Investors or astute buyers, an incredible opportunity awaits. This commercial property boasts a prime location with high visibility, zoned for highway business and offering quick access to the MA Pike and major routes. It features approximately 580 +/- feet of frontage on both Thorndike Street (Route 32) and Shearer Street (leading to Route 181). The development potential for this 1.13-acre lot is vast. (Refer to documents for a list of permitted uses, special permit uses, and uses allowed by site plan approvals). In 2023, the property received approval for an Adult Use Cannabis Establishment. The owners are willing to share site plans and conceptual drawings and are open to discussing a land lease. Buyers are encouraged to conduct thorough due diligence with the town of Palmer, including obtaining necessary approvals and permits.
Property Details
Property Features
Listing Office:
Office Name: RE/MAX Connections
Office Phone: (413) 596-8500
Listing Agent: Brenda Binczewski
Lot Features
Lot Information:
Lot: Level, Corner Lot, Cleared
Lot Size: 1.13 Acres
Other
Directions Information:
Directions: MA Pike to Palmer Exit, left onto Thorndike Street (route 32) lot is on the left
Price Information
Listing Price Info
Price Summary:
List Price: $700,000
Tax Information:
Annual Amount: $3,791
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Palmer, MA.
This property is $368.2K more than the Median Sold Price in Palmer, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73294684
Listing Office:
Office Name: RE/MAX Connections
Office Phone: (413) 596-8500
Listing Agent: Brenda Binczewski
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/17/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,791
$167,500
2020
$3,678
$161,300
2019
$3,571
$161,300
2018
$3,464
$156,900
2017
$3,384
$156,900
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,561
Per Month
Principal & Interest
$3,494
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,165
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Old Mill Pond
4107 Main St
Distance between this listing and this school1.24 miles
Public District Grades PK-5
4
/10
Granite Valley School
21 Thompson St
Distance between this listing and this school4.14 miles
Public District Grades 1-6
6
/10
Warren Elementary School
51 School House Dr
Distance between this listing and this school5.43 miles
Public District Grades PK-6
Nearby Schools
5
/10
Ware Middle School
239 West St
Distance between this listing and this school6.37 miles
Public District Grades 4-6
4
/10
Paul R Baird Middle School
1 Rooney Rd
Distance between this listing and this school6.85 miles
Public District Grades 6-8
6
/10
Wilbraham Middle School
466 Stony Hill Rd
Distance between this listing and this school7.26 miles
Public District Grades 6-8
Nearby Schools
4
/10
Palmer High School
4105 Main St
Distance between this listing and this school1.18 miles
Public District Grades 6-12
3
/10
Pathfinder Vocational Technical
240 Sykes St
Distance between this listing and this school1.68 miles
Public District Grades 9-12
4
/10
Monson High School
55 Margaret St
Distance between this listing and this school3.90 miles
The neighbors living near this home have an average income of $40,436. The majority of Palmer, MA residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 405 Shearer St
What is the listing price of this property?
The listing price of 405 Shearer St property is $700,000.
What type of property is this?
The property 405 Shearer St is land located in Palmer, Massachusetts, 01069.
Is this property for sale now?
Active Listing: 405 Shearer St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,791 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 405 Shearer St in Palmer, MA and zip code 01069. This home sits on a 1.13 acre lot. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $700,000.
Palmer, MA housing market in November 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 5 sold below. The inventory of homes for sale in Palmer, MA between October 2024 and November 2024 decreased by 16.7%. The median list price of listings available in November 2024 was $331,750, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Figure Skating
Figure Skating
Extreme Sports
College Football
Kmart
Academy Sports & Outdoors
Express/Express For Men
Bob Evans
Little Caesars
Sonic
Buick
Chevrolet
Kia
Oldies
Country
New Country