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Worcester 01562
74 Thompson Pond Rd
$55,000
● House - Off Market

74 Thompson Pond Rd

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,197 Ft²
$92,684
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

OPPORTUNITY KNOCKS!  ATTENTION BUILDERS/CONTRACTORS AND SAVY HOMEOWNERS!  This .90 acre lot with 3 bedroom ranch with passing Title V.  Property being Sold AS.IS.  Property requires complete rehab but at this price is is well worth the effort.  Cash or rehab loan only.. It can't last long at this price.   This asset is offered under Freddie Mac First Look Program thru 8/17/2016. Only owner occupants offers will be considered during this time. See attached owner occupant affidavit. Property must be listed in MLS for 48 hours before seller will look at offers. Seller offering up to $500 toward a home warranty of buyer's choice for owner occupant offers only, must be written in offer.
Unit Size
1,197 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$46
Property Type
House
Property Taxes
$194
HOA Dues
-
Year Built
1950

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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 #72044627)

Price History

Date / Event Date Event Price
Sep 1, 2016 Sold
Premium
Sold
Jul 28, 2016 Listed by Innovative Real Estate Solutions LLC $54,900
Listed by Innovative Real Estate Solutions LLC
Jun 30, 1997 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 39,600
  • Total Building Area: 1,185
  • Gross Building Area: 2,687
  • Building Area: 1,185
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,185
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000909
  • 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:00U36 B:00005 L:00000
  • Block: 5
  • Municipality: SPENCER
  • Latitude: 42.2976
  • Longitude: -71.9664

    Address

  • Full Address: 74 Thompson Pond Rd
  • Address - House Number: 74
  • Address - Street Name: Thompson Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 2921
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $337,800

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 287,255
  • High Value: 344,145
  • Low Value: 230,365

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $295,300
  • Assessed Land Value: $53,200
  • Assessed Improvements Value: $242,100

    Sales

  • Current Sale Recording Date: Sep 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 98658
  • Previous Sale Recording Date: Jun 30, 1997
  • Previous Sale Amount: $99,000
  • 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

57

Average Home Size

2402 ft²

Average Home Age

63.4 years

Currently For Sale

2051 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# 72044627

Frequently Asked Questions

When was property at 74 Thompson Pond Road built and last sold?
The property at 74 Thompson Pond Road was built in 1950 and last sold on Jan 1, 1970 for $55,000.
How much is this home worth?
The estimated value of the home located at 74 Thompson Pond Road is $70,119.
What are some comparable homes to 74 Thompson Pond Road?
There are currently no comparable homes to 74 Thompson Pond Road.
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