NOT LISTED FOR SALE

1 High St Spencer, MA 01562

Estimated Value: $564,000 - $615,000

10 Beds
5 Baths
5,638 Sq Ft
$104/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $336,000 $60 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,212/month

3 Days on Market

About This Home

As of July 2019

First time on the market! Great investor opportunity! 5 rental units included with 2 multi family homes on one lot on the corner of High & Main street. Super downtown location! Walk to shopping, bus line,library, restaurants,park. Each unit varies but most are filled with beautiful original woodwork, hardwood floors,built ins...Generous sized rooms, off street parking & each unit has washer/dryer hookups. Tenants pay own utilities except for water/sewer. 4 units are currently rented and 1 first floor unit is ready for owner occupancy if that's what your looking for! Potential for business(office,hairdressing,lawyer, etc) with special permit. It has the right footprint for any of these. The spacious apartments are nicer than most I've seen! Updated roofs,electrical, more..Plenty of off street parking. Build for your future here!

Last Agent to Sell the Property

Donna Flannery

ERA Key Realty Services- Spenc Listed on: 05/22/2019

ERA Key Realty Services- Spenc

Last Buyer's Agent

Alicia Hashey

ERA Key Realty Services- Spenc

ERA Key Realty Services- Spenc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $69

Year Built

  • Built in 1860

Lot Details

  • 0.41

Utilities

  • Water Holding Tank
  • Electric Water Heater

Additional Features

  • Enclosed Patio or Porch
  • Year Round Access
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:00U13 B:00055 L:00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$69

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.50
  • Insc: 4800
  • Year Built Description: Approximate, Unknown/Mixed
  • List Price Per Sq Ft: 59.40
  • Comp Based On: Net Sale Price
  • Year Built: 1860
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1860

Interior Features

  • Flooring: Varies Per Unit
  • Total Flrs: 7
  • No Bedrooms: 10
  • Total Brs: 10
  • Full Bathrooms: 5
  • Total Fbh: 5
  • No Rooms: 23
  • Basement: Y
  • Basement Features: Full, Interior Access
  • Main Lo: K95310
  • Main So: K95310
  • Estimated Sq Ft: 5638.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch - Enclosed
  • Foundation: Fieldstone
  • Foundation Size: Irregular

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 10

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 260
  • Electric Features: Circuit Breakers
  • Hot Water: Electric, Tank
  • Utility Connections: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School

Lot Info

  • Assessments: 252200.00
  • Acre: 0.41
  • Lot Size: 17684.00
  • Page: 256
  • Parcel Number: M:00U13 B:00055 L:00000
  • Zoning: VR
  • Lot Description: Corner, Paved Drive, Cleared

Multi Family

  • Heat Units: 5
  • Total Levels: 6
  • Total Rent: 3600
  • Total Rms: 24
  • No Units: 5
  • Mf Type: 5+ Family - 5+ Units Up/Down

Tax Info

  • Taxes: 3495.00
  • Assessor Parcel Number: 1693112

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2019
Closed on
Jun 25, 2019
Sold by
1 High Street Llc
Bought by
1 High Llc
Seller's Agent
Donna Flannery
ERA Key Realty Services- Spenc
Buyer's Agent
Alicia Hashey
ERA Key Realty Services- Spenc
List Price
$334,900
Sold Price
$336,000
Premium/Discount to List
$1,100
0.33%
Current Estimated Value
$588,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,468
Avg. Annual Appreciation
9.75%
Original Mortgage
$268,800
Outstanding Balance
$238,361
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$355,890

Purchase Details

Closed on
Feb 19, 2014
Sold by
Cook Gary A and Cook Suzanne M
Bought by
1 High Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2010
Sold by
Reardon Katherine A
Bought by
Reardon T

Purchase Details

Closed on
Dec 23, 1980
Bought by
1 High St Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1 High Llc $336,000 --
1 High Street Llc -- --
Reardon T -- --
1 High St Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1 High Llc $268,800
Previous Owner 1 High Street Llc $157,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $336,000 +0.3% $60 / Sq Ft
05/25/2019 05/25/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $334,900 -- $59 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $69 $584,900 $40,500 $544,400
2024 $6,051 $528,900 $40,500 $488,400
2023 $5,515 $457,300 $40,500 $416,800
2022 $4,660 $354,100 $36,900 $317,200
2021 $4,647 $331,000 $36,900 $294,100
2020 $5,326 $377,200 $36,900 $340,300
2019 $3,495 $252,200 $32,000 $220,200
2018 $3,991 $297,400 $38,700 $258,700
2017 $3,594 $257,100 $36,900 $220,200
2016 $3,625 $253,700 $41,000 $212,700
2015 $3,500 $256,000 $46,100 $209,900
2014 $3,366 $256,000 $46,100 $209,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72504528

MLS Property Information Network (MLS PIN)

APN: SPEN-000013U-000055