NOT LISTED FOR SALE

67 Chestnut St Spencer, MA 01562

10 Beds
4 Baths
4,472 Sq Ft
9,817 Sq Ft Lot

Last Sold January 02, 2024

Last sale price $535,750 $120 Per Sq Ft

11 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Porch
  • Property is near public transit
  • Jogging Path
  • Park

About This Home

As of January 2024

Terrific opportunity to purchase this fully occupied investment property. Two separate buildings. One with two - 2 bedroom units and the other has a 4 bedroom unit as well as a 2 bedroom unit. Newer driveway allows for plenty of off-street parking. Updated gas heating systems, kitchens with all appliances including refrigerators, built in microwaves, ranges, dishwashers and washers & dryers. Flooring is either laminate or hardwood. Town water and sewer. All units have separate utilities. Rents are below market value so there is room for additional income to be generated. Also available is #63 Chestnut abutting property. #63 is a 3 family with 3 bedrooms each and can be purchased together or separately.

Last Listed By

Jeff Taylor

ERA Key Realty Services - Distinctive Group Listed on: 10/19/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,332

Year Built

  • Built in 1900

Lot Details

  • 9,817 Sq Ft Lot
  • Property fronts an easement
  • Level Lot

Home Design

  • 4,472 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Washer

Unfinished Basement

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

Parking

  • 8 Car Parking Spaces
  • Shared Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $5,500
  • Rent includes unit 1(water other (see remarks)), unit 2(water other (see remarks)), unit 3(water other (see remarks)), unit 4(water other (see remarks))
  • Tax Block 56
  • Assessor Parcel Number 1692836

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $300
  • Insurance Expense $2,800
  • Water Sewer Expense $3,800
  • Operating Expense $12,300
  • Net Operating Income $53,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,332

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1900
  • Buyer Agency: 2.5
  • Transaction Broker: 0
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl,Laminate,Hardwood
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Unit 3(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Unit 4(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 10
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Washer Hookup
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 4472
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: K95310
  • LIST PRICE PER Sq Ft: 128.58
  • PRICE PER Sq Ft: 119.8
  • MAIN SO: AN0475

Exterior Features

  • Exterior Features: Porch,Deck,Gutters
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Frontage Length: 58
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street, Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service, Common, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, House of Worship, Public School, Sidewalks
  • Rent Includes: Unit 1(Water,Other (See Remarks)), Unit 2(Water,Other (See Remarks)), Unit 3(Water,Other (See Remarks)), Unit 4(Water,Other (See Remarks))
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3800

Lot Info

  • Parcel Number: 1692836
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Level
  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 9817
  • Lot Size Units: Acres
  • PAGE: 97
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5332
  • Tax Block: 56
  • Tax Book Number: 56660
  • Tax Lot: 0
  • Tax Map Number: U08

Multi Family

  • Electric Expense: 300
  • Gross Income: 66000
  • Insurance Expense: 2800
  • Net Operating Income: 53700
  • Number Of Units Total: 4
  • Operating Expense: 12300
  • Total Actual Rent: 5500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 2
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 1
  • FLRS 2: 2

Range of Values:

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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 Change Sq Ft Price
01/02/2024 01/02/24 Sold $535,750 -6.8% $120 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
10/19/2023 10/19/23 For Sale $575,000 +358.2% $129 / Sq Ft
01/27/2017 01/27/17 Sold $125,500 +0.5% $63 / Sq Ft
01/04/2017 01/04/17 Pending -- -- --
12/27/2016 12/27/16 For Sale $124,900 -- $63 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73172152

MLS Property Information Network (MLS PIN)

APN: SPEN M:00U08 B:00056 L:00000