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Spencer 01562
78 Cherry St
$300,000
● House - Off Market

78 Cherry St

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,025 Ft²
$308,264
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome Home! Whether you are ready to downsize, just starting out, or just looking for a new home, this charming 3-bedroom, 1 bathroom ranch is perfect for you. Comfortable one level living with 3 well place, generous size bedrooms, a large full bathroom, and wood floors throughout. The unfinished basement offers a work area, laundry hook ups, and walk out though a bulkhead. Enjoy your spacious level half acre lot just a short distance from Main Street with town water and town sewer.Best and final offers due Sunday 07/09/2023 at noontime.
Unit Size
1,025 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$302
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1959

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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 #73131780)

Price History

Date / Event Date Event Price
Aug 30, 2023 Sold
Premium
Sold
Jul 26, 2023 In contract -
In contract
Jul 18, 2023 Relisted $310,000
Relisted
Jul 10, 2023 In contract -
In contract
Jul 6, 2023 Listed by ERA Key Realty Services- Auburn $310,000
Listed by ERA Key Realty Services- Auburn

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • 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: 18
  • 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: 22,235
  • Total Building Area: 1,025
  • Gross Building Area: 2,242
  • Building Area: 1,025
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,025
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000510
  • 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: 726200

Geography

  • Parcel: SPEN M:00U06 B:00155 L:00000
  • Block: 155
  • Municipality: SPENCER
  • Latitude: 42.2456
  • Longitude: -71.9839

    Address

  • Full Address: 78 Cherry St
  • Address - House Number: 78
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C004
  • 4-Digit Zip Code: 2213
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $298,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2065
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 315,673
  • High Value: 380,862
  • Low Value: 250,484

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $261,000
  • Assessed Land Value: $47,700
  • Assessed Improvements Value: $213,300

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Aug 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72058
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 Spencer

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$236

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1699 ft²

Average Home Age

84.4 years

Currently For Sale

8 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: 4 months ago
Data Source: MLS PIN, MLS# 73131780

Frequently Asked Questions

When was property at 78 Cherry Street built and last sold?
The property at 78 Cherry Street was built in 1959 and last sold on Aug 30, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 78 Cherry Street is $308,631.
What are some comparable homes to 78 Cherry Street?
There are currently no comparable homes to 78 Cherry Street.
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