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Norfolk
159 Summer Street
$410,000
● House - Off Market

159 Summer Street

Medway, MA 02053
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,675 Ft²
$650,324
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Welcome Home.  Beautiful Custom Contemporary 3 Bedroom 2 Full Bath Home. Open Floor Plan, Vaulted Ceilings. Natural Gas Heat.  Town Sewer.  Deck overlooking the private scenic back yard.   Hardwood Flooring throughout First Floor. Tile in Bathrooms and Foyer. Living Room with Gas Fireplace.  Master Bedroom Retreat with Walk In Closet, Full Bath with Jacuzzi Tub, Shower Stall, Double Vanity. Family Room & Laundry Room in the Walk Out Finished Lower Level.  Enjoy the Summer Evenings on the Deck over looking the serene backyard. Central Air. Vinyl Siding. Two Car Garage. Pristine Condition. Award Winning Schools. Great Commuter Location. Open House this Sunday July 8th 11 am - 1 pm.
Unit Size
1,675 Ft²
Days on Market
-
Land Size
1.31 acres
Price per sqft
$257
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1997

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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 #72357043)

Price History

Date / Event Date Event Price
Sep 14, 2018 Sold
Premium
Sold
Jul 3, 2018 Listed by Northeast Signature Properties, LLC $429,900
Listed by Northeast Signature Properties, LLC
Oct 6, 2003 Sold
Premium
Sold
Feb 20, 2003 Sold
Premium
Sold
Dec 14, 2002 Listed by Northeast Signature Properties, LLC $339,900
Listed by Northeast Signature Properties, LLC
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,176
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 56,846
  • Total Building Area: 1,225
  • Gross Building Area: 2,593
  • Building Area: 1,225
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,225
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001305
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medway School District
  • School Tax School District: MEDWAY SD
  • Census Tract: 408103

Zoning

  • Zoning: AR-I

Geography

  • Account Number: Jan 01, 1970
  • Parcel: MEDW M:06 B:025
  • Block: 25
  • Municipality: MEDWAY
  • Latitude: 42.1725
  • Longitude: -71.4447

    Address

  • Full Address: 159 Summer St
  • Address - House Number: 159
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Medway
  • Carrier Code: R004
  • 4-Digit Zip Code: 6114
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $827,100

    Appraisal Valuation

  • Standard Deviation: 0.1507
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 642,275
  • High Value: 739,107
  • Low Value: 545,443

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $518,900
  • Assessed Land Value: $245,400
  • Assessed Improvements Value: $273,500

    Sales

  • Current Sale Recording Date: Sep 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 82561
  • Previous Sale Recording Date: Oct 06, 2003
  • Previous Sale Amount: $364,400
  • 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 Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2583 ft²

Average Home Age

59.8 years

Currently For Sale

1388 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: 4 months ago
Data Source: MLS PIN, MLS# 72357043

Frequently Asked Questions

When was property at 159 Summer Street built and last sold?
The property at 159 Summer Street was built in 1997 and last sold on Jan 1, 1970 for $410,000.
How much is this home worth?
The estimated value of the home located at 159 Summer Street is $448,780.
What are some comparable homes to 159 Summer Street?
There are currently no comparable homes to 159 Summer Street.
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