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Pocasset 02559
15 Michael Rd
$575,000
● House - Off Market

15 Michael Rd

Bourne, MA 02559
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,872 Ft²
$639,428
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Previous buyers' home sale contingency didn't work out--back on the market and ready for you to move on in! This newly renovated home has had everything done from top to bottom!  All the major items from your brand new roof and gutters, new windows, new energy efficient water heater and gas boiler, and updated plumbing have been completed.  Cross off those projects you find at other homes, because this one has a new kitchen--from quartz counters to updated cabinets and stainless steel appliances; 2 new bathrooms, fresh paint inside and out, and new flooring throughout.  In addition to having everything done for you, this home is in a great location 4 minutes from the beach, less than 10 minutes from the Bourne Bridge, and in a neighborhood that backs up to a golf course.
Unit Size
1,872 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$334
Property Type
House
Property Taxes
$363
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 #72980540)

Price History

Date / Event Date Event Price
Jul 12, 2022 Sold
Premium
Sold
May 12, 2022 Listed by Greer Real Estate, LLC $625,000
Listed by Greer Real Estate, LLC
Jul 19, 2005 Sold
Premium
Sold
Mar 20, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 2021
  • 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: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 20,299
  • Total Building Area: 2,032
  • Gross Building Area: 3,432
  • Building Area: 2,032
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,032
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000466
  • 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: 8959
  • Parcel: BOUR M:43.0 P:28
  • Municipality: BOURNE
  • Latitude: 41.6924
  • Longitude: -70.609

    Address

  • Full Address: 15 Michael Rd
  • Address - House Number: 15
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Pocasset
  • Carrier Code: R001
  • 4-Digit Zip Code: 2103
  • Zip Code: 02559

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $520,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2315
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 732,399
  • High Value: 902,014
  • Low Value: 562,784

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $649,300
  • Assessed Land Value: $213,300
  • Assessed Improvements Value: $436,000

    Sales

  • Current Sale Contract Date: Jul 12, 2022
  • Current Sale Recording Date: Jul 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35214
  • Previous Sale Recording Date: Jul 19, 2005
  • Previous Sale Amount: $319,000
  • 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:

$715,000

Sale Price/ft²

$535

Below Asking

0.02%

Average Days on Market

63

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72980540

Frequently Asked Questions

When was property at 15 Michael Road built and last sold?
The property at 15 Michael Road was built in 1986 and last sold on Jul 12, 2022 for $575,000.
How much is this home worth?
The estimated value of the home located at 15 Michael Road is $645,643.
What are some comparable homes to 15 Michael Road?
There are currently no comparable homes to 15 Michael Road.
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