J
Seller's Agent in 2024
Jeff Taylor
ERA Key Realty Services - Distinctive Group
5 in this area
13 Total Sales
63 Chestnut St Spencer, MA 01562
Estimated Value: $445,000 - $581,000
9
Beds
3
Baths
3,519
Sq Ft
$140/Sq Ft
Est. Value
Highlights
- Deck
- Jogging Path
- Park
- Property is near public transit
- Porch
- 2 Car Garage
About This Home
As of January 2024Seeking a new investment property to add or begin creating your portfolio? Need a garage that can fit 4 cars? This 3 family offers 3 bedrooms in each unit and little exterior maintenance, making it an excellent investment opportunity. All 3 units are rented providing consistent cash flow. Longterm tenants who pay on time. Rents are below market value so added income can be established. Located close to downtown and with plenty of off-street parking on improved driveway. Updated gas heating systems, all appliances in each unit include refrigerators, dishwashers, built in microwaves, ranges AND in unit washers & dryers. All flooring is either laminate or hardwood, newer roofs on both building and garage. Separate utilities, town water and sewer. **Vinyl Siding Being Installed on front and right side of garage before closing** #67 Chestnut Street is the abutting property and also available to purchase together with this building or separately. #67 is a 4-unit property.
Last Agent to Sell the Property
ERA Key Realty Services - Distinctive Group Listed on: 10/19/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,182
Year Built
- Built in 1900
Lot Details
- 6,360 Sq Ft Lot
- Property fronts an easement
- Level Lot
Parking
- 2 Car Garage
- Shared Driveway
- Open Parking
- Off-Street Parking
Home Design
- Triplex
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,519 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Washer
Kitchen
- Microwave
- Dishwasher
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 3 Heating Zones
- Heating Available
- Separate Meters
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $4,400
- Tax Block 55
- Assessor Parcel Number 1692835
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Electric Expense $240
- Insurance Expense $2,800
- Water Sewer Expense $4,100
- Operating Expense $7,140
- Net Operating Income $45,660
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2023
Closed on
Jan 9, 2024
Sold by
Kangethe Patrick M
Bought by
63 Chestnut St Llc
Seller's Agent
Jeff Taylor
ERA Key Realty Services - Distinctive Group
Buyer's Agent
Eric Franszen
Century 21 Marathon
List Price
$475,000
Sold Price
$401,750
Premium/Discount to List
-$73,250
-15.42%
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,677
Avg. Annual Appreciation
13.35%
Original Mortgage
$321,400
Outstanding Balance
$316,684
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$176,743
Purchase Details
Closed on
May 27, 2020
Sold by
Taylor Jeffrey B
Bought by
Taylor Jeffrey B and Molitor Brandt M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 5, 2017
Sold by
Riel Bartholomew and Mtglq Investors Lp
Bought by
Mtglq Investors Lp
Purchase Details
Closed on
Oct 14, 2003
Sold by
Riel Bartholomew
Bought by
Riel Bartholomew and Riel Elisa B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 5, 1998
Sold by
Drake Michael J
Bought by
Riel Bartholomew
Purchase Details
Closed on
Oct 1, 1996
Sold by
Cassavant Jean and Cassavant Loretta
Bought by
Drake Michael
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 63 Chestnut St Llc | -- | None Available | |
| Taylor Jeffrey B | -- | None Available | |
| Mtglq Investors Lp | $153,000 | -- | |
| Riel Bartholomew | -- | -- | |
| Riel Bartholomew | $84,000 | -- | |
| Drake Michael | $74,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kangethe Patrick M | $321,400 | |
| Previous Owner | Taylor Jeffrey B | $227,000 | |
| Previous Owner | Taylor Jeffrey B | $203,000 | |
| Previous Owner | Riel Bartholomew | $246,000 | |
| Previous Owner | Riel Bartholomew | $234,000 | |
| Previous Owner | Riel Bartholomew | $225,000 | |
| Previous Owner | Riel Bartholomew | $197,000 | |
| Previous Owner | Casavant Madeleine M | $189,000 | |
| Previous Owner | Casavant Madeleine M | $135,465 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/05/2024 01/05/24 | Sold | $401,750 | -15.4% | $114 / Sq Ft |
| 10/31/2023 10/31/23 | Pending | -- | -- | -- |
| 10/19/2023 10/19/23 | For Sale | $475,000 | +251.9% | $135 / Sq Ft |
| 08/27/2018 08/27/18 | Sold | $135,000 | -9.9% | $39 / Sq Ft |
| 08/06/2018 08/06/18 | Pending | -- | -- | -- |
| 07/17/2018 07/17/18 | Price Changed | $149,900 | -5.4% | $43 / Sq Ft |
| 06/13/2018 06/13/18 | Price Changed | $158,500 | -3.9% | $46 / Sq Ft |
| 05/11/2018 05/11/18 | For Sale | $165,000 | -- | $47 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $50 | $421,600 | $27,400 | $394,200 |
| 2024 | $4,425 | $386,800 | $27,400 | $359,400 |
| 2023 | $4,182 | $346,800 | $27,400 | $319,400 |
| 2022 | $4,207 | $319,700 | $24,900 | $294,800 |
| 2021 | $3,559 | $253,500 | $24,900 | $228,600 |
| 2020 | $3,370 | $238,700 | $24,900 | $213,800 |
| 2019 | $2,955 | $213,200 | $22,500 | $190,700 |
| 2018 | $2,597 | $193,500 | $29,900 | $163,600 |
| 2017 | $2,684 | $192,000 | $28,400 | $163,600 |
| 2016 | $2,506 | $175,400 | $28,400 | $147,000 |
| 2015 | $2,521 | $184,400 | $33,200 | $151,200 |
| 2014 | $2,425 | $184,400 | $33,200 | $151,200 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Taylor
-
Eric Franszen
E
Buyer's Agent in 2024
Eric Franszen
Century 21 Marathon
(508) 283-7979
2 in this area
27 Total Sales
-
Michael Madulka
Seller's Agent in 2018
Michael Madulka
Quinsigamond Realty
(508) 579-7777
1 in this area
76 Total Sales
-
Linda Laney
Buyer's Agent in 2018
Linda Laney
Century 21 North East
(508) 450-4126
7 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73172150
APN: SPEN-000008U-000055
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.
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