$492,919
●
House -
Off Market
111 Elgin Rd
Bourne, MA 02559
6 Beds
4 Baths
2,853 Ft²
$876,136
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
2 separate living spaces each with it's own kitchen, under one
roof! Perfect for In-laws or kids moving back home for a while.
Don't miss this great opportunity to own in Handy Point with
association dock, boat ramp, beach & tennis and much more. Deeded
Beach Rights!! Located in sought after Handy Point Association is
this great opportunity to own a very special piece of Cape Cod.
This year round or investment property features 6 bedrooms & 4 full
baths. First floor has a wonderful open floor plan with hardwood
throughout, gorgeous renovated kitchen with granite, stainless
appliances & large kitchen island. Second floor has its own private
entrance featuring a light & bright cathedral living/dining/kitchen
with recessed lighting & a wall of sliders to a deck with distant
water views of Buzzards Bay. It has the perfect setup for extended
family including 1st & 2nd floor master suites. Expansive deck for
summer entertaining, 1st floor laundry, 2 car garage and gas heat.
Association beach
Unit Size
2,853 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$210
Property Type
House
Property Taxes
$491
HOA Dues
$400
Year Built
1978
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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 #72595572)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 30, 2019 | No longer available | - | |
| No longer available | |||
| Dec 27, 2019 | Sold | ||
| Sold | |||
| Nov 22, 2019 | Listed by Sotheby's International Realty | $599,000 | |
| Listed by Sotheby's International Realty | |||
| | |||
|
2 separate living spaces each with it's own kitchen, under one roof! Perfect for In-laws or kids moving back home for a while. Don't miss this great opportunity to own in Handy Point with association dock, boat ramp, beach & tennis and much more. Deeded Beach Rights!! Located in sought after Handy Point Association is this great opportunity to own a very special piece of Cape Cod. This year round or investment property features 6 bedrooms & 4 full baths. First floor has a wonderful open floor plan with hardwood throughout, gorgeous renovated kitchen with granite, stainless appliances & large kitchen island. Second floor has its own private entrance featuring a light & bright cathedral living/dining/kitchen with recessed lighting & a wall of sliders to a deck with distant water views of Buzzards Bay. It has the perfect setup for extended family including 1st & 2nd floor master suites. Expansive deck for summer entertaining, 1st floor laundry, 2 car garage and gas heat. Association beach
| |||
| Aug 15, 2019 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Mar 28, 2019 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
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Property Highlights
Garage
Fireplace
Building Info
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