For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Worcester 01562
59 Borkum Rd
Photo of 59 Borkum Rd
Sold on Jul 31, 2026

35

Map

Photo of 59 Borkum Rd
Photo of 59 Borkum Rd
$280,111
● House - Off Market

59 Borkum Rd

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,296 Ft²
$1,628
Est. Monthly

About This Property

***OFFER DEADLINE WILL BE TUESDAY BY 5:00...Title 5 report attached in MLS. 1st time on the market! Great equity builder! If you are looking for a wonderful  location to live this is it! Beautiful area near the Leicester/Charlton line. Great level lot with room for expansion. The house needs almost extensive renovation and the price is the reflection of that so it will not qualify for FHA/VA loans in it's present condition. Septic did not pass Title 5. Updated roof and windows in 2020.***DO NOT  send buyers unaccompanied without an agent and enter at your own risk...there are some rotted deck boards and flooring inside that are very soft and not safe..Being sold in "as is" condition.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
1.65 acres
Price per sqft
$212
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1985

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 months ago (MLSPIN #73524523)

Price History

Date / Event Date Event Price
Jul 31, 2026 Sold
Premium
Sold
Jun 3, 2026 In contract -
In contract
May 27, 2026 Listed by ERA Key Realty Services- Spenc $275,000
Listed by ERA Key Realty Services- Spenc

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 71,761
  • Total Building Area: 864
  • Gross Building Area: 2,144
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 864
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001647
  • 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:00R05 B:00002 L:00004
  • Block: 2
  • Lot: 4
  • Municipality: SPENCER
  • Latitude: 42.1935
  • Longitude: -71.9589

    Address

  • Full Address: 59 Borkum Rd
  • Address - House Number: 59
  • Address - Street Name: Borkum
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R002
  • 4-Digit Zip Code: 3115
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $309,900

    Appraisal Valuation

  • Standard Deviation: 0.1325
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 84
  • Final Value: 338,797
  • High Value: 383,689
  • Low Value: 293,905

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $270,900
  • Assessed Land Value: $57,300
  • Assessed Improvements Value: $213,600
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

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2408 ft²

Average Home Age

62.6 years

Currently For Sale

1996 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

Click here to view more rentals in the neighborhood.
Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 73524523

Frequently Asked Questions

When was property at 59 Borkum Road built and last sold?
The property at 59 Borkum Road was built in 1985 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 59 Borkum Road is $283,192.
What are some comparable homes to 59 Borkum Road?
There are currently no comparable homes to 59 Borkum Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Spencer Homes for Sale
Spencer Houses for Sale
Spencer Condos for Sale
Spencer Multifamily for Sale
Spencer Land for Sale
Spencer Commercial for Sale
Spencer Homes with Basements
Spencer Homes with Pools
Nearby Cities
Southbridge Town Homes for Sale
Oxford Homes for Sale
Fiskdale Homes for Sale
Sturbridge Homes for Sale
North Brookfield Homes for Sale
Rutland Homes for Sale
East Brookfield Homes for Sale
Barre Homes for Sale
Nearby Property Records
Worcester County, MA Property Records
Windham County, CT Property Records
Tolland County, CT Property Records
Hampshire County, MA Property Records
Hampden County, MA Property Records
Providence County, RI Property Records
Franklin County, MA Property Records
Middlesex County, MA Property Records
Neighborhoods
Webster Square Real Estate
West Tatnuck Real Estate
Tatnuck Real Estate
Nearby Counties
Holden Homes for Sale
Auburn Homes for Sale
Southbridge Town Homes for Sale
Oxford Homes for Sale
Sturbridge Homes for Sale
Charlton Homes for Sale
Leicester Homes for Sale
Rutland Homes for Sale
Top Real Estate Agents
Top Agents in Spencer
Top Agents in Holden
Top Agents in Auburn
Top Agents in 01550
Top Agents in Southbridge Town
Top Agents in Southbridge Town
Top Agents in Webster Square
Top Agents in Oxford