Sold for $303,500

Street View

$303,500

16 Prospect St, Spencer, MA 01562

5beds

3,642sqft

3 Family

Built in 1847

-- sqft lot

$568,800 Zestimate^®

$83/sqft

$1,786 Estimated rent

Home value

$568,800

$501,000 - $654,000

$1,786/mo

Zestimate^® history

Owner options

List your home for rent

$1,786/mo

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$1,786/mo

Rent Zestimate^®

Refinance and save

$1,952/mo

Est. payment

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$1,952/mo

Est. payment

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What's special

New roof

Take advantage of this incredible investment opportunity. This property has major value add potential, and would be fantastic for a first time buyer to improve the property while building generational wealth! Tenants are in place with leases. The property has a new roof, but there are many updates to be made, an amazing chance to gain equity in this competitive market!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Features

Other
Has basement: No
Has fireplace: No

Interior area

Total structure area: 3,642
Total interior livable area: 3,642 sqft

Property

Lot

Size: 6,930 Square Feet
Features: Other

Details

Parcel number: M:00U07 B:00268 L:00000,1692762
Zoning: res

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Foundation: Other

Condition

Year built: 1847

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Spencer

Financial & listing details

Price per square foot: $83/sqft
Tax assessed value: $334,400
Annual tax amount: $4,033
Date on market: 1/4/2026
Total actual rent: 3400

Price history

Date	Event	Price
10/20/2023	Sold	$303,500+1.5%$83/sqft
Source: MLS PIN #73145448 Report a problem
8/15/2023	Contingent	$299,000$82/sqft
Source: MLS PIN #73145448 Report a problem
8/7/2023	Listed for sale	$299,000+37275%$82/sqft
Source: MLS PIN #73145448 Report a problem
8/10/2017	Listing removed	$800
Source: EXIT REALTY PARTNERS #72204255 Report a problem
8/4/2017	Sold	$800-99.3%
Source: Agent Provided Report a problem
7/27/2017	Listed for rent	$800
Source: EXIT REALTY PARTNERS #72204255 Report a problem
11/15/2013	Sold	$120,000-14.2%$33/sqft
Source: Public Record Report a problem
8/29/2013	Pending sale	$139,900$38/sqft
Source: CENTURY 21 Toomey-Lovett, Inc. #71561995 Report a problem
7/30/2013	Listed for sale	$139,900-6.7%$38/sqft
Source: Century 21 Toomey-Lovett #71561995 Report a problem
9/28/2012	Listing removed	$149,900$41/sqft
Source: ERA Key Realty Services #70784030 Report a problem
3/29/2011	Price change	$149,900-16.7%$41/sqft
Source: Bruce Taylor #70784030 Report a problem
6/13/2010	Price change	$179,900-10%$49/sqft
Source: Bruce Taylor #70784030 Report a problem
10/17/2009	Price change	$199,900-13%$55/sqft
Source: Bruce Taylor #70784030 Report a problem
6/27/2008	Price change	$229,900-14.5%$63/sqft
Source: Bruce Taylor #70784030 Report a problem
3/1/2008	Listed for sale	$269,000-0.3%$74/sqft
Source: MLS Property Information Network #70586579 Report a problem
12/7/2007	Listing removed	$269,900$74/sqft
Source: ERA #70586579 Report a problem
11/12/2007	Listed for sale	$269,900$74/sqft
Source: ERA #70586579 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,643 -14.6%	$310,300 -16.8%
2024	$4,265 +5.8%	$372,800 +11.5%
2023	$4,033 -0.5%	$334,400 +8.6%
2022	$4,052 +19%	$307,900 +27%
2021	$3,405 +5.7%	$242,500 +6.3%
2020	$3,222 +6.4%	$228,200 +4.4%
2019	$3,028 +14.3%	$218,500 +10.7%
2018	$2,649 -3.3%	$197,400 +0.7%
2017	$2,740 +5.6%	$196,000 +7.9%
2016	$2,595 +5.4%	$181,600 +0.8%
2015	$2,463 +3.9%	$180,200
2014	$2,370 +3%	$180,200
2013	$2,301 -2.4%	$180,200 -6.1%
2012	$2,357 +4.8%	$191,900 -5.5%
2011	$2,248 -1.1%	$203,100 -12.2%
2010	$2,272 -7%	$231,400 -17.1%
2009	$2,442 +13.6%	$279,100 +2.8%
2008	$2,149 +3.8%	$271,400 +1.3%
2007	$2,070 +7.9%	$267,800 +18.5%
2006	$1,919 -0.5%	$226,000 +2%
2005	$1,928 +15.8%	$221,600 +11.8%
2004	$1,665 +4.6%	$198,200 +55.2%
2003	$1,592 +10.6%	$127,700
2001	$1,439 +20.4%	$127,700 +31.6%
2000	$1,195 +10.9%	$97,000 -0.5%
1997	$1,078	$97,500