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Worcester 01562
97 North Spencer Road
$224,000
● House - Off Market

97 North Spencer Road

Spencer, MA 01562
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,798 Ft²
$428,155
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

Want to build some sweat equity? Have hobbies or horses or snow mobiles? Executive ranch on beautiful 5.5+/- acres and 2 story barn. Needs lots of TLC but could easily be a treasure once again. Near snowmobile trails, parks, riding trails and over 2500 acres of protected land. An owner/occupier will qualify for $6000 in MA tax rebates for new septic.This house has good bones, but needs a lot of attention- will not qualify for FHA or VA but is very livable now. Price reflects work needed.
Unit Size
1,798 Ft²
Days on Market
-
Land Size
5.50 acres
Price per sqft
$122
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1965

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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: 6 months ago (MLSPIN #71549766)

Price History

Date / Event Date Event Price
Sep 26, 2013 Sold
Premium
Sold
Jul 1, 2013 Listed by Louise M. Erskine Real Estate $219,900
Listed by Louise M. Erskine Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 261,247
  • Total Building Area: 1,798
  • Gross Building Area: 4,412
  • Building Area: 1,798
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,798
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005997
  • 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:00001 L:00000
  • Block: 1
  • Municipality: SPENCER
  • Latitude: 42.2763
  • Longitude: -72.0068

    Address

  • Full Address: 97 N Spencer Rd
  • Address - House Number: 97
  • Street Direction: N
  • Address - Street Name: Spencer
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Spencer
  • Carrier Code: R003
  • 4-Digit Zip Code: 1400
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $465,000

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 471,608
  • High Value: 554,960
  • Low Value: 388,256

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $406,500
  • Assessed Land Value: $66,200
  • Assessed Improvements Value: $340,300

    Sales

  • Current Sale Recording Date: Sep 26, 2013
  • Current Sale Price:
    Premium
  • Current 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:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2380 ft²

Average Home Age

65.8 years

Currently For Sale

1949 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: 6 months ago
Data Source: MLS PIN, MLS# 71549766

Frequently Asked Questions

When was property at 97 North Spencer Road built and last sold?
The property at 97 North Spencer Road was built in 1965 and last sold on Jan 1, 1970 for $224,000.
How much is this home worth?
The estimated value of the home located at 97 North Spencer Road is $234,922.
What are some comparable homes to 97 North Spencer Road?
There are currently no comparable homes to 97 North Spencer Road.
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