A
Seller's Agent in 2021
Al DeSouza
First Option Properties Inc.
(978) 821-5604
37 Total Sales
13 Maple St Spencer, MA 01562
Spencer Area
9
Beds
5
Baths
4,500
Sq Ft
6,534
Sq Ft Lot
About This Home
As of August 2021This house provides a great return on your investment. This house features two- 2 bedrooms units - two - 1 bedroom units and first floor with 3 bedrooms unit. The current owner has upgraded 3 heating units (2019), 4 hot water tanks (2018). The house is perfect as an investment with a 7.3% CAP rate and 11 % cash on cash return. Parking off the street for 6 cars.
Last Buyer's Agent
George Nanis
Property Investors & Advisors, LLC
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,201
Year Built
- Built in 1880
Lot Details
- 6,534 Sq Ft Lot
Home Design
- 4,500 Sq Ft Home
- Stone Foundation
- Frame Construction
- Shingle Roof
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Full Bathrooms
Basement
- Partial Basement
- Interior Basement Entry
- Crawl Space
Parking
- 6 Car Parking Spaces
- Off-Street Parking
Utilities
- 5 Heating Zones
- Heating Available
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $4,923
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
Community Details
Overview
- 5 Units
- Property has 1 Level
Building Details
- Electric Expense $200
- Insurance Expense $3,573
- Water Sewer Expense $5,463
- Operating Expense $18,226
- Net Operating Income $40,850
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
Apr 16, 2021
Closed on
Aug 19, 2021
Sold by
Bought by
Seller's Agent
Al DeSouza
First Option Properties Inc.
Buyer's Agent
George Nanis
Property Investors & Advisors, LLC
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
0.029%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Aug 30, 2017
Closed on
Aug 27, 2018
Sold by
Bought by
Seller's Agent
Keith Audette
ERA Key Realty Services- Spenc
Buyer's Agent
Al DeSouza
First Option Properties Inc.
List Price
$270,000
Sold Price
$221,000
Premium/Discount to List
-$49,000
-18.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.95%
Original Mortgage
$165,750
Interest Rate
0.045%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 11, 1994
Sold by
Bought by
Purchase Details
Closed on
Jul 28, 1987
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $450,000 | None Available | ||
| $221,000 | -- | ||
| $5,179 | -- | ||
| $145,000 | -- |
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 | $337,500 | ||
| Closed | $224,000 | ||
| Closed | $165,750 | ||
| Previous Owner | $100,000 | ||
| Closed | $185,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 08/19/2021 08/19/21 | Sold | $450,000 | -5.3% | $100 / Sq Ft | |
| 06/11/2021 06/11/21 | Pending | -- | -- | -- | |
| 04/16/2021 04/16/21 | For Sale | $475,000 | +114.9% | $106 / Sq Ft | |
| 08/27/2018 08/27/18 | Sold | $221,000 | -15.0% | $74 / Sq Ft | View Prior Sale |
| 06/18/2018 06/18/18 | Pending | -- | -- | -- | |
| 04/09/2018 04/09/18 | Price Changed | $260,000 | -3.7% | $87 / Sq Ft | |
| 03/01/2018 03/01/18 | For Sale | $270,000 | +22.2% | $90 / Sq Ft | |
| 02/28/2018 02/28/18 | Off Market | $221,000 | -- | -- | |
| 01/13/2018 01/13/18 | Price Changed | $270,000 | -3.6% | $90 / Sq Ft | |
| 09/27/2017 09/27/17 | Price Changed | $280,000 | -5.1% | $93 / Sq Ft | |
| 08/30/2017 08/30/17 | For Sale | $295,000 | -- | $98 / 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 | $58 | $496,200 | $35,300 | $460,900 |
| 2024 | $5,300 | $463,300 | $35,300 | $428,000 |
| 2023 | $4,992 | $413,900 | $35,300 | $378,600 |
| 2022 | $3,379 | $256,800 | $32,100 | $224,700 |
| 2021 | $3,201 | $228,000 | $32,100 | $195,900 |
| 2020 | $3,219 | $228,000 | $32,100 | $195,900 |
| 2019 | $2,435 | $175,700 | $29,000 | $146,700 |
| 2018 | $2,398 | $178,700 | $33,700 | $145,000 |
| 2017 | $2,166 | $154,900 | $32,100 | $122,800 |
| 2016 | $2,269 | $158,800 | $32,100 | $126,700 |
| 2015 | $2,221 | $162,500 | $37,500 | $125,000 |
| 2014 | $2,137 | $162,500 | $37,500 | $125,000 |
Source: Public Records
Agents Affiliated with this Home
-
Al DeSouza
-
G
Buyer's Agent in 2021
George Nanis
Property Investors & Advisors, LLC
-
K
Seller's Agent in 2018
Keith Audette
ERA Key Realty Services- Spenc
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72815988
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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