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Berkshire
10 Drive B
$469,900
● House - Off Market

10 Drive B

Otis, MA 01253
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
936 Ft²
$2,418
Est. Monthly

About This Property

Welcome to your charming remodeled 2-bedroom sanctuary, boasting 936 square feet of cozy comfort.  Step inside and discover a remodeled interior, where every detail exudes warmth and character. The living area welcomes you with its inviting ambiance, perfect for both relaxing evenings and lively gatherings - cozy up to woodstove!But the true gem of this property lies just beyond its walls. Step outside to discover the expansive .57-acre lot, adorned with lush greenery. Marvel at the oversized heated 2-car garage, complete with a convenient bedroom above, offering endless possibilities for guests or a private retreat.For the avid boater, deeded dock rights with a boat slip on B Drive await, providing easy access to tranquil waters and unforgettable sunsets
Unit Size
936 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$502
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1944

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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 #73227405)

Price History

Date / Event Date Event Price
Nov 13, 2024 Sold
Premium
Sold
Oct 8, 2024 In contract -
In contract
Sep 6, 2024 Price Decreased $469,900
↓ $10K (2.1%)
Price Decreased
Jul 16, 2024 Price Increased $479,900
↑ $10K (2.1%)
Price Increased
Apr 23, 2024 Listed by Coldwell Banker Realty - Western MA $469,900
Listed by Coldwell Banker Realty - Western MA
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • 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: 24,829
  • Total Building Area: 936
  • Gross Building Area: 1,136
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OTIS RESERVOIR
  • Land Acres: 0000000570
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Farmington River Regional School District
  • School Tax School District: FARMINGTON RIV
  • Census Tract: 933400

Zoning

  • Zoning: R40

Geography

  • Account Number: 2980
  • Parcel: OTIS M:18-B L:103
  • Lot: 103
  • Municipality: OTIS
  • Latitude: 42.156
  • Longitude: -73.0341

    Address

  • Full Address: 10 Drive B
  • Address - House Number: 10
  • Address - Street Name: Drive B
  • State: MA
  • City Name: Otis
  • Zip Code: 01253

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $119,600

    Appraisal Valuation

  • Standard Deviation: 0.2639
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 62
  • Final Value: 310,403
  • High Value: 392,325
  • Low Value: 228,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,600
  • Assessed Land Value: $44,400
  • Assessed Improvements Value: $136,200

    Sales

  • Current Sale Recording Date: Dec 17, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Berkshire

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$205

Below Asking

0.03%

Average Days on Market

69

Average Home Size

2810 ft²

Average Home Age

95.6 years

Currently For Sale

98 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# 73227405

Frequently Asked Questions

When was property at 10 Drive B built and last sold?
The property at 10 Drive B was built in 1944 and last sold on Jan 1, 1970 for $128,000.
How much is this home worth?
The estimated value of the home located at 10 Drive B is $464,929.
What are some comparable homes to 10 Drive B?
There are currently no comparable homes to 10 Drive B.
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