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Somerset 02726
116 Harrison Ave
$249,000
● House - Off Market

116 Harrison Ave

Somerset, MA 02726
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,170 Ft²
$328,328
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Check out this 4 bedroom home on quiet Somerset street.  This home has the classic features you can only get with an older home, it will need some updating but well worth it.  There are 2 bedrooms on the main level with hardwood floors, the living room has a wood burning fireplace & hardwoods under the carpeting waiting to be revealed. The second level offers 2 good sized bedrooms with built in storage space.  Some updates include a newer heating system converted to gas and some replacement windows. The lower level is partially finished for storage, extra living space or whatever suits your needs.  This is the lowest priced home in Somerset and is priced to sell.  Dont miss out.
Unit Size
1,170 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$214
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 years ago (MLSPIN #72767428)

Price History

Date / Event Date Event Price
Feb 19, 2021 Sold
Premium
Sold
Dec 31, 2020 Sold
Premium
Sold
Dec 16, 2020 Listed by Right Choice Real Estate $249,900
Listed by Right Choice Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 780
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,170
  • Gross Building Area: 1,950
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • 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: 644200

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0C1 L:0089
  • Lot: 89
  • Municipality: SOMERSET
  • Latitude: 41.7416
  • Longitude: -71.1444

    Address

  • Full Address: 116 Harrison Ave
  • Address - House Number: 116
  • Address - Street Name: Harrison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Somerset
  • Carrier Code: C062
  • 4-Digit Zip Code: 5010
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $458,600

    Appraisal Valuation

  • Standard Deviation: 0.0891
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 411,490
  • High Value: 448,182
  • Low Value: 374,799

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $361,700
  • Assessed Land Value: $153,000
  • Assessed Improvements Value: $208,700

    Sales

  • Current Sale Contract Date: Feb 19, 2021
  • Current Sale Recording Date: Feb 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3796
  • Previous Sale Recording Date: Dec 31, 2020
  • Previous Sale Contract Date: Dec 31, 2020
  • Previous Sale Amount: $249,900
  • Previous Sale Document Type: O
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:

$527,600

Sale Price/ft²

$331

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1759 ft²

Average Home Age

59.7 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72767428

Frequently Asked Questions

When was property at 116 Harrison Avenue built and last sold?
The property at 116 Harrison Avenue was built in 1954 and last sold on Feb 19, 2021 for $345,000.
How much is this home worth?
The estimated value of the home located at 116 Harrison Avenue is $258,678.
What are some comparable homes to 116 Harrison Avenue?
There are currently no comparable homes to 116 Harrison Avenue.
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