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Somerset 02726
112 Homer Drive
$375,000
● House - Off Market

112 Homer Drive

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,672 Ft²
$692,232
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

WATERFRONT ~   Boaters Dream with Dock, deep water access, and Mooring rights. Two full size homes in one! Fully appliance kitchen upstairs, and down!  Entire lower level completely Handicap assessable. Separate double garage space ~ideal work area w/electricity, and off street parking for 8 cars! Beautiful white granite stone accents this home along with a  Spacious deck over looking Spectacular Colorful Sunrises! Lots of private space to enjoy the waterfront tranquility.   No Flood Required!
Unit Size
2,672 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$146
Property Type
House
Property Taxes
$599
HOA Dues
-
Year Built
1972

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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: 5 months ago (MLSPIN #71898070)

Price History

Date / Event Date Event Price
Dec 10, 2015 Sold
Premium
Sold
Sep 2, 2015 Listed by High Pointe Properties $390,000
Listed by High Pointe Properties
Jun 6, 2007 Sold
Premium
Sold
Jan 10, 2007 Listed by High Pointe Properties $499,900
Listed by High Pointe Properties
Oct 31, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,100
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 23,522
  • Total Building Area: 1,436
  • Gross Building Area: 2,536
  • Building Area: 1,436
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,436
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000540
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644102

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0E2 L:0176
  • Lot: 176
  • Municipality: SOMERSET
  • Latitude: 41.7793
  • Longitude: -71.1222

    Address

  • Full Address: 112 Homer Dr
  • Address - House Number: 112
  • Address - Street Name: Homer
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Somerset
  • Carrier Code: C059
  • 4-Digit Zip Code: 5903
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $730,400

    Appraisal Valuation

  • Standard Deviation: 0.16
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 666,393
  • High Value: 773,067
  • Low Value: 559,718

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $576,000
  • Assessed Land Value: $254,300
  • Assessed Improvements Value: $321,700

    Sales

  • Current Sale Recording Date: Dec 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20375
  • Previous Sale Recording Date: Jun 06, 2007
  • Previous Sale Amount: $495,000
  • 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 Somerset

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1741 ft²

Average Home Age

59.2 years

Currently For Sale

25 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: 5 months ago
Data Source: MLS PIN, MLS# 71898070

Frequently Asked Questions

When was property at 112 Homer Drive built and last sold?
The property at 112 Homer Drive was built in 1972 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 112 Homer Drive is $449,443.
What are some comparable homes to 112 Homer Drive?
There are currently no comparable homes to 112 Homer Drive.
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