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Bristol 02790
1016 Drift Rd
$550,000
● House - Off Market

1016 Drift Rd

Westport, MA 02790
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,379 Ft²
$621,695
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

WATER VIEWS!!!!!  Listing is new & improved!  Major tree work done!  All rugs removed and wood floors exposed!  PLUS SEPTIC PASSES FOR A 3 BEDROOM! Make this home your dream home! Legal 2 Family on Drift Road on 1 acre lot with tons of potential! Use as a single family or a 2! Home was used as a 2 family with 2 bedrooms up and 1 down. Upstairs has real wood panelling and stone fireplace. Downstairs was easy access in and out. Outside has a salt water inground pool, old tennis court, sauna and hot tub. River views!  Home is ready for upgrades but has some recent ones.  Roof is 9 years old, furnace is approx. 10 years old, and electric has been updated to 200 amps with generator hookup. Garage needs work but is usable and 1 sheds on the property. Home is being sold "as is, as seen".
Unit Size
1,379 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$431
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1920

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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 #73046340)

Price History

Date / Event Date Event Price
Feb 17, 2023 Sold
Premium
Sold
Jan 31, 2023 In contract -
In contract
Jan 4, 2023 Price Decreased $595,000
↓ $30K (4.8%)
Price Decreased
Nov 4, 2022 Price Increased $625,000
↑ $30K (5%)
Price Increased
Oct 10, 2022 Listed by Even Keel Realty, Inc. $595,000
Listed by Even Keel Realty, Inc.
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,199
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,379
  • Gross Building Area: 3,470
  • Building Area: 1,379
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,379
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Westport School District
  • School Tax School District: WESTPORT SD
  • Census Tract: 646104

Zoning

  • Zoning: R1

Geography

  • Account Number: 4240
  • Parcel: WPOR M:55 L:44
  • Lot: 44
  • Municipality: WESTPORT
  • Latitude: 41.5711
  • Longitude: -71.075

    Address

  • Full Address: 1016 Drift Rd
  • Address - House Number: 1016
  • Address - Street Name: Drift
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Westport
  • Carrier Code: R002
  • 4-Digit Zip Code: 1642
  • Zip Code: 02790

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $416,900

    Appraisal Valuation

  • Standard Deviation: 0.0891
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 92
  • Final Value: 657,533
  • High Value: 716,164
  • Low Value: 598,902

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $539,300
  • Assessed Land Value: $256,400
  • Assessed Improvements Value: $282,900

    Sales

  • Current Sale Contract Date: Feb 17, 2023
  • Current Sale Recording Date: Feb 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3023
  • Previous Sale Recording Date: Jan 30, 1991
  • Previous Sale Amount: $160,000
  • Previous 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 Bristol

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$309

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2278 ft²

Average Home Age

71.1 years

Currently For Sale

1128 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# 73046340

Frequently Asked Questions

When was property at 1016 Drift Road built and last sold?
The property at 1016 Drift Road was built in 1920 and last sold on Feb 17, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 1016 Drift Road is $590,571.
What are some comparable homes to 1016 Drift Road?
There are currently no comparable homes to 1016 Drift Road.
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