Seller's Agent in 2025
John Caron
Homestead Realty Group
(508) 826-5750
2 in this area
25 Total Sales
66 Cherry St Spencer, MA 01562
Estimated Value: $524,089 - $571,000
7
Beds
3
Baths
3,454
Sq Ft
$159/Sq Ft
Est. Value
Highlights
- Spa
- Covered Patio or Porch
- Shops
- Wood Flooring
- Living Room
- Shed
About This Home
As of June 2025Prime residential investment opportunity in the heart of Spencer. This 3-family property, fully occupied, offers 3,454 square feet of living space generating great rental income for investors, multi-generational living, or anyone who seeks rental income to add to their portfolio. Separate gas meters, water heaters and electrical panels for each unit and a landlord electrical panel as well. Nice level lot featuring spacious covered deck seating area with multiple storage sheds. Two paved driveways offer abundant off-street parking. Close to shops, restaurants, and other town conveniences.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,852
Year Built
- Built in 1880
Lot Details
- 8,809 Sq Ft Lot
Home Design
- Triplex
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,454 Sq Ft Home
- Ceiling Fan
- Living Room
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 7 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Spa
- Covered Patio or Porch
- Shed
Schools
- David Prouty High School
Utilities
- No Cooling
- 3 Heating Zones
- Heating System Uses Natural Gas
- Baseboard Heating
- Separate Meters
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $4,895
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:00U06 B:00169 L:00000,1692473
- Tax Block 1699
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Shops
Building Details
- Electric Expense $1,129
- Insurance Expense $3,851
- Water Sewer Expense $2,291
- Operating Expense $15,835
- Net Operating Income $42,905
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 19, 2025
Closed on
Jun 2, 2025
Sold by
Morrill Robert K and Morrill Tonya
Bought by
Vo Henry C
Seller's Agent
John Caron
Homestead Realty Group
Buyer's Agent
Ibrahim Kallon
Century 21 XSELL REALTY
List Price
$519,000
Sold Price
$560,000
Premium/Discount to List
$41,000
7.9%
Views
12
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
-$10,478
Avg. Annual Appreciation
-3.15%
Original Mortgage
$532,000
Outstanding Balance
$529,711
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$19,811
Purchase Details
Closed on
May 24, 2018
Sold by
Morrill Robert K
Bought by
Morrill Robert K and Morrill Tonya
Purchase Details
Closed on
Feb 23, 2016
Sold by
Morrill Robert K and Morrill Gail E
Bought by
Morrill Robert K
Purchase Details
Closed on
May 5, 2003
Sold by
Sauvageau Richard A and Sauvageau Jacqueline
Bought by
Morrill Robert K and Morrill Gail E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 1, 1998
Sold by
Messier Donald R and Messier Dianne
Bought by
Sauvageau Richard and Sauvageau Jacqueline
Purchase Details
Closed on
Apr 26, 1995
Sold by
Werme David and Werme Helen
Bought by
Sauvageau Richard and Sauvageau Jacqueline
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vo Henry C | $560,000 | None Available | |
| Vo Henry C | $560,000 | None Available | |
| Morrill Robert K | -- | -- | |
| Morrill Robert K | -- | -- | |
| Morrill Robert K | -- | -- | |
| Morrill Robert K | -- | -- | |
| Morrill Robert K | $240,000 | -- | |
| Morrill Robert K | $240,000 | -- | |
| Sauvageau Richard | $110,000 | -- | |
| Sauvageau Richard | $110,000 | -- | |
| Sauvageau Richard | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vo Henry C | $532,000 | |
| Closed | Vo Henry C | $532,000 | |
| Previous Owner | Sauvageau Richard | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Sold | $560,000 | +7.9% | $162 / Sq Ft |
| 03/24/2025 03/24/25 | Pending | -- | -- | -- |
| 03/19/2025 03/19/25 | For Sale | $519,000 | -- | $150 / 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 | $4,185 | $356,500 | $40,400 | $316,100 |
| 2024 | $3,757 | $328,400 | $40,400 | $288,000 |
| 2023 | $3,572 | $296,200 | $40,400 | $255,800 |
| 2022 | $2,979 | $226,400 | $36,700 | $189,700 |
| 2021 | $2,944 | $209,700 | $36,700 | $173,000 |
| 2020 | $2,804 | $198,600 | $36,700 | $161,900 |
| 2019 | $2,626 | $189,500 | $33,100 | $156,400 |
| 2018 | $2,318 | $172,700 | $38,500 | $134,200 |
| 2017 | $2,389 | $170,900 | $36,700 | $134,200 |
| 2016 | $2,119 | $148,300 | $36,700 | $111,600 |
| 2015 | $2,157 | $157,800 | $42,500 | $115,300 |
| 2014 | $2,075 | $157,800 | $42,500 | $115,300 |
Source: Public Records
Agents Affiliated with this Home
-
John Caron
-
Stephen Reynolds
S
Seller Co-Listing Agent in 2025
Stephen Reynolds
Homestead Realty Group
(508) 667-2073
1 in this area
6 Total Sales
-
Ibrahim Kallon
Buyer's Agent in 2025
Ibrahim Kallon
Century 21 XSELL REALTY
(617) 599-5335
1 in this area
8 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73347818
APN: SPEN-000006U-000169
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