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Pocasset 02559
118 Elgin Rd
$622,500
● House - Off Market

118 Elgin Rd

Bourne, MA 02559
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,870 Ft²
$1,034,112
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Great space in a great waterfront neighborhood! Lovely 8 room contemporary home in the Handy Point Association of Pocasset. This spacious home with open floor plan, first floor master with ensuite, cherry and granite kitchen, and living room with vaulted living room with fireplace has lots of entertaining space and closets as well as two oversized guest bedrooms with separate bath. First floor laundry. There is a 1 car garage, a full basement, and hobby/workroom space. Seasonal water views. The association's amenities include an association dock, tennis courts, and beach!
Unit Size
2,870 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$223
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
1986

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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: 4 months ago (MLSPIN #72049289)

Price History

Date / Event Date Event Price
May 15, 2017 Sold
Premium
Sold
Aug 5, 2016 Listed by Keller Williams Realty $640,000
Listed by Keller Williams Realty
Feb 25, 2011 Sold
Premium
Sold
Oct 4, 2010 Listed by Keller Williams Realty $599,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,382
  • Total Building Area: 2,870
  • Gross Building Area: 5,258
  • Building Area: 2,870
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,870
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HANDY POINT ESTATES
  • Land Acres: 0000000422
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bourne School District
  • Census Tract: 014002

Zoning

  • Zoning: R40

Geography

  • Account Number: 10245
  • Parcel: BOUR M:47.1 P:102
  • Municipality: BOURNE
  • Latitude: 41.6803
  • Longitude: -70.6183

    Address

  • Full Address: 118 Elgin Rd
  • Address - House Number: 118
  • Address - Street Name: Elgin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Pocasset
  • Carrier Code: R002
  • 4-Digit Zip Code: 2003
  • Zip Code: 02559

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $799,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1943
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 1,087,503
  • High Value: 1,298,829
  • Low Value: 876,177

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $996,900
  • Assessed Land Value: $401,500
  • Assessed Improvements Value: $595,400

    Sales

  • Current Sale Recording Date: May 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23404
  • Previous Sale Recording Date: Feb 25, 2011
  • Previous Sale Amount: $555,000
  • 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 Pocasset

Stats & Trends

Median Asking:

$720,000

Sale Price/ft²

$554

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2317 ft²

Average Home Age

58.6 years

Currently For Sale

14 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: 4 months ago
Data Source: MLS PIN, MLS# 72049289

Frequently Asked Questions

When was property at 118 Elgin Road built and last sold?
The property at 118 Elgin Road was built in 1986 and last sold on Jan 1, 1970 for $622,500.
How much is this home worth?
The estimated value of the home located at 118 Elgin Road is $686,879.
What are some comparable homes to 118 Elgin Road?
There are currently no comparable homes to 118 Elgin Road.
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