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Pocasset 02559
1 Richmond Rd
$555,000
● House - Off Market

1 Richmond Rd

Bourne, MA 02559
bedrooms
3 Beds
bathrooms
1 Bath
square feet
936 Ft²
$649,010
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Quintessential Cape Cod cottage just steps away from your Private Association Beach. This Pocasset charmer is truly a gem. Easy one floor living, with three bedrooms and one full bathroom. Sunny living room includes charming wood floors and a wood burning fireplace for chilly summer nights. Catch gorgeous sunset views from your spacious deck all set up for entertaining. No Cape cottage would be complete without an outdoor shower! Updates include a brand new mini-split wall unit for AC/heat and hot water heater. It is situated on a spacious corner lot, one hour from Boston and a short walk to Pocasset Village amenities. This home is being offered fully furnished and move-in ready. Great rental history! Don't miss out on this opportunity to own your own Cape Escape!
Unit Size
936 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$657
Property Type
House
Property Taxes
$302
HOA Dues
$500
Year Built
1954

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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: 6 months ago (MLSPIN #73041900)

Price History

Date / Event Date Event Price
Nov 15, 2022 Sold
Premium
Sold
Oct 11, 2022 In contract -
In contract
Sep 27, 2022 Listed by Rand Atlantic, Inc. $615,000
Listed by Rand Atlantic, Inc.
Dec 15, 2017 Sold
Premium
Sold
Feb 10, 2017 Listed by Rand Atlantic, Inc. $299,900
Listed by Rand Atlantic, Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 6,142
  • Total Building Area: 936
  • Gross Building Area: 972
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000141
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bourne School District
  • Census Tract: 014002

Zoning

  • Zoning: R40

Geography

  • Account Number: 7764
  • Parcel: BOUR M:37.4 P:42
  • Municipality: BOURNE
  • Latitude: 41.6959
  • Longitude: -70.6285

    Address

  • Full Address: 1 Richmond Rd
  • Address - House Number: 1
  • Address - Street Name: Richmond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Pocasset
  • Zip Code: 02559

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $452,800

    Appraisal Valuation

  • Standard Deviation: 0.2258
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 68
  • Final Value: 597,919
  • High Value: 732,967
  • Low Value: 462,870

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,600
  • Assessed Land Value: $408,200
  • Assessed Improvements Value: $156,400

    Sales

  • Current Sale Contract Date: Nov 15, 2022
  • Current Sale Recording Date: Nov 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 56421
  • Previous Sale Recording Date: Dec 15, 2017
  • Previous Sale Amount: $307,400
  • 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 Pocasset

Stats & Trends

Median Asking:

$715,000

Sale Price/ft²

$535

Below Asking

0.02%

Average Days on Market

59

Average Home Size

2362 ft²

Average Home Age

48.6 years

Currently For Sale

12 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73041900

Frequently Asked Questions

When was property at 1 Richmond Road built and last sold?
The property at 1 Richmond Road was built in 1954 and last sold on Nov 15, 2022 for $555,000.
How much is this home worth?
The estimated value of the home located at 1 Richmond Road is $601,053.
What are some comparable homes to 1 Richmond Road?
There are currently no comparable homes to 1 Richmond Road.
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