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Norfolk 02054
118 Norfolk Road
$750,000
● House - Off Market

118 Norfolk Road

Millis, MA 02054
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,501 Ft²
$822,187
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

This stunning property offers 3.75 acres of privacy and beauty. Tucked down the long driveway from the road, this estate setting offers 3 bedrooms, 2.5 baths, granite kitchen with pantry, dining room, natural gas stove in living room, laundry room, hardwood and tile flooring on first floor, carpet on second floor, master suite with private bath and walk-in closet, 2 additional generous sized bedrooms. Step out to your deck and relax to the gorgeous surroundings. 2-car garage, natural gas heating, central air conditioning and a lower level ready to be finished for additional living space. 4-bedroom septic for expansion, plenty of outdoor space to build a barn, have a garden or just enjoy the beauty. Close to Norfolk train, schools and so much more. Don't miss out...
Unit Size
2,501 Ft²
Days on Market
-
Land Size
3.75 acres
Price per sqft
$310
Property Type
House
Property Taxes
$794
HOA Dues
-
Year Built
2002

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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 #73049384)

Price History

Date / Event Date Event Price
Dec 15, 2022 Sold
Premium
Sold
Nov 1, 2022 In contract -
In contract
Oct 18, 2022 Listed by Rawding Realty $775,000
Listed by Rawding Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 163,350
  • Total Building Area: 2,501
  • Gross Building Area: 4,494
  • Building Area: 2,501
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,501
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003750
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Millis School District
  • School Tax School District: MILLIS SD
  • Census Tract: 407102

Geography

  • Parcel: MILL M:039 B:0000041
  • Block: 41
  • Municipality: MILLIS
  • Latitude: 42.1503
  • Longitude: -71.3542

    Address

  • Full Address: 118 Norfolk Rd
  • Address - House Number: 118
  • Address - Street Name: Norfolk
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Millis
  • Carrier Code: R007
  • 4-Digit Zip Code: 1724
  • Zip Code: 02054

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,056,100

    Appraisal Valuation

  • Standard Deviation: 0.1598
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 779,312
  • High Value: 903,902
  • Low Value: 654,722

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $643,200
  • Assessed Land Value: $237,800
  • Assessed Improvements Value: $405,400

    Sales

  • Current Sale Contract Date: Dec 15, 2022
  • Current Sale Recording Date: Dec 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 105252

    Financing

  • First Mortgage Financing Type: ADJ
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

$431

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2622 ft²

Average Home Age

59.7 years

Currently For Sale

1308 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73049384

Frequently Asked Questions

When was property at 118 Norfolk Road built and last sold?
The property at 118 Norfolk Road was built in 2002 and last sold on Dec 15, 2022 for $750,000.
How much is this home worth?
The estimated value of the home located at 118 Norfolk Road is $797,532.
What are some comparable homes to 118 Norfolk Road?
There are currently no comparable homes to 118 Norfolk Road.
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