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Spencer 01562
96 Mechanic St
$235,000
● House - Off Market

96 Mechanic St

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,355 Ft²
$1,386
Est. Monthly

About This Property

This charming three-bedroom colonial, conveniently located near Spencer's town center, offers easy access to local restaurants, grocery stores, and various amenities. The backyard features a spacious porch, fire pit, and partially fenced-in area providing an ideal spot for hosting gatherings. The storage shed in the back is perfect for all of your lawn maintenance equipment. The home will need interior renovations to unlock its full potential. The property is being SOLD AS IS.
Unit Size
1,355 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$176
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1887

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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 #73168205)

Price History

Date / Event Date Event Price
Feb 28, 2024 Sold
Premium
Sold
Jan 5, 2024 In contract -
In contract
Dec 26, 2023 Relisted $190,500
Relisted
Oct 10, 2023 Withdrawn -
Withdrawn
Oct 9, 2023 Listed by ERA Key Realty Services- Spenc $239,000
Listed by ERA Key Realty Services- Spenc
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1887
  • Effective Year Built: 1887
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 16,671
  • Total Building Area: 1,355
  • Gross Building Area: 2,804
  • Building Area: 1,355
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,355
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000383
  • 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:00U02 B:00105 L:00000
  • Block: 105
  • Municipality: SPENCER
  • Latitude: 42.2384
  • Longitude: -71.9926

    Address

  • Full Address: 96 Mechanic St
  • Address - House Number: 96
  • Address - Street Name: Mechanic
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C007
  • 4-Digit Zip Code: 2550
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $266,200

    Appraisal Valuation

  • Standard Deviation: 0.0853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 246,167
  • High Value: 267,178
  • Low Value: 225,156

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $232,700
  • Assessed Land Value: $44,300
  • Assessed Improvements Value: $188,400

    Sales

  • Current Sale Contract Date: Feb 28, 2024
  • Current Sale Recording Date: Feb 28, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14537
  • Previous Sale Recording Date: Dec 22, 2006
  • Previous Sale Amount: $190,500
  • 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 Spencer

Stats & Trends

Median Asking:

$395,000

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2806 ft²

Average Home Age

107.8 years

Currently For Sale

9 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: 5 months ago
Data Source: MLS PIN, MLS# 73168205

Frequently Asked Questions

When was property at 96 Mechanic Street built and last sold?
The property at 96 Mechanic Street was built in 1887 and last sold on Feb 28, 2024 for $235,000.
How much is this home worth?
The estimated value of the home located at 96 Mechanic Street is $242,419.
What are some comparable homes to 96 Mechanic Street?
There are currently no comparable homes to 96 Mechanic Street.
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