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Spencer 01562
lots 6-14 Sunset Lane
Photo of lots 6-14 Sunset Lane

1

Map

$349,900
● Land - Off Market

lots 6-14 Sunset Lane

Spencer, MA 01562
bedrooms
Studio
bathrooms
0 Bath
$1,719
Est. Monthly

About This Property

Local Bank Owned subdivision  with special  financing available from Webster First Federal Credit union with 10% down, 3.5% int. fixed for 3 years.  9 Lots all different sizes  situated in a great new neighborhood with town water and sewer in the street(needs to be continued). Subdivision plan in hand. Original plan was for single family attached homes. Road needs to be finished. 5 additional lots available in same new area for additional costs.(See Holmes Street Lots)  14 Lots in all!
Unit Size
-
Days on Market
-
Land Size
8.52 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1959

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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: 4 months ago (MLSPIN #71090968)

Price History

Date / Event Date Event Price
Jun 4, 2010 Listed by ERA Key Realty Services- Spenc $349,900
Listed by ERA Key Realty Services- Spenc
Oct 11, 2000 Sold
Premium
Sold
Dec 17, 1998 Sold
Premium
Sold
Jun 8, 1998 Listed by ERA Key Realty Services- Spenc $110,000
Listed by ERA Key Realty Services- Spenc

Property Highlights

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 12,264
  • Total Building Area: 1,664
  • Gross Building Area: 3,516
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000282
  • 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: 726200

Geography

  • Parcel: SPEN M:00U06 B:00136 L:00000
  • Block: 136
  • Municipality: SPENCER
  • Latitude: 42.2454
  • Longitude: -71.9808

    Address

  • Full Address: 6 Sunset Ln
  • Address - House Number: 6
  • Address - Street Name: Sunset
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Spencer
  • Carrier Code: C004
  • 4-Digit Zip Code: 2340
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $438,300

    Appraisal Valuation

  • Standard Deviation: 0.2342
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 53
  • Final Value: 391,072
  • High Value: 482,668
  • Low Value: 299,475

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $383,100
  • Assessed Land Value: $46,200
  • Assessed Improvements Value: $336,900

    Sales

  • Current Sale Recording Date: Oct 11, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 17, 1998
  • Previous Sale Amount: $108,000
  • Previous Sale Document Type: 27
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

$224

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2666 ft²

Average Home Age

121.1 years

Currently For Sale

7 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# 71090968

Frequently Asked Questions

When was property at 6 Sunset Lane built and last sold?
The property at 6 Sunset Lane was built in 1959 and last sold on Jan 1, 1970 for $120,000.
How much is this home worth?
The estimated value of the home located at 6 Sunset Lane is $353,399.
What are some comparable homes to 6 Sunset Lane?
There are currently no comparable homes to 6 Sunset Lane.
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