Seeking a new investment property to add or begin creating your portfolio? Need a garage that can fit 4 cars? This 3 family offers 3 bedrooms in each unit and little exterior maintenance, making it an excellent investment opportunity. All 3 units are rented providing consistent cash flow. Longterm tenants who pay on time. Rents are below market value so added income can be established. Located close to downtown and with plenty of off-street parking on improved driveway. Updated gas heating systems, all appliances in each unit include refrigerators, dishwashers, built in microwaves, ranges AND in unit washers & dryers. All flooring is either laminate or hardwood, newer roofs on both building and garage. Separate utilities, town water and sewer. **Vinyl Siding Being Installed on front and right side of garage before closing** #67 Chestnut Street is the abutting property and also available to purchase together with this building or separately. #67 is a 4-unit property.
Sold for $401,750
$401,750
63 Chestnut St, Spencer, MA 01562
9beds
3,519sqft
3 Family - 3 Units Up/Down
Built in 1900
-- sqft lot
$563,200 Zestimate®
$114/sqft
$1,782 Estimated rent
Home value
$563,200
$524,000 - $603,000
$1,782/mo
Zestimate® history
Owner options
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$1,782/mo
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$1,782/mo
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$2,528/mo
Est. payment
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$2,528/mo
Est. payment
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Close to downtownVinyl sidingNewer roofsUnit washersSeparate utilities
Zillow last checked:
Listing updated:
Listed by:
Jeff Taylor 508-735-4544,
ERA Key Realty Services - Distinctive Group 508-303-3434
Bought with:
Eric Franszen
Cedar Wood Realty Group
Source: MLS PIN,MLS#: 73172150
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Living Room, Kitchen
- Flooring: Vinyl, Laminate
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,519
- Total interior livable area: 3,519 sqft
Property
Parking
- Total spaces: 8
- Parking features: Paved Drive, Shared Driveway, Off Street, Paved
- Garage spaces: 2
- Uncovered spaces: 6
Features
- Patio & porch: Porch, Deck
- Waterfront features: Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
- Frontage length: 90.00
Lot
- Size: 6,360 sqft
- Features: Easements, Level
Details
- Parcel number: 1692835
- Zoning: R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Frame
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service, Common, Individually Metered
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Community & neighborhood
Community
- Community features: Public Transportation, Park, Walk/Jog Trails, Laundromat, House of Worship, Public School, Sidewalks
Location
- Region: Spencer
HOA & financial
Other financial information
- Total actual rent: 4400
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2024 | Sold | $401,750-15.4%$114/sqft |
Source: MLS PIN #73172150 Report a problem | ||
| 10/31/2023 | Contingent | $475,000$135/sqft |
Source: MLS PIN #73172150 Report a problem | ||
| 10/19/2023 | Listed for sale | $475,000$135/sqft |
Source: MLS PIN #73172150 Report a problem | ||
| 10/31/2022 | Listing removed | $475,000$135/sqft |
Source: MLS PIN #73047011 Report a problem | ||
| 10/12/2022 | Listed for sale | $475,000+251.9%$135/sqft |
Source: MLS PIN #73047011 Report a problem | ||
| 8/27/2018 | Sold | $135,000-9.9%$38/sqft |
Source: Public Record Report a problem | ||
| 8/6/2018 | Pending sale | $149,900$43/sqft |
Source: Quinsigamond Realty #72325263 Report a problem | ||
| 7/17/2018 | Price change | $149,900-5.4%$43/sqft |
Source: Quinsigamond Realty #72325263 Report a problem | ||
| 6/13/2018 | Price change | $158,500-3.9%$45/sqft |
Source: Quinsigamond Realty #72325263 Report a problem | ||
| 5/11/2018 | Listed for sale | $165,000+7.8%$47/sqft |
Source: Quinsigamond Realty #72325263 Report a problem | ||
| 12/5/2017 | Sold | $153,000+82.1%$43/sqft |
Source: Public Record Report a problem | ||
| 8/5/1998 | Sold | $84,000+12.8%$24/sqft |
Source: Public Record Report a problem | ||
| 10/1/1996 | Sold | $74,500$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,950 +11.9% | $421,600 +9% |
| 2024 | $4,425 +5.8% | $386,800 +11.5% |
| 2023 | $4,182 -0.6% | $346,800 +8.5% |
| 2022 | $4,207 +18.2% | $319,700 +26.1% |
| 2021 | $3,559 +5.6% | $253,500 +6.2% |
| 2020 | $3,370 +14% | $238,700 +12% |
| 2019 | $2,955 +13.8% | $213,200 +10.2% |
| 2018 | $2,597 -3.2% | $193,500 +0.8% |
| 2017 | $2,684 +7.1% | $192,000 +9.5% |
| 2016 | $2,506 -0.6% | $175,400 -4.9% |
| 2015 | $2,521 +4% | $184,400 |
| 2014 | $2,425 -4% | $184,400 -6.7% |
| 2013 | $2,525 +1.2% | $197,700 -2.7% |
| 2012 | $2,494 +5.1% | $203,100 -5.2% |
| 2011 | $2,372 +3.4% | $214,300 -8.2% |
| 2010 | $2,293 -8% | $233,500 -18% |
| 2009 | $2,492 +13.6% | $284,800 +2.8% |
| 2008 | $2,194 +2.5% | $277,000 |
| 2007 | $2,141 -9% | $277,000 -0.1% |
| 2006 | $2,353 -0.5% | $277,200 +1.9% |
| 2005 | $2,366 +16.1% | $272,000 +12.1% |
| 2004 | $2,038 +3.1% | $242,600 +53.1% |
| 2003 | $1,976 +10.6% | $158,500 |
| 2001 | $1,786 +26.1% | $158,500 +37.9% |
| 2000 | $1,416 +18.8% | $114,900 +6.6% |
| 1997 | $1,192 | $107,800 |
Find assessor info on the county website
Neighborhood: 01562
Nearby schools
GreatSchools rating
- 4/10Knox Trail Junior High SchoolGrades: 5-8Distance: 0.6 mi
- 3/10David Prouty High SchoolGrades: 9-12Distance: 1.1 mi
- 3/10Wire Village SchoolGrades: K-4Distance: 1.8 mi
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Estimated market value
$563,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$563,200
- Massachusetts
- Worcester County
- Spencer
- 01562
- 63 Chestnut St
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