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Palmer Town 01069
5 Packard Ct
$149,000
● House - Off Market

5 Packard Ct

Palmer, MA 01069
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,922 Ft²
$154,053
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Back on Market **INVESTORS OPPORTUNITY** - 1st floor has 1 bedroom, kitchen, 1 full bath with decent size deck and laundry room. 2nd floor 3  bedrooms  1 full bath, 1 kitchen.2 separate electric meters. Could be set up with an in-law suite.  The property is in need of TLC. Sellers will make no repairs, selling "as is".  Open House on 03/06/2022 form 12:00pm to 1:00pm
Unit Size
1,922 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$78
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1900

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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 years ago (MLSPIN #72948543)

Price History

Date / Event Date Event Price
Aug 16, 2022 Sold
Premium
Sold
Mar 3, 2022 Listed by Keller Williams Realty Greater Worcester $149,000
Listed by Keller Williams Realty Greater Worcester
Sep 20, 2021 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 19
  • 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: 1,080
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,350
  • Total Building Area: 1,922
  • Gross Building Area: 3,160
  • Building Area: 1,922
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,922
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: PALM M:54 B:8
  • Block: 8
  • Municipality: PALMER
  • Latitude: 42.1488
  • Longitude: -72.3151

    Address

  • Full Address: 5 Packard St
  • Address - House Number: 5
  • Address - Street Name: Packard
  • Address - Suffix Type: St
  • State: MA
  • City Name: Palmer
  • Carrier Code: C002
  • 4-Digit Zip Code: 1827
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $360,400

    Appraisal Valuation

  • Standard Deviation: 0.2141
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 219,793
  • High Value: 266,872
  • Low Value: 172,713

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,400
  • Assessed Land Value: $46,200
  • Assessed Improvements Value: $139,200

    Sales

  • Current Sale Contract Date: Aug 09, 2022
  • Current Sale Recording Date: Aug 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 49530
  • Previous Sale Recording Date: Sep 20, 2021
  • Previous Sale Contract Date: Sep 17, 2021
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71
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

$226

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2110 ft²

Average Home Age

72.1 years

Currently For Sale

36 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 years ago
Data Source: MLS PIN, MLS# 72948543

Frequently Asked Questions

When was property at 5 Packard Court built and last sold?
The property at 5 Packard Court was built in 1900 and last sold on Aug 9, 2022 for $125,000.
How much is this home worth?
The estimated value of the home located at 5 Packard Court is $162,041.
What are some comparable homes to 5 Packard Court?
There are currently no comparable homes to 5 Packard Court.
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