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Pocasset 02559
12 Observatory Ln
$380,000
● House - Off Market

12 Observatory Ln

Bourne, MA 02559
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$418,648
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

2 bedroom 1 bath raised ranch built in 1973 situated on a side road in Pocasset, MA. Home offers 2 bedrooms and an office on the main floor and an open concept living/dining kitchen area. Partial finished walk out basement which could be transformed into a variety of spaces. Kitchen, bathroom and window updates done in 2017. A new deck and septic system were installed earlier this year. Home is ready to be made your own and enjoy all things living on Cape Cod have to offer. All room sizes are approximates. Open house Saturday 11/13/2021 and showings available via showing time starting 11/11.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$380
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1973

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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 years ago (MLSPIN #72918749)

Price History

Date / Event Date Event Price
Dec 15, 2021 Sold
Premium
Sold
Nov 10, 2021 Listed by Donahue Real Estate Co. $380,000
Listed by Donahue Real Estate Co.
Aug 10, 1983 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 12,894
  • Total Building Area: 1,584
  • Gross Building Area: 2,732
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000296
  • 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: 8424
  • Parcel: BOUR M:39.0 P:34
  • Municipality: BOURNE
  • Latitude: 41.6966
  • Longitude: -70.6027

    Address

  • Full Address: 12 Observatory Ln
  • Address - House Number: 12
  • Address - Street Name: Observatory
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Pocasset
  • Carrier Code: R002
  • 4-Digit Zip Code: 1924
  • Zip Code: 02559

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $326,800

    Appraisal Valuation

  • Standard Deviation: 0.2258
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 68
  • Final Value: 576,108
  • High Value: 706,230
  • Low Value: 445,986

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $407,500
  • Assessed Land Value: $173,900
  • Assessed Improvements Value: $233,600

    Sales

  • Current Sale Contract Date: Dec 15, 2021
  • Current Sale Recording Date: Dec 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 81308
  • Previous Sale Recording Date: Aug 10, 1983
  • Previous Sale Amount: $57,500
  • 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:

$725,000

Sale Price/ft²

$535

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2356 ft²

Average Home Age

46.8 years

Currently For Sale

12 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# 72918749

Frequently Asked Questions

When was property at 12 Observatory Lane built and last sold?
The property at 12 Observatory Lane was built in 1973 and last sold on Dec 15, 2021 for $380,000.
How much is this home worth?
The estimated value of the home located at 12 Observatory Lane is $384,576.
What are some comparable homes to 12 Observatory Lane?
There are currently no comparable homes to 12 Observatory Lane.
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