NOT LISTED FOR SALE

7 Pearl St Spencer, MA 01562

Estimated Value: $347,300 - $387,000

2 Beds
1 Bath
1,874 Sq Ft
$196/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $70,000 $37 Per Sq Ft

Est. 426% increase in value since last sale

Current estimated payment $2,009/month

175 Days on Market

About This Home

As of March 2018

Great investor opportunity! Seller has gutted the 1st floor to the studs. Second floor apartment needs some work(vacant) plus has a walkup attic. Was previously rented for $700.00 per month. On street parking. Walk to bus line, shopping, walking trails. Priced well below assessed value. Cash or 203K rehab loan required. 1st time on the market.

Last Agent to Sell the Property

Donna Flannery

ERA Key Realty Services- Spenc Listed on: 09/21/2017

ERA Key Realty Services- Spenc

Last Buyer's Agent

Carl Hendrickson

Aprilian Inc. License #453014202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Cleared
  • Property Type: Multi-family
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Insc: 1632
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 4
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Highway Access
  • Electric: Individually Metered
  • Basement: Walk Out
  • Full Bathrooms: 1
  • Total Levels: 2
  • Main Lo: K95310
  • Main So: AN2448
  • Estimated Sq Ft: 1874.00

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Foundation: Fieldstone

Garage/Parking

  • Parking: Common

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 678

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:00U08 B:00028 L:00000
  • Zoning: VR
  • Acre: 0.06
  • Lot Size: 2545.00

Multi Family

  • APOD Available: Yes
  • Foundation: 575
  • Total Bedrooms: 2
  • Total Floors: 3
  • Total Full Baths: 1
  • Total Levels: 2
  • Total Rms: 4
  • Multi Family Type: 2 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2017
Closed on
Mar 30, 2018
Sold by
Cook Brothers Realty I
Bought by
Amidon William and Beshai Erica L
Seller's Agent
Donna Flannery
ERA Key Realty Services- Spenc
Buyer's Agent
Carl Hendrickson
Aprilian Inc.
List Price
$80,000
Sold Price
$70,000
Premium/Discount to List
-$10,000
-12.5%
Current Estimated Value
$368,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,075
Avg. Annual Appreciation
23.98%

Purchase Details

Closed on
Jan 28, 1998
Sold by
Cook Suzanne M and Cook Gary A
Bought by
Cook Brothers Rlty Inc
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 Buyer Sale Price Title Company
Amidon William $70,000 --
Cook Brothers Rlty Inc $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 16 Wall Street Rt $875,000
Previous Owner 16 Wall Street Rt $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $70,000 -12.5% $37 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $80,000 0.0% $43 / Sq Ft
01/14/2018 01/14/18 Pending -- -- --
01/14/2018 01/14/18 For Sale $80,000 0.0% $43 / Sq Ft
01/10/2018 01/10/18 Pending -- -- --
12/13/2017 12/13/17 For Sale $80,000 0.0% $43 / Sq Ft
11/28/2017 11/28/17 Pending -- -- --
10/30/2017 10/30/17 Price Changed $80,000 -11.1% $43 / Sq Ft
09/21/2017 09/21/17 For Sale $90,000 -- $48 / 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 $32 $269,600 $23,100 $246,500
2024 $2,834 $247,700 $23,100 $224,600
2023 $2,685 $222,600 $23,100 $199,500
2022 $2,695 $204,800 $21,000 $183,800
2021 $2,253 $160,500 $21,000 $139,500
2020 $2,135 $151,200 $21,000 $130,200
2019 $2,004 $144,600 $19,000 $125,600
2018 $1,365 $101,700 $25,200 $76,500
2017 $1,622 $116,000 $24,000 $92,000
2016 $1,545 $108,100 $24,000 $84,100
2015 $1,603 $117,300 $31,900 $85,400
2014 $1,542 $117,300 $31,900 $85,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72232381

MLS Property Information Network (MLS PIN)

APN: SPEN-000008U-000028