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Worcester 01562
75 Borkum Road
$312,500
● House - Off Market

75 Borkum Road

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,168 Ft²
$511,363
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Beautifully updated young Colonial featuring 3 Beds and 2 1/2 baths. Open floor plans allows for easy entertaining between your granite filled kitchen and your spacious living room with a fireplace. Spa like master retreat to relax at the end of the night, including shower jets, rain shower head and towel warmers. No more shoveling your car out with a oversized 2 gar garage. Incredible views for your 4 acres of land, perfect for ATV's and snow-mobiling. First floor laundry. Additional room in loft on second floor for a office or potential 4th bedroom. Walk-up attic makes it easy to get to storage or additional future living space. Property surrounded by Chapter 61A land.  This house is a beauty and will not last long.
Unit Size
2,168 Ft²
Days on Market
-
Land Size
4.23 acres
Price per sqft
$148
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
2004

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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 #72172025)

Price History

Date / Event Date Event Price
Jul 28, 2017 Sold
Premium
Sold
May 30, 2017 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $319,900
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.
Aug 3, 2015 Sold
Premium
Sold
Apr 1, 2015 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $309,900
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.
May 30, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 184,146
  • Total Building Area: 2,168
  • Gross Building Area: 4,520
  • Building Area: 2,168
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,168
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004227
  • 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:00R04 B:00016 L:00000
  • Block: 16
  • Municipality: SPENCER
  • Latitude: 42.1893
  • Longitude: -71.9592

    Address

  • Full Address: 75 Borkum Rd
  • Address - House Number: 75
  • Address - Street Name: Borkum
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R002
  • 4-Digit Zip Code: 3115
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $565,400

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 555,547
  • High Value: 653,735
  • Low Value: 457,360

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $494,200
  • Assessed Land Value: $66,400
  • Assessed Improvements Value: $427,800

    Sales

  • Current Sale Recording Date: Jul 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 81600
  • Previous Sale Recording Date: Aug 03, 2015
  • Previous Sale Amount: $304,900
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2408 ft²

Average Home Age

62.6 years

Currently For Sale

1996 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 months ago
Data Source: MLS PIN, MLS# 72172025

Frequently Asked Questions

When was property at 75 Borkum Road built and last sold?
The property at 75 Borkum Road was built in 2004 and last sold on Jan 1, 1970 for $312,500.
How much is this home worth?
The estimated value of the home located at 75 Borkum Road is $337,932.
What are some comparable homes to 75 Borkum Road?
There are currently no comparable homes to 75 Borkum Road.
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