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Worcester 01562
7 Buteau Rd
$370,000
● House - Off Market

7 Buteau Rd

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,724 Ft²
$518,625
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Expanded Colonial/Gabrel on a private and tranquil setting with features for every member of the family located on the Charlton side of Spencer.   Features include an over-sized cherry kitchen with custom cabinetry, hardwood floors and dining area, family room with pellet stove, front to back foyer high ceiling foyer that leads to sun room with radiant heat over looking spacious yard and in-ground pool.  Master bedroom suite with wood beams and cathedral ceiling, over-sized 2 car garage with radiant heat.  Pool has new liner, stone work and cover, new shed.
Unit Size
2,724 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$136
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
1978

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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 #72650520)

Price History

Date / Event Date Event Price
Jun 19, 2020 Sold
Premium
Sold
May 2, 2020 Listed by William Raveis Prime $369,900
Listed by William Raveis Prime
Apr 14, 2017 Sold
Premium
Sold
Jan 2, 2017 Listed by William Raveis Prime $325,000
Listed by William Raveis Prime
Aug 27, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • 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: 43,000
  • Total Building Area: 2,724
  • Gross Building Area: 5,212
  • Building Area: 2,724
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,724
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000987
  • 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:00U27 B:00076 L:00000
  • Block: 76
  • Municipality: SPENCER
  • Latitude: 42.1988
  • Longitude: -71.9483

    Address

  • Full Address: 7 Buteau Rd
  • Address - House Number: 7
  • Address - Street Name: Buteau
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R002
  • 4-Digit Zip Code: 3135
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $524,100

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 530,071
  • High Value: 619,791
  • Low Value: 440,352

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $458,100
  • Assessed Land Value: $59,400
  • Assessed Improvements Value: $398,700

    Sales

  • Current Sale Contract Date: Jun 15, 2020
  • Current Sale Recording Date: Jun 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 64857
  • Previous Sale Recording Date: Apr 14, 2017
  • Previous Sale Amount: $316,500
  • Previous Sale Document Type: O
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

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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# 72650520

Frequently Asked Questions

When was property at 7 Buteau Road built and last sold?
The property at 7 Buteau Road was built in 1978 and last sold on Jun 15, 2020 for $370,000.
How much is this home worth?
The estimated value of the home located at 7 Buteau Road is $393,761.
What are some comparable homes to 7 Buteau Road?
There are currently no comparable homes to 7 Buteau Road.
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