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Norfolk
15 Oak View Trail
$210,000
● Land - Off Market

15 Oak View Trail

Norfolk, MA 02056
bedrooms
Studio
bathrooms
0 Bath
$322,335
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

SUPER opporunity to build a new home!  This is the last lot to be built on Oak View Trail amidst other beautiful recent new homes in the $700 - $900 K range.  This 1.45 acre wooded lots offers wonderful privacy on a cul-de-sac setting in one of Norfolk most desirable areas - Pheasant Hill Estates.  Ideal for a builder looking to build a new home in the $800K range or for someone looking to build their dream home in an already established neighborhood.  Attached documents include the Approved Definitive Subdivision Plan endorsed on Feb 9, 2016 and the Soil Suitability Assessment for On-Site Sewage Disposal.  Buyer responsible for all Due Diligence and permitting of building plans.
Unit Size
-
Days on Market
-
Land Size
1.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$306
HOA Dues
-
Year Built
2021

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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 #72594573)

Price History

Date / Event Date Event Price
Nov 19, 2021 Sold
Premium
Sold
Sep 30, 2021 Listed by Berkshire Hathaway HomeServices Page Realty $989,900
Listed by Berkshire Hathaway HomeServices Page Realty
Jun 30, 2020 Sold
Premium
Sold
Nov 20, 2019 Listed by Berkshire Hathaway HomeServices Page Realty $229,900
Listed by Berkshire Hathaway HomeServices Page Realty

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 63,276
  • Total Building Area: 3,079
  • Gross Building Area: 6,835
  • Building Area: 3,079
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,079
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001453
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • Census Tract: 409102

Geography

  • Parcel: NORF M:0013 B:0046 L:0268
  • Block: 46
  • Lot: 268
  • Municipality: NORFOLK
  • Latitude: 42.1041
  • Longitude: -71.3406

    Address

  • Full Address: 15 Oakview Trl
  • Address - House Number: 15
  • Address - Street Name: Oakview
  • Address - Suffix Type: Trl
  • State: MA
  • City Name: Norfolk
  • Carrier Code: R005
  • 4-Digit Zip Code: 1769
  • Zip Code: 02056

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,335,800

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 998,862
  • High Value: 1,153,565
  • Low Value: 844,159

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $857,900
  • Assessed Land Value: $244,900
  • Assessed Improvements Value: $613,000

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 146790
  • Previous Sale Recording Date: Jun 30, 2020
  • Previous Sale Contract Date: Jun 03, 2020
  • Previous Sale Amount: $210,000
  • 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

$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# 72594573

Frequently Asked Questions

When was property at 15 Oak View Trail built and last sold?
The property at 15 Oak View Trail was built in 2021 and last sold on Nov 19, 2021 for $989,900.
How much is this home worth?
The estimated value of the home located at 15 Oak View Trail is $1,024,647.
What are some comparable homes to 15 Oak View Trail?
There are currently no comparable homes to 15 Oak View Trail.
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