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Norfolk 02081
16 Ridge Road
$902,000
● House - Off Market

16 Ridge Road

Walpole, MA 02081
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,392 Ft²
$834,829
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Accepted offer! Open house cancelled!Beautiful colonial home perched on Ridge Road. Renovated kitchen with white cabinets, work station, granite countertops, tile backsplash, dining area, farmer's sink, breakfast bar, stainless steel appliances. Spacious family room. Living room with brick fireplace and exposed beam ceiling. Main suite with marble floor and shower, walk in closet with attic access. Hardwood floor throughout. Open concept floor plan. Large screened in deck off the living room is ideal for summer time entertaining. Partially finished lower level offers a game room and play / workout area with recessed lights, surround sound and walk out to backyard. New windows throughout. Newly opened up backyard with fire pit area and playset.
Unit Size
2,392 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$334
Property Type
House
Property Taxes
$750
HOA Dues
-
Year Built
1976

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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 #72988984)

Price History

Date / Event Date Event Price
Aug 26, 2022 Sold
Premium
Sold
May 31, 2022 Listed by Gibson Sotheby's International Realty $799,000
Listed by Gibson Sotheby's International Realty
Mar 11, 2016 Sold
Premium
Sold
Jan 19, 2016 Listed by Gibson Sotheby's International Realty $549,900
Listed by Gibson Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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
  • 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: 40,048
  • Total Building Area: 1,926
  • Gross Building Area: 3,702
  • Building Area: 1,926
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,926
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000919
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Walpole School District
  • Census Tract: 411301

Geography

  • Account Number: B040410006
  • District: 307
  • Parcel: WALP M:00011 B:00168 L:00000
  • Block: 168
  • Municipality: WALPOLE
  • Latitude: 42.173
  • Longitude: -71.271

    Address

  • Full Address: 16 Ridge Rd
  • Address - House Number: 16
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Walpole
  • Carrier Code: R001
  • 4-Digit Zip Code: 2111
  • Zip Code: 02081

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,071,900

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 896,581
  • High Value: 1,054,019
  • Low Value: 739,144

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $810,800
  • Assessed Land Value: $396,400
  • Assessed Improvements Value: $414,400

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Aug 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1509208
  • Previous Sale Recording Date: Mar 11, 2016
  • Previous Sale Amount: $550,900
  • 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

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2629 ft²

Average Home Age

59.8 years

Currently For Sale

1318 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72988984

Frequently Asked Questions

When was property at 16 Ridge Road built and last sold?
The property at 16 Ridge Road was built in 1976 and last sold on Aug 15, 2022 for $902,000.
How much is this home worth?
The estimated value of the home located at 16 Ridge Road is $821,193.
What are some comparable homes to 16 Ridge Road?
There are currently no comparable homes to 16 Ridge Road.
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