NOT LISTED FOR SALE

24 Mechanic St Spencer, MA 01562

Estimated Value: $330,701

6 Beds
8 Baths
6,282 Sq Ft
$53/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $195,800 $31 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,801/month

163 Days on Market

About This Home

As of December 2017

Mixed-use building with storefronts and off-street parking. 6 residential units (all rented) with 2 store-front units currently being used as warehouse, but can quickly and easily be converted back to storefronts with large street facing windows. 2 tenants have short terms remaining on leases, remainder are all tenants at will. $25,000 worth of updates over the last few years include new boiler, shingles, deck & external stairway/egresses. ***NOTE*** THIS WILL REQUIRE CASH OR COMMERCIAL LOAN due to number of units.

Last Agent to Sell the Property

Joseph Smith

ERA Key Realty Services- Spenc License #453009404 Listed on: 01/18/2017

Last Buyer's Agent

Salman Kazmi

SHK Residential

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29

Year Built

1870

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1870

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 15
  • Amenities: Public Transportation, Shopping, Laundromat
  • Basement: Full, Interior Access, Crawl
  • Full Bathrooms: 8
  • Total Levels: 2
  • Main Lo: K95310
  • Main So: AN0792
  • Estimated Sq Ft: 6282.00

Exterior Features

  • Foundation: Slab

Garage/Parking

  • Parking: Off-Street, Common
  • Parking Spaces: 5

Utilities

  • Hot Water: Natural Gas, Oil
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 8

Lot Info

  • Assessor Parcel Number: M:00U07 B:00034 L:00000
  • Zoning: Mixed
  • Acre: 0.19
  • Lot Size: 8167.00

Multi Family

  • APOD Available: Yes
  • Cooling Common: None
  • Expenses Year End: 12/16
  • Heating Common: Electric Baseboard, Gas
  • Total Bedrooms: 6
  • Total Floors: 2
  • Total Full Baths: 8
  • Total Levels: 4
  • Total Rms: 20
  • Total Rent_1: 5000
  • Multi Family Type: 5-9 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2017
Closed on
Dec 8, 2017
Sold by
Nye Brendan P and Dillon-Nye Catherine
Bought by
Bas Spencer Llc
Seller's Agent
Joseph Smith
ERA Key Realty Services- Spenc
Buyer's Agent
Salman Kazmi
SHK Residential
List Price
$195,900
Sold Price
$195,800
Premium/Discount to List
-$100
-0.05%
Current Estimated Value
$330,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,901
Avg. Annual Appreciation
6.52%
Original Mortgage
$156,640
Outstanding Balance
$133,409
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$185,590

Purchase Details

Closed on
Dec 28, 2006
Sold by
Nye Rt and Nye Margaret A
Bought by
Nye Brendan P

Purchase Details

Closed on
Aug 3, 2004
Sold by
Nye Margaret A and Nye Nathan
Bought by
Nye Margaret A and Nye Nathan

Purchase Details

Closed on
Aug 1, 1985
Bought by
Nye Brendan P
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
Bas Spencer Llc $195,800 --
Nye Brendan P -- --
Nye Margaret A -- --
Nye Brendan P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bas Spencer Llc $156,640
Previous Owner Nye Brendan P $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2017 12/08/17 Sold $195,800 -0.1% $31 / Sq Ft
06/30/2017 06/30/17 Pending -- -- --
06/20/2017 06/20/17 For Sale $195,900 0.0% $31 / Sq Ft
05/20/2017 05/20/17 Pending -- -- --
04/07/2017 04/07/17 Price Changed $195,900 -2.0% $31 / Sq Ft
01/18/2017 01/18/17 For Sale $199,900 -- $32 / 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 $29 $244,000 $37,700 $206,300
2024 $2,614 $228,500 $37,700 $190,800
2023 $2,507 $207,900 $37,700 $170,200
2022 $2,556 $194,200 $34,300 $159,900
2021 $2,727 $194,200 $34,300 $159,900
2020 $2,777 $196,700 $34,300 $162,400
2019 $2,602 $187,700 $34,300 $153,400
2018 $2,758 $205,500 $34,300 $171,200
2017 $2,873 $205,500 $34,300 $171,200
2016 $2,664 $186,400 $34,300 $152,100
2015 $2,548 $186,400 $34,300 $152,100
2014 $2,451 $186,400 $34,300 $152,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joseph Smith

    ERA Key Realty Services- Spenc

    Section Image

  • S

    Buyer's Agent in 2017

    Salman Kazmi

    SHK Residential

    (617) 999-8128

    8 Total Sales

    Salman Kazmi
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72112454

MLS Property Information Network (MLS PIN)

APN: SPEN-000007U-000034

Massachusetts Worcester County Spencer 01562

24 Mechanic St, Spencer, MA

This home is located at 24 Mechanic St, Spencer, MA 01562 since 18 January 2017 and is currently estimated at $330,701, approximately $52 per square foot. This property was built in 1870. 24 Mechanic St is a home located in Worcester County with nearby schools including David Prouty High School.

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MLS Property Information Network (MLS PIN) 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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