NOT LISTED FOR SALE

98 Chestnut St Spencer, MA 01562

Estimated Value: $379,350 - $497,000

5 Beds
2 Baths
1,949 Sq Ft
$227/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $284,500 $146 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,313/month

4 Days on Market

Highlights

  • Deck
  • Porch
  • 4-minute walk to O' Gara Park
  • Wood Flooring
  • Storage Shed

About This Home

As of December 2020

Wonderfully maintained and updated 2 Family located in a quiet neighborhood setting. Fantastic investment opportunity! Good rents and good paying tenants! Many amenities close by include shopping, restaurants, hiking and biking trails across street as well as ballfields within walking distance. Updated electrical with separate utilities and landlord panel. Updated pex plumbing and newer water heaters. Newer roof and replacement windows. Private backyard with shed that has electricity and heat included with first floor rent! 5 off street parking spaces! May not qualify for FHA, USDA Financing. Please allow 24 hour notice for showings. Please adhere to Covid-19 Guidelines for showings. List agent is owner.

Last Agent to Sell the Property

Michael Nugent

RE/MAX Prof Associates Listed on: 10/28/2020

RE/MAX Prof Associates

Last Buyer's Agent

Julio Carrera

USA Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 9,583

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Deck
  • Storage Shed
  • Rain Gutters
  • Porch

Schools

  • David Prouty High School

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Window Screens
  • Year Round Access
  • Basement

Listing and Financial Details

  • Assessor Parcel Number U08-41

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Insc: 1200
  • Year Built Description: Actual
  • List Price Per Sq Ft: 135.92
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Year Round: Yes
  • Ife Common: Wall to Wall Carpet
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet, Laminate, Wood Laminate
  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 9
  • Rms Common: Mudroom
  • Basement: Y
  • Basement Features: Full, Concrete Floor, Unfinished Basement, Exterior Access
  • Main Lo: AN2764
  • Main So: AN4339
  • Estimated Sq Ft: 1949.00

Exterior Features

  • Construction: Frame, Stone/Concrete
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior Features: Porch, Deck, Deck - Roof, Deck - Wood, Gutters, Storage Shed, Screens, Varies per Unit
  • Foundation: Poured Concrete, Fieldstone, Irregular

Garage/Parking

  • Parking Feature: Off-Street, Assigned
  • Parking Spaces: 6

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 500
  • Sewer: 580
  • Electric Features: 220 Volts, Circuit Breakers, 200 Amps, Individually Metered
  • Heat Zones: 6
  • Hot Water: Natural Gas, Electric, Tank
  • Utility Connections: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, House of Worship
  • Hea Common: Hot Water Baseboard, Gas

Lot Info

  • Assessments: 165800.00
  • Lot: 00000
  • Acre: 0.22
  • Lot Size: 9629.00
  • Page: 265
  • Parcel Number: U08-41
  • Zoning: VR
  • Lot Description: Paved Drive, Easements, Shared Drive, Cleared, Gentle Slope

Green Features

  • Energy Features: Insulated Windows, Storm Windows, Insulated Doors, Prog. Thermostat, Varies per Unit

Multi Family

  • APOD Available: Yes
  • Heat Units: 2
  • Total Levels: 3
  • Total Rent: 2550
  • Total Rms: 9
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 2341.10
  • Assessor Parcel Number: 1692820
  • Tax Year: 2020

MLS Schools

  • High School: David Prouty
  • Middle School: Knox Trail

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Dec 18, 2020
Sold by
Nugent Michael K
Bought by
Rodriguez Erlindo E
Seller's Agent
Michael Nugent
RE/MAX Prof Associates
Buyer's Agent
Julio Carrera
USA Realty LLC
List Price
$264,900
Sold Price
$284,500
Premium/Discount to List
$19,600
7.4%
Current Estimated Value
$441,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,088
Avg. Annual Appreciation
9.11%
Original Mortgage
$251,100
Outstanding Balance
$223,554
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$218,034

Purchase Details

Closed on
May 31, 2017
Sold by
Giggey Neal S
Bought by
Nugent Michael K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,158
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 2, 2012
Closed on
Jan 31, 2013
Sold by
Sasseville Ronald J and Sasseville Wendy
Bought by
Giggey Neal S
Seller's Agent
Michelle Terry - Lisa Caron Team
Quaboag Valley Real Estate
Buyer's Agent
Dawn Dyer
Red Door Realty
List Price
$195,000
Sold Price
$125,000
Premium/Discount to List
-$70,000
-35.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.25%
Original Mortgage
$122,735
Interest Rate
3.41%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rodriguez Erlindo E $284,500 None Available
Nugent Michael K $205,000 --
Giggey Neal S $125,000 --
Giggey Neal S $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Erlindo E $251,100
Previous Owner Nugent Michael K $198,158
Previous Owner Giggey Neal S $122,735
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2020 12/22/20 Sold $284,500 +7.4% $146 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $264,900 +111.9% $136 / Sq Ft
01/31/2013 01/31/13 Sold $125,000 -35.9% $63 / Sq Ft View Prior Sale
01/01/2013 01/01/13 Pending -- -- --
04/02/2012 04/02/12 For Sale $195,000 -- $98 / 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 $41 $346,300 $28,600 $317,700
2024 $3,638 $318,000 $28,600 $289,400
2023 $3,443 $285,500 $28,600 $256,900
2022 $3,458 $262,800 $26,000 $236,800
2021 $2,467 $175,700 $26,000 $149,700
2020 $2,341 $165,800 $26,000 $139,800
2019 $2,194 $158,300 $23,400 $134,900
2018 $1,979 $147,500 $31,100 $116,400
2017 $2,040 $145,900 $29,700 $116,200
2016 $1,941 $135,800 $29,700 $106,100
2015 $1,941 $142,000 $34,300 $107,700
2014 $1,867 $142,000 $34,300 $107,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72749457

MLS Property Information Network (MLS PIN)

APN: SPEN-000008U-000041