NOT LISTED FOR SALE

103 Mechanic St Spencer, MA 01562

Spencer Area

Estimated Value: $318,000 - $358,000

2 Beds
2 Baths
1,750 Sq Ft
$192/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2025

Last sale price $300,000 $171 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,831 / mo

5 Days on Market

Highlights

  • Property is near public transit and schools
  • 1 Car Garage
  • Level Lot
  • Shops

About This Home

As of January 2025

What a fantastic opportunity to purchase a multi-family. Bring some elbow grease and make this home into a beautiful owner occupied home or lifetime investment. One vacant unit downstairs. This home has great bones, two 2 bedroom units, beautiful rounded porch, 1 car garage with loft, large yard, work area in basement and more. Close to shopping, restaurant's and schools. OPEN HOUSE CANCELLED

Last Agent to Sell the Property

Shannon Madigan

S. Madigan & Co., LLC Listed on: 11/22/2024

Last Buyer's Agent

Joann Impallaria

RE/MAX Prof Associates

RE/MAX Prof Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,735

Year Built

  • Built in 1862

Lot Details

  • 9,636 Sq Ft Lot
  • Level Lot
  • Cleared Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation

Interior Spaces

  • 1,750 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Interior Basement Entry

Additional Features

  • Property is near public transit and schools
  • 100 Amp Service

Community Details

  • 2 Units
  • Shops
  • Net Operating Income $7,200

Listing and Financial Details

  • Total Actual Rent $600
  • Assessor Parcel Number M:00U02 B:00011 L:00000,1692063

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,735

Year Built

Built in 1862

Lot Details

9,636 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1862
  • Year Built Details: Actual
  • Compensation Based On: Compensation Offered but Not in MLS
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Partial, Partially Finished, Walk-Out Access, Interior Entry, Concrete, Unfinished
  • Living Area: 1750
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN6770
  • MAIN SO: K01527

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: 100 Amp Service
  • Water Source: Public
  • Hot Water: Oil

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, House of Worship, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:00U02 B:00011 L:00000,1692063
  • Zoning: VR
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9636
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2735

Multi Family

  • Net Operating Income: 7200
  • Number Of Units Total: 2
  • Total Actual Rent: 600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2024
Closed on
Jan 9, 2025
Sold by
Bought by
Seller's Agent
Shannon Madigan
S. Madigan & Co., LLC
Buyer's Agent
Joann Impallaria
RE/MAX Prof Associates
List Price
$265,000
Sold Price
$300,000
Premium/Discount to List
$35,000
13.21%
Views
70
Current Estimated Value
$335,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,565
Avg. Annual Appreciation
7.75%
Original Mortgage
$285,000
Interest Rate
0.0681%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 1966
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$300,000 None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $285,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/09/2025 01/09/25 Sold $300,000 +13.2% $171 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/22/2024 11/22/24 For Sale $265,000 -- $151 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30 $258,400 $40,800 $217,600
2024 $2,735 $239,100 $40,800 $198,300
2023 $2,617 $217,000 $40,800 $176,200
2022 $2,628 $199,700 $37,100 $162,600
2021 $2,286 $162,800 $37,100 $125,700
2020 $2,184 $154,700 $37,100 $117,600
2019 $2,036 $146,900 $33,400 $113,500
2018 $1,919 $143,000 $38,900 $104,100
2017 $1,974 $141,200 $37,100 $104,100
2016 $1,886 $132,000 $37,100 $94,900
2015 $1,904 $139,300 $42,900 $96,400
2014 $1,832 $139,300 $42,900 $96,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73315092

MLS Property Information Network (MLS PIN)

APN: SPEN-000002U-000011

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