$300,000
SOLD SEP 27, 2021

5 Paula Bay Spencer, MA 01562

4 Beds
2 Baths
1,920 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$156 Per Sq Ft

15% Above List Price

5 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Property is near public transit
  • Community Stables
  • Deck
  • Tennis Courts

About This Home

As of May 2024

Meticulously maintained 2-Family property located on a cul-de sac. Property has been updated with a newer roof, windows, siding, doors, carpet, and hot water heater. Bathroom completely remodeled in one of the units. The property is situated on a large flat lot. Both units have their own private outdoor entertaining area. Close proximity to highway access. Schedule your showing today and close before the holidays!!! HIGHEST AND BEST OFFER DUE SUNDAY 8/15/21 at 6:00pm

Last Agent to Sell the Property

Brittany O'Rourke

The O'Rourke Group Real Estate Professionals License #453013973 Listed on: 08/10/2021

Last Buyer's Agent

Stephanie Jordan

Results Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,856

Year Built

  • Built in 1974

Lot Details

  • 10,019 Sq Ft Lot
  • Near Conservation Area
  • Level Lot

Home Design

  • Manufactured Home on a slab
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,920 Sq Ft Home
  • Property has 2 Levels
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:00U03 B:00009 L:00000,1692187

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park
  • Community Stables
  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Net Operating Income $11,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,856

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1974
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Transaction Broker: 2.0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Refrigerator), Electric Water Heater,Tank Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Living Area: 1920
  • Stories Total: 4
  • MAIN LO: AN5361
  • LIST PRICE PER Sq Ft: 135.42
  • PRICE PER Sq Ft: 156.25
  • MAIN SO: AN6777

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Deck - Wood
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Electric), Unit 2(Electric)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: Spenc
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, University

Lot Info

  • Parcel Number: M:00U03 B:00009 L:00000,1692187
  • Zoning: 000
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 10018.8
  • Lot Size Units: Acres
  • LOT SIZE: 9970
  • PAGE: 121

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2856
  • Tax Book Number: 23582

Multi Family

  • Gross Income: 11400
  • Net Operating Income: 11400
  • Number Of Units Total: 2
  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2021
Closed on
Sep 27, 2021
Sold by
Obrien April E
Bought by
Jouki Stephanie A
Seller's Agent
Brittany O'Rourke
The O'Rourke Group Real Estate Professionals
Buyer's Agent
Stephanie Jordan
Results Realty
List Price
$260,000
Sold Price
$300,000
Premium/Discount to List
$40,000
15.38%
Current Estimated Value
$455,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,841
Avg. Annual Appreciation
11.54%
Original Mortgage
$294,566
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 2006
Sold by
Obrien Brendan P
Bought by
Obrien April E and Obrien Brendan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2001
Sold by
Lussier Jean A
Bought by
Obrien Brendan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.89%
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 Type Sale Price Title Company
Not Resolvable $300,000 None Available
Deed -- --
Deed -- --
Deed $135,000 --
Deed $135,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $318,750 Purchase Money Mortgage
Closed $318,750 Purchase Money Mortgage
Closed $294,566 FHA
Previous Owner $140,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $153,216 No Value Available
Previous Owner $157,500 Purchase Money Mortgage
Previous Owner $120,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $425,000 0.0% $221 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $425,000 +41.7% $221 / Sq Ft
09/27/2021 09/27/21 Sold $300,000 +15.4% $156 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $260,000 -- $135 / 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 $37 $318,500 $41,000 $277,500
2024 $3,344 $292,300 $41,000 $251,300
2023 $3,192 $264,700 $41,000 $223,700
2022 $3,123 $237,300 $37,300 $200,000
2021 $2,856 $203,400 $37,300 $166,100
2020 $2,758 $195,300 $37,300 $158,000
2019 $2,584 $186,400 $33,600 $152,800
2018 $2,295 $171,000 $39,100 $131,900
2017 $2,365 $169,200 $37,300 $131,900
2016 $2,258 $158,000 $37,300 $120,700
2015 $2,262 $165,500 $43,000 $122,500
2014 $2,176 $165,500 $43,000 $122,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72878844

MLS Property Information Network (MLS PIN)

APN: SPEN-000003U-000009