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Norfolk 02067
1197 Bay Rd
$402,000
● House - Off Market

1197 Bay Rd

Sharon, MA 02067
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,916 Ft²
$563,082
RealtyHop Estimate
40.81%
Since Mar 1, 2020
MA-Boston
Primary Model

About This Property

Here is your chance to live in one if the most sought after towns at an affordable price.  This 3 bed 2 bath ranch is move in ready offering hardwood flooring, solar panels which are paid in full, large yard, 2 driveways, finished basement and much much more.  Deceiving home is over 1900 sq ft with the finished basement!  Home has newly plastered ceilings in master bedroom, living room and basement and home will have a brand new septic system by closing!  This affordable home awaits its new family.  Subject to sellers securing suitable housing of their choosing.  Offering Value Range Pricing, Seller will accept offers between $399,900 and $424,900.
Unit Size
1,916 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$209
Property Type
House
Property Taxes
$576
HOA Dues
-
Year Built
1954

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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 #72589908)

Price History

Date / Event Date Event Price
Sep 30, 2021 Sold
Premium
Sold
Jul 27, 2021 Listed by Reliable Realty Group $550,000
Listed by Reliable Realty Group
Feb 20, 2020 Sold
Premium
Sold
Nov 12, 2019 Listed by Reliable Realty Group $399,900
Listed by Reliable Realty Group
May 27, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,076
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,448
  • Total Building Area: 1,316
  • Gross Building Area: 2,537
  • Building Area: 1,316
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,316
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000332
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Sharon School District
  • School Tax School District: SHARON SD
  • Census Tract: 414200

Geography

  • Account Number: 3354
  • District: 266
  • Parcel: SHAR M:075 B:069 L:000
  • Block: 69
  • Municipality: SHARON
  • Latitude: 42.1104
  • Longitude: -71.1338

    Address

  • Full Address: 1197 Bay Rd
  • Address - House Number: 1197
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Sharon
  • Carrier Code: C004
  • 4-Digit Zip Code: 2406
  • Zip Code: 02067

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $946,500

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 642,792
  • High Value: 752,833
  • Low Value: 532,751

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $538,400
  • Assessed Land Value: $309,900
  • Assessed Improvements Value: $228,500

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Sep 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126361
  • Previous Sale Recording Date: Feb 20, 2020
  • Previous Sale Contract Date: Feb 17, 2020
  • Previous Sale Amount: $402,000
  • 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 Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2621 ft²

Average Home Age

59.6 years

Currently For Sale

1323 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# 72589908

Frequently Asked Questions

When was property at 1197 Bay Road built and last sold?
The property at 1197 Bay Road was built in 1954 and last sold on Sep 30, 2021 for $611,000.
How much is this home worth?
The estimated value of the home located at 1197 Bay Road is $573,663.
What are some comparable homes to 1197 Bay Road?
There are currently no comparable homes to 1197 Bay Road.
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