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Ayer 01432
5 Mechanic Street
$295,000
● House - Off Market

5 Mechanic Street

Ayer, MA 01432
bedrooms
2 Beds
bathrooms
1 Bath
square feet
910 Ft²
$317,205
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Stunning sun drenched village colonial in a fantastic commuter location! Three minute walk to Commuter Rail T Station and downtown Ayer with  local restaurants and amenities.  The first floor features a spacious living room that connects to the eat-in kitchen with back deck access.  The upstairs has two generous sized bedrooms with amazing natural light as well as a full bathroom. The basement provides great storage ability and laundry hook ups. Plenty of outdoor space for entertaining with the partially fenced in yard and covered back deck. Furnace and hot water tank were replaced in 2018! Offer deadline Monday 10/31 at 5PM
Unit Size
910 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$329
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1890

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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 #73053122)

Price History

Date / Event Date Event Price
Dec 7, 2022 Sold
Premium
Sold
Nov 4, 2022 In contract -
In contract
Oct 28, 2022 Listed by Cameron Prestige, LLC $299,000
Listed by Cameron Prestige, LLC
Oct 6, 2021 No longer available -
No longer available
Aug 21, 2020 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1988
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 520
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,614
  • Total Building Area: 910
  • Building Area: 910
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 910
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000060
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ayer-Shirley School District
  • School Tax School District: AYER SHIRLEY SD
  • Census Tract: 325102

Zoning

  • Zoning: DB

Geography

  • Parcel: AYER M:026 B:0000 L:0351
  • Lot: 351
  • Municipality: AYER
  • Latitude: 42.5598
  • Longitude: -71.593

    Address

  • Full Address: 5 Mechanic St
  • Address - House Number: 5
  • Address - Street Name: Mechanic
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ayer
  • Carrier Code: C002
  • 4-Digit Zip Code: 1201
  • Zip Code: 01432

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $277,600

    Appraisal Valuation

  • Standard Deviation: 0.2265
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 54
  • Final Value: 225,214
  • High Value: 276,232
  • Low Value: 174,195

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,500
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $133,500

    Sales

  • Current Sale Contract Date: Dec 07, 2022
  • Current Sale Recording Date: Dec 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 178477
  • Previous Sale Recording Date: Aug 21, 2020
  • Previous Sale Contract Date: Aug 21, 2020
  • Previous Sale Amount: $260,000
  • 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 Ayer

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$310

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2001 ft²

Average Home Age

61.8 years

Currently For Sale

4 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 months ago
Data Source: MLS PIN, MLS# 73053122

Frequently Asked Questions

When was property at 5 Mechanic Street built and last sold?
The property at 5 Mechanic Street was built in 1890 and last sold on Dec 7, 2022 for $295,000.
How much is this home worth?
The estimated value of the home located at 5 Mechanic Street is $299,586.
What are some comparable homes to 5 Mechanic Street?
There are currently no comparable homes to 5 Mechanic Street.
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