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Spencer 01562
7 Grant St
$219,000
● House - Off Market

7 Grant St

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,004 Ft²
$287,730
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Come view this great ranch home in Spencer! Situated on a quiet street but still very close to amenities, this is a great place for any buyers starting out and for others just looking to downsize. Many updates have been done to this home including a new roof earlier this year, removing a wall to open the living room up to the kitchen, and more, plus a number of cosmetic updates throughout. There's still plenty of opportunities to customize this house as you go! This home is also in an agricultural community, as the current homeowners have 2 goats by permit. Schedule your private showing today!
Unit Size
1,004 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$218
Property Type
House
Property Taxes
$201
HOA Dues
-
Year Built
1959

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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 #72709188)

Price History

Date / Event Date Event Price
Dec 11, 2020 Sold
Premium
Sold
Sep 10, 2020 No longer available -
No longer available
Aug 25, 2020 Relisted $219,000
Relisted
Aug 20, 2020 In contract -
In contract
Aug 13, 2020 Listed by RE/MAX Prof Associates $219,000
Listed by RE/MAX Prof Associates
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • 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: 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: 9,763
  • Total Building Area: 1,004
  • Gross Building Area: 2,044
  • Building Area: 1,004
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,004
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • 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:00U20 B:00064 L:00000
  • Block: 64
  • Municipality: SPENCER
  • Latitude: 42.2487
  • Longitude: -71.9962

    Address

  • Full Address: 7 Grant St
  • Address - House Number: 7
  • Address - Street Name: Grant
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C006
  • 4-Digit Zip Code: 1612
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $290,800

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 316,655
  • High Value: 369,539
  • Low Value: 263,772

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $254,200
  • Assessed Land Value: $40,900
  • Assessed Improvements Value: $213,300

    Sales

  • Current Sale Contract Date: Oct 28, 2020
  • Current Sale Recording Date: Dec 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 154102
  • Previous Sale Recording Date: Mar 22, 2019
  • Previous Sale Contract Date: Mar 22, 2019
  • Previous Sale Amount: $72,639
  • 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 Spencer

Stats & Trends

Median Asking:

$397,000

Sale Price/ft²

$231

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2696 ft²

Average Home Age

111.4 years

Currently For Sale

8 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: 5 months ago
Data Source: MLS PIN, MLS# 72709188

Frequently Asked Questions

When was property at 7 Grant Street built and last sold?
The property at 7 Grant Street was built in 1959 and last sold on Oct 28, 2020 for $219,000.
How much is this home worth?
The estimated value of the home located at 7 Grant Street is $223,235.
What are some comparable homes to 7 Grant Street?
There are currently no comparable homes to 7 Grant Street.
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