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Spencer Home for Sale

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    $575,000

    • Land
    • 6 Acres
    • $103,604 per Acre

    11 Spencer & 363 365 Olcott St, Manchester, CT 06042

    This prime location listing is for a total of 5.55 acres in 3 parcels of ~560 ft of frontage on Spencer St and over 13,000 vehicles per day (according to CT DOT), which must be sold as one package. #363 Olcott St. is .45 acre parcel, #365 Olcott St. is .23 acre and has a residential home on site, #11 Spencer St. is 4.87 acres and has a small 810 sf retail building and a residential home on site.

    Richard Borden Borden-Lombardi Realty, LLC

    11 Spencer & 363 365 Olcott St, Manchester, CT 06042

About Spencer

Spencer, a neighborhood in Manchester, Connecticut, is situated on the west side of the city, overlooking East Hartford. Its location near the intersection of Interstate 84, Interstate 384, and Route 44 makes it convenient for commuting and accessing nearby amenities. The area features a mix of classic two-story New England Colonials, Cape Cod cottages, brick apartment buildings, and multi-story duplexes, many with driveways and some with attached garages. The well-maintained front lawns are adorned with neatly trimmed shrubs and mature oak and maple trees. Spencer's homes are competitively priced, with a median sale price lower than both Manchester and nearby Hartford, though proximity to highways can result in some noise and commercial activity. The neighborhood is served by the Manchester Public Schools system, with Manchester High School earning a high rating and offering various academies and dual enrollment programs with local colleges. Outdoor enthusiasts can enjoy the 3.5-mile Laurel Marsh Trail, Leber Field's baseball diamonds, and the Olcott Street sprayground. The Veterans Memorial Soccer Complex provides soccer fields and climbing structures. For shopping, residents have access to Botticello Farms for seasonal produce and plants, and a nearby ShopRite grocery store along with other conveniences. Spencer's crime rate is lower than the national average, contributing to its appeal for potential homebuyers.

Frequently Asked Questions

Is Spencer a good place to live?
Spencer is a good place to live. Spencer is considered car-dependent and somewhat bikeable. Spencer is a suburban neighborhood. Spencer has 7 parks for recreational activities. It is sparse in population with 2.3 people per acre and a median age of 33. The average household income is $53,430 which is below the national average. College graduates make up 40.7% of residents. A majority of residents in Spencer are renters, with 89% of residents renting and 11% of residents owning their home. A local real estate agent serving Spencer can help you decide if this neighborhood is the right one for you. Learn more on our Spencer neighborhood guide.
Is Spencer, CT a safe neighborhood?
Spencer, CT is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Spencer?
The median home price in Spencer is $114,500. If you put a 20% down payment of $22,900 and had a 30-year fixed mortgage with an interest rate of 6.81%, your estimated principal and interest payment would be $600 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $26K a year to afford the median home price in Spencer. The average household income in Spencer is $53K.
What are the best public schools in Spencer?
The best public schools that serve Spencer are:
What are the best private schools in Spencer?
The best private schools that serve Spencer are:
What are the most popular zip codes in Spencer, Manchester, CT?
The most popular zip codes in Spencer, Manchester, CT include 06457, 06010, 06082, 06424 and 06489.
What are the most popular neighborhoods near Spencer, Manchester, CT?
The most popular neighborhoods near Spencer, Manchester, CT are Verplanck, Keeney, West Side, Waddell and Robertson.

Home Trends in Spencer, CT

Home Trends

Median Price (12 Mo)
$130,000
Median Single Family Price
$310,000
Median 2 Bedroom Price
$132,000
Median 1 Bedroom Price
$120,000
Average Price Per Sq Ft
$176
Last 12 months Home Sales
5
Median List Price
$114,500
Median Discount From 1st List Price
-5%
Median Home Sale Price YoY Change
10%
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