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Palmer Town 01079
7 Commercial
Photo of 7 Commercial
Sold on Feb 13, 2009

1

Map

$175,000
● House - Off Market

7 Commercial

Palmer, MA 01079
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,798 Ft²
$392,287
RealtyHop Estimate
112.05%
Since Mar 1, 2009
National-US
Primary Model

About This Property

PRICE REDUCED! This incredible historic victorian has almost all of it's original features intact. Original woodwork, grand staircase, pass through built-in hutch, pocket doors, carved front doors, hardwood floors, beautiful fireplace mantel, walkout bay windows, 2 porches, walk up third floor attic with 4 rooms that would be perfect for a studio or office, 2 car garage. New furnace and superstor water tank, newer roof. Some commercial uses. Seller to contribute $5,000 towards closing costs.
Unit Size
2,798 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$66
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1900

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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: 5 months ago (MLSPIN #70764485)

Price History

Date / Event Date Event Price
Feb 13, 2009 Sold
Premium
Sold
May 20, 2008 Listed $185,000
Listed
Apr 17, 2007 Sold
Premium
Sold
Jan 13, 2007 Listed $259,900
Listed
May 30, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,390
  • Total Building Area: 2,617
  • Gross Building Area: 5,244
  • Building Area: 2,617
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,617
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000491
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Palmer School District
  • Census Tract: 810100

Geography

  • Parcel: PALM M:82 B:94
  • Block: 94
  • Municipality: PALMER
  • Latitude: 42.1899
  • Longitude: -72.3357

    Address

  • Full Address: 7 Commercial St
  • Address - House Number: 7
  • Address - Street Name: Commercial
  • Address - Suffix Type: St
  • State: MA
  • City Name: Palmer
  • Zip Code: 01069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $507,700

    Appraisal Valuation

  • Standard Deviation: 0.1915
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 320,910
  • High Value: 382,379
  • Low Value: 259,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,100
  • Assessed Land Value: $52,900
  • Assessed Improvements Value: $200,200

    Sales

  • Current Sale Recording Date: Feb 13, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8814
  • Previous Sale Recording Date: Apr 17, 2007
  • Previous Sale Amount: $259,900
  • 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 Palmer Town

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$225

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2367 ft²

Average Home Age

67.8 years

Currently For Sale

30 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: 5 months ago
Data Source: MLS PIN, MLS# 70764485

Frequently Asked Questions

When was property at 7 Commercial Street built and last sold?
The property at 7 Commercial Street was built in 1900 and last sold on Jan 1, 1970 for $175,000.
How much is this home worth?
The estimated value of the home located at 7 Commercial Street is $209,756.
What are some comparable homes to 7 Commercial Street?
There are currently no comparable homes to 7 Commercial Street.
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