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Norfolk 02090
11 Reed Avenue
$500,000
● House - Off Market

11 Reed Avenue

Westwood, MA 02090
bedrooms
2 Beds
bathrooms
1 Bath
square feet
795 Ft²
$511,804
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Rare opportunity in Westwood!  This adorable bungalow is nestled on a dead end street in a beautiful neighborhood near Westwood High School.  Neat as a pin with great bones, it is the perfect first home, equity builder or downsize.  Brand new paint inside and out with beautiful time tested hardwoods.  Bathroom has been updated and the kitchen is spacious but could use your fresh ideas!  Newer roof and boiler and potential to expand living space in the basement!  Don't miss out!  Call to see it today!
Unit Size
795 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$603
Property Type
House
Property Taxes
$514
HOA Dues
-
Year Built
1935

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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 #72924219)

Price History

Date / Event Date Event Price
Feb 11, 2022 Sold
Premium
Sold
Dec 1, 2021 Listed by Donahue Real Estate Co. $479,000
Listed by Donahue Real Estate Co.
Dec 16, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 6
  • Basement Area: 795
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,197
  • Total Building Area: 795
  • Gross Building Area: 1,849
  • Building Area: 795
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 795
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000211
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Westwood School District
  • School Tax School District: WESTWOOD SD
  • Census Tract: 412100

Geography

  • Account Number: 3824
  • Parcel: WWOO M:029 B:000 L:034
  • Lot: 34
  • Municipality: WESTWOOD
  • Latitude: 42.2111
  • Longitude: -71.2255

    Address

  • Full Address: 11 Reed Ave
  • Address - House Number: 11
  • Address - Street Name: Reed
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Westwood
  • Carrier Code: C002
  • 4-Digit Zip Code: 3711
  • Zip Code: 02090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $667,100

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 597,306
  • High Value: 700,625
  • Low Value: 493,986

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $466,500
  • Assessed Land Value: $338,800
  • Assessed Improvements Value: $127,700

    Sales

  • Current Sale Contract Date: Feb 11, 2022
  • Current Sale Recording Date: Feb 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13249
  • Previous Sale Recording Date: Dec 16, 1993
  • Previous Sale Amount: $147,000
  • 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 Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2530 ft²

Average Home Age

60.8 years

Currently For Sale

1380 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# 72924219

Frequently Asked Questions

When was property at 11 Reed Avenue built and last sold?
The property at 11 Reed Avenue was built in 1935 and last sold on Feb 11, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 11 Reed Avenue is $479,284.
What are some comparable homes to 11 Reed Avenue?
There are currently no comparable homes to 11 Reed Avenue.
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