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Norfolk
11 Richard Road
$362,500
● House - Off Market

11 Richard Road

Medway, MA 02053
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,167 Ft²
$537,093
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

This home offers space inside and out and is located in a neighborhood setting. Town Water / Town Sewer / Natural Gas Heat / RINNAI tank-less gas water heater. The over-sized master bedroom features a master bathroom and private deck access. The carport flows into a large mud room. The sun-filled dining room includes a slider onto a private back deck and yard.
Unit Size
2,167 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$162
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1961

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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 #72284604)

Price History

Date / Event Date Event Price
Apr 26, 2018 Sold
Premium
Sold
Feb 22, 2018 Listed by Keller Williams Realty $350,000
Listed by Keller Williams Realty
Mar 28, 2008 Sold
Premium
Sold
Jan 7, 2008 Listed by Keller Williams Realty $339,000
Listed by Keller Williams Realty
Jun 25, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 6
  • Basement Area: 1,262
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,526
  • Gross Building Area: 3,237
  • Building Area: 1,526
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,526
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medway School District
  • School Tax School District: MEDWAY SD
  • Census Tract: 408104

Zoning

  • Zoning: ARII

Geography

  • Account Number: 6-270
  • Parcel: MEDW M:32 B:091
  • Block: 91
  • Municipality: MEDWAY
  • Latitude: 42.1555
  • Longitude: -71.4054

    Address

  • Full Address: 11 Richard Rd
  • Address - House Number: 11
  • Address - Street Name: Richard
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Medway
  • Carrier Code: C003
  • 4-Digit Zip Code: 1758
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $741,800
  • Initial Tax Delinquent Year: 1993

    Appraisal Valuation

  • Standard Deviation: 0.1596
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 587,212
  • High Value: 680,983
  • Low Value: 493,441

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $465,400
  • Assessed Land Value: $234,700
  • Assessed Improvements Value: $230,700

    Sales

  • Current Sale Recording Date: Apr 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32409
  • Previous Sale Recording Date: Mar 28, 2008
  • Previous Sale Amount: $324,000
  • 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# 72284604

Frequently Asked Questions

When was property at 11 Richard Road built and last sold?
The property at 11 Richard Road was built in 1961 and last sold on Jan 1, 1970 for $362,500.
How much is this home worth?
The estimated value of the home located at 11 Richard Road is $380,767.
What are some comparable homes to 11 Richard Road?
There are currently no comparable homes to 11 Richard Road.
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