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Norfolk
1 Forest Lane
$650,000
● House - Off Market

1 Forest Lane

Norfolk, MA 02056
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,206 Ft²
$749,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Welcome to Norfolk. A nice four Bedrooms Garrison Colonial with a Bonus room, large Living room with a big window and entertaining Family room. First floor offers a complete Guest suite with full bathroom, gas fireplace, private entrance and a separate driveway. Enjoy the beautiful sun in the All season Sun room complete with skylights, surround sound and access to the Trek deck overlooking the  very well landscaped lot. Eat in kitchen with new refrigerator, dishwasher and a microwave. Dining room perfect for large gatherings. Second floor has three great sized bedrooms and a guest bath plus a primary suite with walk-in closet and full bath. Laundry area with new washer and dryer. Large 2 Car garage. Fantastic double Cul-de-Sac side walk.
Unit Size
3,206 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$234
Property Type
House
Property Taxes
$914
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73099386)

Price History

Date / Event Date Event Price
Nov 2, 2023 Sold
Premium
Sold
Oct 6, 2023 In contract -
In contract
Aug 23, 2023 Price Decreased $749,000
↓ $50K (6.3%)
Price Decreased
Jul 27, 2023 Price Decreased $799,000
↓ $30K (3.6%)
Price Decreased
Jun 22, 2023 Price Decreased $829,000
↓ $20K (2.4%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,000
  • Total Building Area: 3,206
  • Gross Building Area: 5,354
  • Building Area: 3,206
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,206
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • Census Tract: 409102

Geography

  • Account Number: 14
  • Parcel: NORF M:0012 B:0062 L:0144
  • Block: 62
  • Lot: 144
  • Municipality: NORFOLK
  • Latitude: 42.0946
  • Longitude: -71.3255

    Address

  • Full Address: 1 Forest Ln
  • Address - House Number: 1
  • Address - Street Name: Forest
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Norfolk
  • Carrier Code: R005
  • 4-Digit Zip Code: 1547
  • Zip Code: 02056

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,233,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1726
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 846,266
  • High Value: 992,343
  • Low Value: 700,189

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $791,900
  • Assessed Land Value: $213,600
  • Assessed Improvements Value: $578,300

    Sales

  • Current Sale Contract Date: Nov 02, 2023
  • Current Sale Recording Date: Nov 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72764
  • Previous Sale Recording Date: Jul 09, 2021
  • Previous Sale Contract Date: Jul 07, 2021
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2621 ft²

Average Home Age

59.6 years

Currently For Sale

1323 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73099386

Frequently Asked Questions

When was property at 1 Forest Lane built and last sold?
The property at 1 Forest Lane was built in 1976 and last sold on Nov 2, 2023 for $663,000.
How much is this home worth?
The estimated value of the home located at 1 Forest Lane is $784,537.
What are some comparable homes to 1 Forest Lane?
There are currently no comparable homes to 1 Forest Lane.
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