Michael Nugent
RE/MAX Prof Associates
(774) 479-4459
72 Total Sales
2 in Spencer
$314K - $445K Price Range
37 Cherry St Spencer, MA 01562
Spencer Area
13
Beds
5
Baths
5,880
Sq Ft
0.26
Acre Lot
Highlights
- City View
- Wood Flooring
- Jogging Path
- Property is near public transit and schools
- Corner Lot
- Balcony
About This Home
As of July 2025Group showing Thurs 5/29 530 pm Welcome investors to this high-performing five family property consisting of 2 connected buildings that is currently owner occupied, but owners apartment market value at $2200 per month. A rare and lucrative opportunity for savvy investors! Featuring a profitable mix of spacious three bedroom and two bedroom apartments, this income producing gem offers, immediate cash flow from well paying tenants and long-term value. Most units have been extensively updated interiorly, many with fresh flooring, and paint, with many beautiful hardwoods .Tenants enjoy generous layouts, abundant natural light , historical charm and details and off street parking. Exterior was recently renovated and freshly painted, almost all new windows. 3 units have their own wash/ dry hookups for added desirability. Tenants can enjoy the convenience of being within walking distance to the bus, and all the local shopping .Great storage available in the garage. Recent roof!
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,967
Year Built
- Built in 1840
Lot Details
- 11,307 Sq Ft Lot
- Corner Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 5,880 Sq Ft Home
- Insulated Windows
- Insulated Doors
- Living Room
- Dining Room
- City Views
- Basement Fills Entire Space Under The House
- Oven
- Washer and Dryer Hookup
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 13 Bedrooms
- 5 Full Bathrooms
Schools
- Wire Village Elementary School
- Know Trail Middle School
- David Prouty High School
Utilities
- Window Unit Cooling System
- 5 Heating Zones
- Baseboard Heating
- Hot Water Heating System
Additional Features
- Balcony
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $5,800
- Rent includes unit 1(heat), unit 2(heat), unit 3(heat), unit 4(heat)
- Assessor Parcel Number M:00U07 B:00086 L:00000,1692581
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Insurance Expense $5,000
- Water Sewer Expense $3,000
- Operating Expense $21,400
- Net Operating Income $69,800
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
May 19, 2025
Closed on
Jul 25, 2025
Sold by
Bought by
Seller's Agent
Lynda Hafner
ERA Key Realty Services- Spenc
Buyer's Agent
Candor Realty Group
Four Points Real Estate, LLC
List Price
$719,900
Sold Price
$675,000
Premium/Discount to List
-$44,900
-6.24%
Views
21
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$557,114
Interest Rate
6.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
6.95%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Spencer, MA
-
Michael Nugent
-
Maurissa Thibeault
Maurissa Thibeault
Coldwell Banker Realty Leominster MA
(978) 850-6298
122 Total Sales
3 in Spencer
$432K - $530K Price Range
-
Justin Panarelli
Justin Panarelli
Panarelli Properties, Inc.
(774) 300-3076
50 Total Sales
2 in Spencer
$335K - $400K Price Range
-
Gabriel Vieira
Gabriel Vieira
Mega Realty Services
(508) 469-5014
52 Total Sales
1 in Spencer
$300,000 Price
-
Hometown Team
Hometown Team
Real Broker MA, LLC
(978) 709-2942
157 Total Sales
1 in Spencer
$320,000 Price
-
Matthew Santurri
Matthew Santurri
Byrnes Real Estate Group
(774) 551-1694
59 Total Sales
2 in Spencer
$324K - $448K Price Range
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 |
|---|---|---|---|
| $675,000 | -- | ||
| $369,900 | None Available |
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 | $562,500 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $277,500 |
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 |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | Sold | $675,000 | -6.2% | $115 / Sq Ft |
| 05/31/2025 05/31/25 | Pending | -- | -- | -- |
| 05/19/2025 05/19/25 | For Sale | $719,900 | -- | $122 / 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 | $4,967 | $423,100 | $41,600 | $381,500 |
| 2024 | $4,528 | $395,800 | $41,600 | $354,200 |
| 2023 | $4,281 | $355,000 | $41,600 | $313,400 |
| 2022 | $3,635 | $276,200 | $37,800 | $238,400 |
| 2021 | $3,878 | $276,200 | $37,800 | $238,400 |
| 2020 | $4,048 | $286,700 | $37,800 | $248,900 |
| 2019 | $3,152 | $227,400 | $33,200 | $194,200 |
| 2018 | $3,595 | $267,900 | $39,700 | $228,200 |
| 2017 | $3,980 | $284,700 | $37,800 | $246,900 |
| 2016 | $3,735 | $261,400 | $37,800 | $223,600 |
| 2015 | $3,610 | $264,100 | $43,500 | $220,600 |
| 2014 | $3,473 | $264,100 | $43,500 | $220,600 |
Source: Public Records
Agents Affiliated with this Home
-
Lynda Hafner
Seller's Agent in 2025
Lynda Hafner
ERA Key Realty Services- Spenc
(508) 942-7923
78 Total Sales
-
Candor Realty Group
C
Buyer's Agent in 2025
Candor Realty Group
Four Points Real Estate, LLC
(978) 710-5616
363 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73377329
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.
Nearby Homes
Your Personal Tour Guide
Ask me questions while you tour the home.