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Pocasset 02559
126 Elgin Rd
$623,697
● House - Off Market

126 Elgin Rd

Bourne, MA 02559
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,729 Ft²
$802,517
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Lovingly cared for family vacation retreat of over 30 years in the seaside village of Pocasset. Located in a superb waterfront community of Handy Point Association with access to private sandy beach, dock,  boat launch, and tennis courts. An open concept Cape style home designed for families. Hard wood floor living room & fully applianced kitchen with access to outdoor decks.. Master bed room with vaulted ceilings and private bath.  Two additional large bedrooms and tiled bathroom. Oversize 2 car garage with vaulted ceilings. Mature plantings throughout. A convenient location. Easy access to shops, restaurants, marinas, Brook Harbor and 15 minutes to Bourne Bridge. HOA fee is only $500.00 yearly.
Unit Size
1,729 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$357
Property Type
House
Property Taxes
$399
HOA Dues
$400
Year Built
1984

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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 #72761272)

Price History

Date / Event Date Event Price
Jan 29, 2021 Sold
Premium
Sold
Nov 17, 2020 Listed by The Network Group $618,000
Listed by The Network Group

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,513
  • Total Building Area: 1,729
  • Gross Building Area: 3,577
  • Building Area: 1,729
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,729
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000425
  • 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: 10247
  • Parcel: BOUR M:47.1 P:104
  • Municipality: BOURNE
  • Latitude: 41.6805
  • Longitude: -70.6174

    Address

  • Full Address: 126 Elgin Rd
  • Address - House Number: 126
  • Address - Street Name: Elgin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Pocasset
  • Zip Code: 02559

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $635,200

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 845,509
  • High Value: 1,029,208
  • Low Value: 661,811

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $792,000
  • Assessed Land Value: $401,800
  • Assessed Improvements Value: $390,200

    Sales

  • Current Sale Contract Date: Jan 25, 2021
  • Current Sale Recording Date: Jan 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7209
  • Previous Sale Recording Date: Nov 13, 2015
  • 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

$527

Below Asking

0.02%

Average Days on Market

61

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# 72761272

Frequently Asked Questions

When was property at 126 Elgin Road built and last sold?
The property at 126 Elgin Road was built in 1984 and last sold on Jan 25, 2021 for $623,697.
How much is this home worth?
The estimated value of the home located at 126 Elgin Road is $0.
What are some comparable homes to 126 Elgin Road?
There are currently no comparable homes to 126 Elgin Road.
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