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New Bedford 02745
1589 Phillips Rd.
$399,900
● House - Off Market

1589 Phillips Rd.

New Bedford, MA 02745
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,848 Ft²
$508,688
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

TO BE BUILT! Beautiful Colonial with 3 bedrooms and 2.5 bathrooms, 2 car garage with walkout basement. First floor features a lovely kitchen with island. The large living area is just off to the kitchen. A pleasant surprise is the separate laundry room and extra den/ family room with options for its use. A half bath completes this level. Second floor boasts a large master bedroom with walk in closet and private master bath. Two additional good size bedrooms each with their own walk in closet and an additional full bathroom can be found on this level. Granite, fully applianced kitchen, central air, town water/sewer/gas, and large yard. Details available through list office. Don't miss out on this quality built home!
Unit Size
1,848 Ft²
Days on Market
-
Land Size
0.98 acres
Price per sqft
$216
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 #72683771)

Price History

Date / Event Date Event Price
Feb 28, 2022 Sold
Premium
Sold
Feb 1, 2021 Sold
Premium
Sold
Jul 1, 2020 Listed by EXIT Sunshine Realty $399,900
Listed by EXIT Sunshine Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,064
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,606
  • Total Building Area: 1,904
  • Gross Building Area: 3,272
  • Building Area: 1,904
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,904
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000978
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: New Bedford School District
  • Census Tract: 650102

Zoning

  • Zoning: RA

Geography

  • Account Number: 37167
  • Parcel: NEWB M:0134 L:0459
  • Lot: 459
  • Municipality: NEW BEDFORD
  • Latitude: 41.7118
  • Longitude: -70.9479

    Address

  • Full Address: 1589 Phillips Rd
  • Address - House Number: 1589
  • Address - Street Name: Phillips
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: New Bedford
  • Carrier Code: C018
  • 4-Digit Zip Code: 2011
  • Zip Code: 02745

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $723,800

    Appraisal Valuation

  • Standard Deviation: 0.1332
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 84
  • Final Value: 638,385
  • High Value: 723,459
  • Low Value: 553,312

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $603,200
  • Assessed Land Value: $245,400
  • Assessed Improvements Value: $357,800

    Sales

  • Current Sale Recording Date: Feb 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 132467
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 New Bedford

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$274

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2236 ft²

Average Home Age

98.9 years

Currently For Sale

177 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# 72683771

Frequently Asked Questions

When was property at 1589 Phillips Road built and last sold?
The property at 1589 Phillips Road was built in 2020 and last sold on Jan 1, 1970 for $63,583.
How much is this home worth?
The estimated value of the home located at 1589 Phillips Road is $0.
What are some comparable homes to 1589 Phillips Road?
There are currently no comparable homes to 1589 Phillips Road.
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