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Spencer 01562
99 Cherry St
$325,000
● House - Off Market

99 Cherry St

Spencer, MA 01562
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,320 Ft²
$300,503
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Offer deadline Tuesday May 2nd at 5pm This three bedroom, 1.5 bath ranch is situated close to town center. The main living area features a family room with hardwoods and bay window to allow lots of light through, breezeway and enclosed proch is located off the eat in kitchen area. The main bedroom offers hardwoods and half bath attached. The walkout basement is partially finished and leads to a lovely back yard and deck. This home has lots of potential and very easy to show.
Unit Size
1,320 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$227
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73104441)

Price History

Date / Event Date Event Price
Jun 7, 2023 Sold
Premium
Sold
May 5, 2023 In contract -
In contract
Apr 27, 2023 Listed by Keller Williams Realty Greater Worcester $300,000
Listed by Keller Williams Realty Greater Worcester
Aug 27, 2015 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 15,408
  • Total Building Area: 1,320
  • Gross Building Area: 3,015
  • Building Area: 1,320
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,320
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000354
  • 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:00074 L:00000
  • Block: 74
  • Municipality: SPENCER
  • Latitude: 42.2468
  • Longitude: -71.9805

    Address

  • Full Address: 99 Cherry St
  • Address - House Number: 99
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Spencer
  • Carrier Code: C004
  • 4-Digit Zip Code: 2214
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $346,700

    Appraisal Valuation

  • Standard Deviation: 0.2047
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 72
  • Final Value: 362,059
  • High Value: 436,202
  • Low Value: 287,917

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $303,100
  • Assessed Land Value: $43,500
  • Assessed Improvements Value: $259,600

    Sales

  • Current Sale Contract Date: Jun 07, 2023
  • Current Sale Recording Date: Jun 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44147
  • Previous Sale Recording Date: Aug 27, 2015
  • Previous Sale Amount: $145,000
  • 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 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# 73104441

Frequently Asked Questions

When was property at 99 Cherry Street built and last sold?
The property at 99 Cherry Street was built in 1962 and last sold on Jun 7, 2023 for $325,000.
How much is this home worth?
The estimated value of the home located at 99 Cherry Street is $305,514.
What are some comparable homes to 99 Cherry Street?
There are currently no comparable homes to 99 Cherry Street.
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