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Worcester 01562
7 Shore Drive
$170,500
● House - Off Market

7 Shore Drive

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,574 Ft²
$466,046
RealtyHop Estimate
170.17%
Since Aug 1, 2001
National-US
Primary Model

About This Property

WELL MAINTAINED 1574 SF RANCH WITH CURB APPEAL, ON 1.74 ACRS NEWER ROOF, VINYL SIDED, 2 CAR ATT/GARAGE. 3 SPACIOUS BR, HARDWOODS, FP LR, FULLY APPLIANCED. BONUS: 994 ADDITIONAL SF IN LOWER LEVEL INCLUDES KITCHN, FP LIV RM,BEDROOM &FULL BATH
Unit Size
1,574 Ft²
Days on Market
-
Land Size
1.73 acres
Price per sqft
$110
Property Type
House
Property Taxes
$111
HOA Dues
-
Year Built
1948

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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 years ago (MLSPIN #30486237)

Price History

Date / Event Date Event Price
May 30, 2002 Sold
Premium
Sold
Jul 23, 2001 Sold
Premium
Sold
Mar 16, 2001 Listed by Emerson REALTORS® $172,500
Listed by Emerson REALTORS®

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 37,260
  • Total Building Area: 1,525
  • Gross Building Area: 4,685
  • Building Area: 1,525
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,525
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000855
  • 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:00U35 B:00002 L:00000
  • Block: 2
  • Municipality: SPENCER
  • Latitude: 42.2989
  • Longitude: -71.9715

    Address

  • Full Address: 7 Shore Dr
  • Address - House Number: 7
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 2915
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $404,700

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 429,960
  • High Value: 505,951
  • Low Value: 353,969

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $353,800
  • Assessed Land Value: $57,900
  • Assessed Improvements Value: $295,900

    Sales

  • Current Sale Recording Date: May 30, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 23, 2001
  • Previous Sale Amount: $170,500
  • 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

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2385 ft²

Average Home Age

64.5 years

Currently For Sale

2059 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: 4 years ago
Data Source: MLS PIN, MLS# 30486237

Frequently Asked Questions

When was property at 7 Shore Drive built and last sold?
The property at 7 Shore Drive was built in 1948 and last sold on Jan 1, 1970 for $205,000.
How much is this home worth?
The estimated value of the home located at 7 Shore Drive is $0.
What are some comparable homes to 7 Shore Drive?
There are currently no comparable homes to 7 Shore Drive.
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