NOT LISTED FOR SALE

27 Elm St Spencer, MA 01562

Estimated Value: $310,844 - $378,000

5 Beds
2 Baths
1,710 Sq Ft
$199/Sq Ft Est. Value

Last Sold February 02, 2022

Last sale price $250,000 $146 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,853/month

13 Days on Market

About This Home

As of February 2022

Investor Special! This income generating, two-family home is located in the heart of downtown Spencer. The first floor features a three bedroom unit with an eat in kitchen, full bath, and main level laundry. The second floor has two bedrooms, a full bath, and eat in kitchen as well. The exterior features a cozy yard, off street parking with a two car garage, and additional storage. This home boasts recent upgrades to include a brand new front porch and two updated electrical panels. Home is being sold “as is” and will not qualify for all types of financing.

Last Agent to Sell the Property

Kam Goldstone

RE/MAX Vantage Listed on: 12/01/2021

RE/MAX Vantage

Last Buyer's Agent

Kam Goldstone

RE/MAX Vantage Listed on: 12/01/2021

RE/MAX Vantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30

Year Built

  • 1910

Lot Details

  • 3,920

Parking

  • 2

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30

Year Built

1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Use GPS
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1910

Interior Features

  • Appliances: Oil Water Heater
  • Has Basement: Full, Unfinished
  • Total Bathrooms: 2
  • MAIN LO: BB4624
  • LIST PRICE PER Sq Ft: 152.05
  • PRICE PER Sq Ft: 146.2
  • MAIN SO: BB4624
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Carpet,Laminate,Pine
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters
  • Foundation Details: Brick/Mortar
  • Disclosures: Will Not Qualify For Fha Financing. Home Is Being Sold "as Is"
  • Patio And Porch Features: Porch, Screened
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 3

Utilities

  • Heating: Unit 1(Steam,Oil), Unit 2(Steam,Oil)
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Highway Access, Public School

Lot Info

  • LOT SIZE: 3712
  • PAGE: 357
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3920.399999
  • Zoning: TC

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 10620
  • Property Net Operating Income: 10620
  • Number Of Units Total: 2
  • Total Actual Rent: 885

Tax Info

  • Tax Annual Amount: 2058
  • Tax Book Number: 63665
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Feb 2, 2022
Sold by
C2s Development Llc
Bought by
Velasquez Tyler
Seller's Agent
Kam Goldstone
RE/MAX Vantage
Buyer's Agent
Kam Goldstone
RE/MAX Vantage
List Price
$269,999
Sold Price
$250,000
Premium/Discount to List
-$19,999
-7.41%
Current Estimated Value
$339,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,461
Avg. Annual Appreciation
7.39%
Original Mortgage
$226,600
Outstanding Balance
$212,177
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$110,025

Purchase Details

Closed on
Oct 28, 2020
Sold by
Vanasse Douglas W
Bought by
C2s Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2006
Sold by
Latour Kathleen L and Latour Wayne P
Bought by
Vanasse Douglas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,200
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 1997
Sold by
Est Brooks Elmer L and Brooks Burnham E
Bought by
Latour Wayne P and Latour Kathleen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,700
Interest Rate
7.41%
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
Velasquez Tyler $250,000 None Available
C2s Development Llc $127,500 None Available
Vanasse Douglas W $174,000 --
Latour Wayne P $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velasquez Tyler $226,600
Previous Owner C2s Development Llc $130,000
Previous Owner Vanasse Douglas W $139,200
Previous Owner Vanasse Douglas W $34,800
Previous Owner Latour Kathleenl $75,000
Previous Owner Latour Wayne P $57,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2022 02/02/22 Sold $250,000 -7.4% $146 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $269,999 -- $158 / 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 $30 $253,800 $24,900 $228,900
2024 $2,672 $233,600 $24,900 $208,700
2023 $2,422 $200,800 $24,900 $175,900
2022 $2,404 $182,700 $22,600 $160,100
2021 $2,058 $146,600 $22,600 $124,000
2020 $1,957 $138,600 $22,600 $116,000
2019 $1,835 $132,400 $20,400 $112,000
2018 $1,584 $118,000 $27,200 $90,800
2017 $1,631 $116,700 $25,900 $90,800
2016 $1,439 $100,700 $25,900 $74,800
2015 $1,479 $108,200 $32,300 $75,900
2014 $1,423 $108,200 $32,300 $75,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72923920

MLS Property Information Network (MLS PIN)

APN: SPEN-000007U-000009