFERS!
Unit Size
1,360 Ft²
Days on Market
-
Land Size
1.94 acres
Price per sqft
$174
Property Type
House
Property Taxes
$190
HOA Dues
-
Year Built
1991

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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 years ago (MLSPIN #71326801)

Price History

Date / Event Date Event Price
Oct 28, 2021 Sold
Premium
Sold
Mar 29, 2012 Sold
Premium
Sold
Jan 12, 2012 Listed by RE/MAX Prof Associates $236,000
Listed by RE/MAX Prof Associates
Nov 1, 1991 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 84,394
  • Total Building Area: 1,350
  • Gross Building Area: 3,514
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANTANAVICA CONST CO INC & ROBE
  • Land Acres: 0000001937
  • 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: 726100

Geography

  • Parcel: SPEN M:00R28 B:00003 L:00003
  • Block: 3
  • Lot: 3
  • Municipality: SPENCER
  • Latitude: 42.2445
  • Longitude: -71.9692

    Address

  • Full Address: 5 Garrett Ln
  • Address - House Number: 5
  • Address - Street Name: Garrett
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Spencer
  • Carrier Code: R002
  • 4-Digit Zip Code: 2739
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $458,400

    Appraisal Valuation

  • Standard Deviation: 0.1905
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 428,850
  • High Value: 510,563
  • Low Value: 347,137

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $400,700
  • Assessed Land Value: $64,200
  • Assessed Improvements Value: $336,500

    Sales

  • Current Sale Contract Date: Oct 27, 2021
  • Current Sale Recording Date: Oct 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 151189
  • Previous Sale Recording Date: Mar 29, 2012
  • Previous Sale Amount: $234,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2391 ft²

Average Home Age

64.3 years

Currently For Sale

2106 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71326801

Frequently Asked Questions

When was property at 5 Garrette Lane built and last sold?
The property at 5 Garrette Lane was built in 1991 and last sold on Oct 27, 2021 for $359,000.
How much is this home worth?
The estimated value of the home located at 5 Garrette Lane is $0.
What are some comparable homes to 5 Garrette Lane?
There are currently no comparable homes to 5 Garrette Lane.
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