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Norfolk 02054
10 Independence Lane
$355,750
● House - Off Market

10 Independence Lane

Millis, MA 02054
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,820 Ft²
$792,919
RealtyHop Estimate
120.26%
Since May 1, 2012
National-US
Primary Model

About This Property

Renovated Colonial home in a quiet and convenient neighborhood.  Large 1st floor familyroom, livingroom with fireplace, kitchen includes new stainless appliances, shaker style cabinetry and quartz countertop. This home has been freshly painted from top to bottom, hardwoods on 1st & 2nd floor have been refinished, ceramic tiles replaced in baths and kitchen. Bright and sunny with an open and spacious floor plan.
Unit Size
1,820 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$198
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71362134)

Price History

Date / Event Date Event Price
Apr 30, 2012 Sold
Premium
Sold
Apr 4, 2012 Listed by Conway - Medfield $360,000
Listed by Conway - Medfield
Renovated Colonial home in a quiet and convenient neighborhood. Large 1st floor familyroom, livingroom with fireplace, kitchen includes new stainless appliances, shaker style cabinetry and quartz countertop. This home has been freshly painted from top to bottom, hardwoods on 1st & 2nd floor have been refinished, ceramic tiles replaced in baths and kitchen. Bright and sunny with an open and spacious floor plan.
Dec 2, 2011 Sold
Premium
Sold
Oct 27, 2011 Listed by Compass $242,500
Listed by Compass
3 Bedroom 1 1/2 Bath Colonial placed on 1/2 acre in cul de sac neighborhood. ALL CONTRACTS/OFFERS ARE SUBJECT TO ONEWEST SENIOR MANAGEMENT APPROVAL AND ANY OFFERS OR COUNTER OFFERS BY ONEWEST ARE NOT BINDING UNLESS THE ENTIRE AGREEMENT IS RATIFIED BY ALL PARTIES. Buyer/Buyer's Agent responsible for Final H2O/Sewer Reading & Fire/CO2 detectors install/certificate of compliance.
Sep 16, 2010 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • 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: 25,265
  • Total Building Area: 1,820
  • Gross Building Area: 3,534
  • Building Area: 1,820
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,820
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL VLG MILLIS
  • Land Acres: 0000000580
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Millis School District
  • School Tax School District: MILLIS SD
  • Census Tract: 407102

Geography

  • Parcel: MILL M:041 B:0000073
  • Block: 73
  • Municipality: MILLIS
  • Latitude: 42.1427
  • Longitude: -71.3755

    Address

  • Full Address: 10 Independence Ln
  • Address - House Number: 10
  • Address - Street Name: Independence
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Millis
  • Carrier Code: C004
  • 4-Digit Zip Code: 1428
  • Zip Code: 02054

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $912,500

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 686,257
  • High Value: 792,544
  • Low Value: 579,970

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $555,700
  • Assessed Land Value: $187,600
  • Assessed Improvements Value: $368,100

    Sales

  • Current Sale Recording Date: Dec 02, 2011
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 16, 2010
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 34
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

2629 ft²

Average Home Age

59.8 years

Currently For Sale

1318 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71362134

Frequently Asked Questions

When was property at 10 Independence Lane built and last sold?
The property at 10 Independence Lane was built in 1974 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 10 Independence Lane is $386,903.
What are some comparable homes to 10 Independence Lane?
There are currently no comparable homes to 10 Independence Lane.
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