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Spencer 01562
5 Salem Street
Photo of 5 Salem Street
Sold on Jun 29, 2026

23

Map

Photo of 5 Salem Street
Photo of 5 Salem Street
$365,000
● House - Off Market

5 Salem Street

Spencer, MA 01562
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,082 Ft²
$1,918
Est. Monthly

About This Property

Back on Market. Buyers no longer qualified for the house. Opportunity for a new buyer. If you're looking for an affordable home with an in-law apartment, this is it. Full in-law with separate utilities and a separate entrance on 2nd floor. 2 Family use is also allowed if you put in a 2nd egress. Seller is selling AS-IS. All types of financing allowed (Minor peeling paint can be done for VA/FHA). 1st floor is 6 rooms, 4 bedrooms, and 1 bath. In-law has 3 rooms, 1 bedroom, and 1 bath. Nice level yard in an established neighborhood. Covered front porch with room for seating. Do some cosmetic updates and make this home your own. Roof is new.
Unit Size
2,082 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$158
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1928

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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 #73502442)

Price History

Date / Event Date Event Price
Jun 29, 2026 Sold
Premium
Sold
May 8, 2026 In contract -
In contract
Apr 22, 2026 In contract -
In contract
Apr 15, 2026 Listed by Maria Gruber Hopkins Associates $329,900
Listed by Maria Gruber Hopkins Associates

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 2
  • 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: 16,501
  • Total Building Area: 2,026
  • Gross Building Area: 4,296
  • Building Area: 2,026
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,026
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000379
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Spencer-East Brookfield School District
  • School Tax School District: SPENCR-E BRKFLD
  • Census Tract: 726200

Geography

  • Parcel: SPEN M:00U04 B:00033 L:00000
  • Block: 33
  • Municipality: SPENCER
  • Latitude: 42.2402
  • Longitude: -71.9874

    Address

  • Full Address: 5 Salem St
  • Address - House Number: 5
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C007
  • 4-Digit Zip Code: 2337
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $321,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1325
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 84
  • Final Value: 374,762
  • High Value: 424,419
  • Low Value: 325,104

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $280,900
  • Assessed Land Value: $39,800
  • Assessed Improvements Value: $241,100

    Sales

  • Current Sale Recording Date: Jun 20, 2008
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00069309
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:

$390,000

Sale Price/ft²

$223

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2778 ft²

Average Home Age

120 years

Currently For Sale

6 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# 73502442

Frequently Asked Questions

When was property at 5 Salem Street built and last sold?
The property at 5 Salem Street was built in 1928 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Salem Street is $0.
What are some comparable homes to 5 Salem Street?
There are currently no comparable homes to 5 Salem Street.
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