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Ware 01082
5 Spring
$172,000
● House - Off Market

5 Spring

Ware, MA 01082
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,538 Ft²
$232,042
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Now is your chance to own this beautiful Victorian home which has been lovingly maintained by the same family for over 50 years!  This home features an updated kitchen with half bath, dining room, family room and living room with pocket doors, beautiful built in's and woodwork throughout the first floor.  The gorgeous stair case brings you up to the 2nd floor with all three bedrooms and remodeled bathroom.  A full walk up attic for storage or potential living space.  Walk out your kitchen to your own private deck for grilling and a 1 car garage. Sit back and enjoy the city views from your living room and master bedroom. This gem wont last and is ready for the next family to enjoy for 50 more years!
Unit Size
1,538 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$108
Property Type
House
Property Taxes
$200
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 #72650473)

Price History

Date / Event Date Event Price
Jun 26, 2020 Sold
Premium
Sold
May 8, 2020 Listed by Gravel Real Estate Associates $165,500
Listed by Gravel Real Estate Associates

Property Highlights

Garage
With View

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 661
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,762
  • Total Building Area: 1,538
  • Gross Building Area: 2,944
  • Building Area: 1,538
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,538
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000063
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ware School District
  • School Tax School District: WARE SD
  • Census Tract: 820102

Zoning

  • Zoning: DTR

Geography

  • Account Number: 3322
  • Parcel: WARE M:00061 B:00000 L:00233
  • Lot: 233
  • Municipality: WARE
  • Latitude: 42.2631
  • Longitude: -72.239

    Address

  • Full Address: 5 Spring St
  • Address - House Number: 5
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ware
  • Carrier Code: C001
  • 4-Digit Zip Code: 1121
  • Zip Code: 01082

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $332,900

    Appraisal Valuation

  • Standard Deviation: 0.1492
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 254,379
  • High Value: 292,354
  • Low Value: 216,403

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,900
  • Assessed Land Value: $21,500
  • Assessed Improvements Value: $171,400

    Sales

  • Current Sale Contract Date: Jun 23, 2020
  • Current Sale Recording Date: Jun 26, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12045
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 Ware

Stats & Trends

Median Asking:

$294,500

Sale Price/ft²

$168

Below Asking

0.02%

Average Days on Market

53

Average Home Size

2474 ft²

Average Home Age

133.7 years

Currently For Sale

18 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: 4 months ago
Data Source: MLS PIN, MLS# 72650473

Frequently Asked Questions

When was property at 5 Spring Street built and last sold?
The property at 5 Spring Street was built in 1890 and last sold on Jun 23, 2020 for $172,000.
How much is this home worth?
The estimated value of the home located at 5 Spring Street is $173,947.
What are some comparable homes to 5 Spring Street?
There are currently no comparable homes to 5 Spring Street.
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