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New Bedford 02745
1083 Phillips Rd
$320,000
● House - Off Market

1083 Phillips Rd

New Bedford, MA 02745
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$302,235
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Come take a look at this Far North New Bedford adorable and affordable 2 bedroom ranch ! The one owner home has been well cared for over the years and has good solid bones!  This ranch style home is the perfect starter or retirement home. The home boasts a sun filled eat in kitchen, spacious living room , 2 bedrooms , full bath with tiled tub and shower , enclosed sun porch and large family room with separately zoned heat in basement. There are hardwood floors under carpeting on the main level , gas baseboard heating with updated furnace  , 100 amp circuit breakers, central air , vinyl siding and replacement windows. Outside is a large private fenced in backyard and storage shed.Enjoy a convenient location that is close to schools, supermarkets, banks, restaurants and highway! Please don't miss this one!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$250
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1965

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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 #72939947)

Price History

Date / Event Date Event Price
May 13, 2022 Sold
Premium
Sold
Feb 4, 2022 Listed by Coastal Realty $299,900
Listed by Coastal Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 825
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,049
  • Total Building Area: 825
  • Gross Building Area: 1,734
  • Building Area: 825
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 825
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000116
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: New Bedford School District
  • Census Tract: 650102

Zoning

  • Zoning: MUB

Geography

  • Account Number: 22288
  • Parcel: NEWB M:0132 L:0508
  • Lot: 508
  • Municipality: NEW BEDFORD
  • Latitude: 41.701
  • Longitude: -70.9388

    Address

  • Full Address: 1083 Phillips Rd
  • Address - House Number: 1083
  • Address - Street Name: Phillips
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: New Bedford
  • Carrier Code: C015
  • 4-Digit Zip Code: 1716
  • Zip Code: 02745

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $372,000

    Appraisal Valuation

  • Standard Deviation: 0.1985
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 357,416
  • High Value: 428,367
  • Low Value: 286,465

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $310,000
  • Assessed Land Value: $119,400
  • Assessed Improvements Value: $190,600

    Sales

  • Current Sale Contract Date: May 10, 2022
  • Current Sale Recording Date: May 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11253
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 New Bedford

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$277

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2324 ft²

Average Home Age

101.5 years

Currently For Sale

176 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# 72939947

Frequently Asked Questions

When was property at 1083 Phillips Road built and last sold?
The property at 1083 Phillips Road was built in 1965 and last sold on May 10, 2022 for $320,000.
How much is this home worth?
The estimated value of the home located at 1083 Phillips Road is $307,714.
What are some comparable homes to 1083 Phillips Road?
There are currently no comparable homes to 1083 Phillips Road.
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