NOT LISTED FOR SALE

11 Pearl St Spencer, MA 01562

Estimated Value: $393,827 - $482,000

5 Beds
2 Baths
2,141 Sq Ft
$204/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $399,900 $187 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,380/month

4 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Heating Available
  • Porch

About This Home

As of January 2024

Here is the two unit property you have been waiting for. Entire building was extensively renovated about 10 years ago and is in very good overall condition. The first floor unit provides spacious living area, two bedrooms and a laundry room. The second floor has two levels and is set up with three bedrooms and lovely open concept living space. The exterior provides plenty of off street parking and a private back yard. There is an abundance of storage space available in the basement and storage shed. Roof, siding, windows and utility systems have all been updated. Great opportunity for an owner occupant or an investor looking for a hassle free investment.

Last Agent to Sell the Property

The Riel Estate Team

Keller Williams Pinnacle Central Listed on: 11/10/2023

Keller Williams Pinnacle Central

Co-Listed By

Nathan Riel

Keller Williams Pinnacle Central

Last Buyer's Agent

Phillip Olivo

P & H Property Consulting, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,928

Year Built

  • Built in 1900

Lot Details

  • 9,745

Home Design

  • Block Foundation
  • Stone Foundation
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 2,141 Sq Ft Home
  • Property has 1 Level
  • Block Basement Construction
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 10 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Porch

Additional Features

  • 9,745 Sq Ft Lot
  • Heating Available

Community Details

  • 2 Units
  • Net Operating Income $13,200

Listing and Financial Details

  • Total Actual Rent $1,100
  • Rent includes unit 1(water)
  • Assessor Parcel Number M:00U08 B:00030 L:00000,1692809

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,928

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency: 2.0
  • Transaction Broker: 2.0
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Carpet,Laminate,Hardwood
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen,Mudroom), Unit 2 Rooms(Living Room,Kitchen,Office/Den)
  • Fireplace YN: No
  • Appliances: Unit 2(Range,Refrigerator)
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Unit 1 Laundry Room
  • Basement: Bulkhead, Concrete
  • Living Area: 2141
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN8160
  • LIST PRICE PER Sq Ft: 186.78
  • PRICE PER Sq Ft: 186.78
  • MAIN SO: AN5057

Exterior Features

  • Exterior Features: Porch,Storage Shed
  • Foundation Details: Block, Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Roof: Shingle, Metal
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Gas,Electric), Unit 2(Gas,Electric)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Electric

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:00U08 B:00030 L:00000,1692809
  • Zoning: RES
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9745
  • Lot Size Units: Acres
  • PAGE: 181
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2928
  • Tax Book Number: 54545

Multi Family

  • Gross Income: 13200
  • Net Operating Income: 13200
  • Number Of Units Total: 2
  • Total Actual Rent: 1100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2013
Closed on
Feb 5, 2013
Sold by
Gardner Michael and Newbury Place Reo 3 Ll
Bought by
Newbury Place Reo 3 Ll
Seller's Agent
Ann Marie Belair
Sterling Realty Belair, INC
Buyer's Agent
Judy Solomon
Park Place Realty Enterprises
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%
Current Estimated Value
$436,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,207
Avg. Annual Appreciation
16.96%
Original Mortgage
$75,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2005
Sold by
Gardner Scott W
Bought by
Gardner Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1999
Sold by
Jaquith Richard P and Jaquith Elaine J
Bought by
Gardner Scott W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,140
Interest Rate
7.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Newbury Place Reo 3 Ll $59,000 --
Gardner Michael $180,000 --
Gardner Scott W $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muniz John $392,656
Closed Maisonet Samuel $150,025
Closed Maisonet Samuel $154,156
Closed Lynch Thomas $75,000
Previous Owner Gardner Michael $176,800
Previous Owner Gardner Michael $144,000
Previous Owner Gardner Michael $115,000
Previous Owner Gardner Scott W $27,700
Previous Owner Jaquith Richard $80,000
Previous Owner Jaquith Richard $68,000
Previous Owner Jaquith Richard $60,140
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2024 01/08/24 Sold $399,900 0.0% $187 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
11/10/2023 11/10/23 For Sale $399,900 +154.7% $187 / Sq Ft
11/06/2015 11/06/15 Sold $157,000 -11.0% $80 / Sq Ft
09/24/2015 09/24/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $176,500 +194.2% $90 / Sq Ft
03/15/2013 03/15/13 Sold $60,000 -14.2% $49 / Sq Ft
02/13/2013 02/13/13 Pending -- -- --
01/17/2013 01/17/13 For Sale $69,900 -- $58 / 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 $39 $335,800 $28,600 $307,200
2024 $3,084 $269,600 $28,600 $241,000
2023 $2,928 $242,800 $28,600 $214,200
2022 $2,943 $223,600 $26,000 $197,600
2021 $2,543 $181,100 $26,000 $155,100
2020 $2,415 $171,000 $26,000 $145,000
2019 $2,265 $163,400 $23,400 $140,000
2018 $2,026 $151,000 $31,200 $119,800
2017 $2,090 $149,500 $29,700 $119,800
2016 $2,066 $144,600 $29,700 $114,900
2015 $1,999 $146,200 $34,300 $111,900
2014 $1,923 $146,200 $34,300 $111,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73179499

MLS Property Information Network (MLS PIN)

APN: SPEN-000008U-000030