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Ayer 01432
7 Grove St
$260,000
● House - Off Market

7 Grove St

Ayer, MA 01432
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,712 Ft²
$418,492
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Welcome to this Village/Farmhouse style colonial located in the center section of town.  Light bright updated and remodeled kitchen with an attached half bath and laundry room.  Open floor plan from kitchen to family room onward to the dining room then living room.   This property is nicely set on a level lot with a large deck off the kitchen area that will be a great spot to relax, enjoy the seasons or to entertain family and friends.   The enclosed porch is a nice area to provide the opportunity to remove coats, boots and such without tracking any mess into the house.  The front entry still has the original vestibule area.
Unit Size
1,712 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$151
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1910

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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 #72122594)

Price History

Date / Event Date Event Price
May 15, 2017 Sold
Premium
Sold
Feb 24, 2017 Listed by RE/MAX Partners $259,000
Listed by RE/MAX Partners

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1988
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 688
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,712
  • Building Area: 1,712
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,712
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ayer-Shirley School District
  • School Tax School District: AYER SHIRLEY SD
  • Census Tract: 325102

Zoning

  • Zoning: GR

Geography

  • Parcel: AYER M:033 B:0000 L:0010
  • Lot: 10
  • Municipality: AYER
  • Latitude: 42.5575
  • Longitude: -71.587

    Address

  • Full Address: 7 Grove St
  • Address - House Number: 7
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ayer
  • Carrier Code: C005
  • 4-Digit Zip Code: 1617
  • Zip Code: 01432

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $410,000

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 430,597
  • High Value: 505,676
  • Low Value: 355,518

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $330,100
  • Assessed Land Value: $126,800
  • Assessed Improvements Value: $203,300

    Sales

  • Current Sale Recording Date: May 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71535
  • Previous Sale Recording Date: Jan 20, 2017
  • 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 Ayer

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$310

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2001 ft²

Average Home Age

61.8 years

Currently For Sale

4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72122594

Frequently Asked Questions

When was property at 7 Grove Street built and last sold?
The property at 7 Grove Street was built in 1910 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 7 Grove Street is $261,882.
What are some comparable homes to 7 Grove Street?
There are currently no comparable homes to 7 Grove Street.
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