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Worcester 01562
67 Borkum Rd
$299,900
● House - Off Market

67 Borkum Rd

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,261 Ft²
$558,205
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

BIG PRICE CHANGE!!  Beautiful 3 Bedroom, 2 1/2 Bath Contemporary set on almost 5 Acres of privacy.  Warm and welcoming home offers an open and versatile floor plan, fireplaced living room with wood insert, eat in kitchen with solid surfaces and Kraftmaid Cabinets, Oversized master suite with cathedral ceilings and a large walk in closet, masterbath with a wonderful soaking tub and separate tiled shower and a large finished room over garage is great for a private living room/office or nursery.  Walk out basement could be easily finished and home is wired for a generator.   So many extras in this home!!  Home is move in ready and is a great location for commuting. QUICK CLOSE POSSIBLE!!
Unit Size
2,261 Ft²
Days on Market
-
Land Size
4.96 acres
Price per sqft
$133
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
2002

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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: 6 months ago (MLSPIN #71638021)

Price History

Date / Event Date Event Price
Sep 25, 2014 Sold
Premium
Sold
Feb 25, 2014 Listed by Century 21 Toomey-Lovett $299,900
Listed by Century 21 Toomey-Lovett
Jun 7, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 200
  • 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: 215,945
  • Total Building Area: 2,251
  • Gross Building Area: 4,173
  • Building Area: 2,251
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,251
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004957
  • 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:00R04 B:00012 L:00000
  • Block: 12
  • Municipality: SPENCER
  • Latitude: 42.1914
  • Longitude: -71.9581

    Address

  • Full Address: 67 Borkum Rd
  • Address - House Number: 67
  • 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: $573,700

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 551,140
  • High Value: 640,312
  • Low Value: 461,968

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $501,500
  • Assessed Land Value: $68,900
  • Assessed Improvements Value: $432,600

    Sales

  • Current Sale Recording Date: Sep 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 89244
  • Previous Sale Recording Date: Jun 07, 2000
  • Previous Sale Amount: $50,000
  • 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 Worcester

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2372 ft²

Average Home Age

65 years

Currently For Sale

2022 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: 6 months ago
Data Source: MLS PIN, MLS# 71638021

Frequently Asked Questions

When was property at 67 Borkum Road built and last sold?
The property at 67 Borkum Road was built in 2002 and last sold on Jan 1, 1970 for $299,900.
How much is this home worth?
The estimated value of the home located at 67 Borkum Road is $320,828.
What are some comparable homes to 67 Borkum Road?
There are currently no comparable homes to 67 Borkum Road.
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