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Worcester 01562
7 Washburn Drive
$249,000
● House - Off Market

7 Washburn Drive

Spencer, MA 01562
bedrooms
2 Beds
bathrooms
1 Bath
square feet
876 Ft²
$365,408
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Waterfront property on privately owned Brooks Pond. If you are looking for quiet without the noise of recreational vehicles, then this is the pond for you. Restricted to electrical motors.  Home is exposed post and beam construction with the master bedroom  in a loft style overlooking the open living room/ dining room with fireplace. Then step out onto the private second floor covered porch nestled in the pines overlooking the water.  Stairs from the porch lead down to the water or access the water from the walkout basement as you grab your kayak to paddle around numerous islands.  The walkout basement exits onto a cement patio that also looks out over the water.  This home is nestled under the pines in a quiet cove. Enjoy peace and quiet in this secluded year round home.
Unit Size
876 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$284
Property Type
House
Property Taxes
$252
HOA Dues
-
Year Built
1996

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72516503)

Price History

Date / Event Date Event Price
Jul 19, 2019 Sold
Premium
Sold
Jun 11, 2019 Listed by Waterwheel Realty $249,000
Listed by Waterwheel Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • 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: 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,514
  • Total Building Area: 926
  • Gross Building Area: 2,276
  • Building Area: 926
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 926
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000448
  • 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:00R60 B:00008 L:00000
  • Block: 8
  • Municipality: SPENCER
  • Latitude: 42.296
  • Longitude: -72.0374

    Address

  • Full Address: 7 Washburn Dr
  • Address - House Number: 7
  • Address - Street Name: Washburn
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 1021
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $377,400

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 393,961
  • High Value: 471,984
  • Low Value: 315,938

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $329,900
  • Assessed Land Value: $118,500
  • Assessed Improvements Value: $211,400

    Sales

  • Current Sale Contract Date: Jul 18, 2019
  • Current Sale Recording Date: Jul 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 69834
  • Previous Sale Recording Date: Jun 06, 2016
  • 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:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2400 ft²

Average Home Age

63.5 years

Currently For Sale

2076 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# 72516503

Frequently Asked Questions

When was property at 7 Washburn Drive built and last sold?
The property at 7 Washburn Drive was built in 1996 and last sold on Jul 18, 2019 for $249,000.
How much is this home worth?
The estimated value of the home located at 7 Washburn Drive is $251,992.
What are some comparable homes to 7 Washburn Drive?
There are currently no comparable homes to 7 Washburn Drive.
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