NOT LISTED FOR SALE

29 Main St Spencer, MA 01562

Estimated Value: $409,000 - $421,000

7 Beds
3 Baths
3,015 Sq Ft
$138/Sq Ft Est. Value

Last Sold October 22, 2024

Last sale price $400,000 $133 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,179/month

2 Days on Market

Highlights

  • Barn or Stable
  • Property is near public transit
  • Home Office
  • Medical Services
  • Corner Lot
  • Jogging Path

About This Home

As of October 2024

First time on the market! This is the perfect place for the 1st time investor looking to build equity. Live in the longtime owners unit(60+ yrs) which is move in ready while getting the other two units ready to rent. The 2 additional units will need work to get them up and rentable again. Another option could be turning 2 units into one and still have the 3rd unit for a mortgage helper. Lot's of possibilities here! Great location on a nice corner lot on Main street! Large 2 story detached barn/garage can fit 3 cars with 2nd story storage. This property is being sold in "as is" condition. New roofs on house and garage in 2019. All units have gas heat and town water & sewer.. **House will not qualify for FHA or VA loans. Walk to shopping, restaurants, Depot walking trail, bus line. Quick access to MA pike(less than 15 minutes). Plenty of green space for your yard too! Great potential with this investment to build for your future!

Last Agent to Sell the Property

Donna Flannery

ERA Key Realty Services- Spenc Listed on: 09/06/2024

ERA Key Realty Services- Spenc

Last Buyer's Agent

The Torres Group

Property Investors & Advisors, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,361

Year Built

  • Built in 1870

Lot Details

  • 0.29 Acre Lot
  • Corner Lot
  • Cleared Lot

Parking

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

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,015 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Home Office
  • Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Bulkhead
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Barn or Stable
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number M:00U12 B:00033 L:00000,1693022

Community Details

Overview

  • 3 Units
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Insurance Expense $2,938
  • Water Sewer Expense $1,320
  • Operating Expense $2,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,361

Year Built

Built in 1870

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1870
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Varies
  • Interior Amenities: Living Room, Dining Room, Kitchen, Office/Den
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry, Bulkhead, Unfinished
  • Living Area: 3015
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: K95310
  • MAIN SO: AN6259

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Other Structures: Barn/Stable
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Lake/Pond, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking Spaces: 3
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, Varies per Unit
  • Heating: Natural Gas
  • Electric: Fuses
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1320

Lot Info

  • Parcel Number: M:00U12 B:00033 L:00000,1693022
  • Zoning: VR
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Cleared
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12545
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3361

Multi Family

  • Insurance Expense: 2938
  • Number Of Units Total: 3
  • Operating Expense: 2900
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2024 10/22/24 Sold $400,000 +6.7% $133 / Sq Ft
09/08/2024 09/08/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $375,000 -6.3% $124 / Sq Ft
09/06/2024 09/06/24 Off Market $400,000 -- --
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 $37 $318,600 $37,900 $280,700
2024 $3,361 $293,800 $37,900 $255,900
2023 $3,202 $265,500 $37,900 $227,600
2022 $3,699 $281,100 $34,500 $246,600
2021 $3,170 $225,800 $34,500 $191,300
2020 $3,015 $213,500 $34,500 $179,000
2019 $2,805 $202,400 $29,600 $172,800
2018 $2,476 $184,500 $36,200 $148,300
2017 $2,554 $182,700 $34,500 $148,200
2016 $2,632 $184,200 $34,500 $149,700
2015 $2,648 $193,700 $39,600 $154,100
2014 $2,547 $193,700 $39,600 $154,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73286308

MLS Property Information Network (MLS PIN)

APN: SPEN-000012U-000033