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Worcester 01562
89 Hastings Rd
$465,000
● House - Off Market

89 Hastings Rd

Spencer, MA 01562
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,606 Ft²
$655,091
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

2 story, bright, open contemporary cape with a flexible floor plan located on a beautiful level lot. 3-4 large bedrooms, 2 on first floor that can be a master suite with a adjoining bath with a Jacuzzi tub and private den or nursery/guest room and 2 more bedrooms on the second floor with balcony overlooking living area. Large eat in kitchen open to a formal dining room with a fireplace that can be enjoyed from both dining and living room.(double sided gas fireplace) and access to a covered porch off the kitchen. Hardwood and tile flooring throughout and many built-ins First floor laundry and lots of storage. Large utility shed, backup generator and a 2 car attached garage.200 Amp service, built-ins,  skylights, security system, and central vacuum. Large walk in pantry. Hydro heat and central AC
Unit Size
3,606 Ft²
Days on Market
-
Land Size
4.03 acres
Price per sqft
$136
Property Type
House
Property Taxes
$571
HOA Dues
-
Year Built
2000

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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: 5 months ago (MLSPIN #72678015)

Price History

Date / Event Date Event Price
Oct 29, 2020 Sold
Premium
Sold
Jun 22, 2020 Listed by Michael Toomey & Associates, Inc. $489,900
Listed by Michael Toomey & Associates, Inc.
Mar 8, 1999 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 175,434
  • Total Building Area: 3,924
  • Gross Building Area: 8,002
  • Building Area: 3,924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,924
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004027
  • 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:00R48 B:00017 L:00002
  • Block: 17
  • Lot: 2
  • Municipality: SPENCER
  • Latitude: 42.2776
  • Longitude: -71.9955

    Address

  • Full Address: 89 Hastings Rd
  • Address - House Number: 89
  • Address - Street Name: Hastings
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R003
  • 4-Digit Zip Code: 1415
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $759,200

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 659,535
  • High Value: 766,244
  • Low Value: 552,825

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $663,600
  • Assessed Land Value: $65,700
  • Assessed Improvements Value: $597,900

    Sales

  • Current Sale Contract Date: Oct 28, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 130452
  • Previous Sale Recording Date: Mar 08, 1999
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2400 ft²

Average Home Age

64.3 years

Currently For Sale

2080 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72678015

Frequently Asked Questions

When was property at 89 Hastings Road built and last sold?
The property at 89 Hastings Road was built in 2000 and last sold on Oct 28, 2020 for $465,000.
How much is this home worth?
The estimated value of the home located at 89 Hastings Road is $516,500.
What are some comparable homes to 89 Hastings Road?
There are currently no comparable homes to 89 Hastings Road.
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