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Norfolk 02054
16 Independence Lane
Photo of 16 Independence Lane
Sold on Nov 30, 2010

1

Map

$313,000
● House - Off Market

16 Independence Lane

Millis, MA 02054
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,980 Ft²
$728,792
RealtyHop Estimate
120.91%
Since Dec 1, 2010
National-US
Primary Model

About This Property

Great family home in super neighborhood!  Sitting on the end of a cul-de-sac with conservation land behind and beside. Eat in Kitchen, formal LR with fireplace & DR rooms. sliders to  Familyroon with Skylites and ceiling fan.  4 spacious bedrooms.  Attic storage space.  Full basement, wash/dryer hookups. Huge deck off back. Carefree vinyl siding.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$167
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 11 months ago (MLSPIN #71126505)

Price History

Date / Event Date Event Price
Dec 1, 2010 Sold
Premium
Sold
Aug 21, 2010 Listed by Era Bay State Realty $329,900
Listed by Era Bay State Realty
May 22, 1992 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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
  • Living Units: 1
  • 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: 24,829
  • Total Building Area: 1,728
  • Gross Building Area: 3,758
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VAZZA PROPERTIES PROP
  • Land Acres: 0000000570
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Millis School District
  • School Tax School District: MILLIS SD
  • Census Tract: 407102

Geography

  • Parcel: MILL M:041 B:0000082
  • Block: 82
  • Municipality: MILLIS
  • Latitude: 42.1419
  • Longitude: -71.3746

    Address

  • Full Address: 16 Independence Ln
  • Address - House Number: 16
  • Address - Street Name: Independence
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Millis
  • Carrier Code: C004
  • 4-Digit Zip Code: 1428
  • Zip Code: 02054

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $922,300

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 690,975
  • High Value: 797,992
  • Low Value: 583,957

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $561,700
  • Assessed Land Value: $187,500
  • Assessed Improvements Value: $374,200

    Sales

  • Current Sale Recording Date: Dec 01, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 126431
  • Previous Sale Recording Date: May 22, 1992
  • Previous Sale Amount: $164,900
  • 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:

$755,450

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2565 ft²

Average Home Age

59.6 years

Currently For Sale

1396 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: 11 months ago
Data Source: MLS PIN, MLS# 71126505

Frequently Asked Questions

When was property at 16 Independence Lane built and last sold?
The property at 16 Independence Lane was built in 1974 and last sold on Jan 1, 1970 for $313,000.
How much is this home worth?
The estimated value of the home located at 16 Independence Lane is $360,130.
What are some comparable homes to 16 Independence Lane?
There are currently no comparable homes to 16 Independence Lane.
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