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Norwood 02062
16 Springvale
$825,375
● House - Off Market

16 Springvale

Norwood, MA 02062
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,018 Ft²
$785,377
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Meticulously maintained! Welcome to 16 Springvale where the feeling of home greets you at the front door. Sitting in one of the most desirable neighborhoods in Norwood, this home boasts 4 great size bedrooms, and 2.5 baths. A master en suite built in 1999 can also be used as a flex space for an office or "in law" type set up. First floor contains eat in kitchen, dining, formal living with fireplace, half bath, den, and a 3 seasons porch with access to back yard with brick patio. Room for expansion in heated basement. Hardwood floors throughout. Central gas heat and central air new 2016. Roof 2017. Hot water tank 2018. New Gutters 2020. Close proximity to schools, train, town center, highway, and shopping! No showings until first open house Saturday March 19th 1:30PM-3PM
Unit Size
2,018 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$384
Property Type
House
Property Taxes
$491
HOA Dues
-
Year Built
1960

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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 #72954566)

Price History

Date / Event Date Event Price
May 18, 2022 Sold
Premium
Sold
Mar 17, 2022 Listed by Coldwell Banker Realty - Westwood $775,000
Listed by Coldwell Banker Realty - Westwood

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 9
  • 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: 15,228
  • Total Building Area: 2,018
  • Gross Building Area: 3,424
  • Building Area: 2,018
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,018
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Norwood School District
  • School Tax School District: NORWOOD SD
  • Census Tract: 413202

Geography

  • Parcel: NORW M:00014 B:00016 L:00070
  • Block: 16
  • Lot: 70
  • Municipality: NORWOOD
  • Latitude: 42.2044
  • Longitude: -71.2027

    Address

  • Full Address: 16 Springvale Rd
  • Address - House Number: 16
  • Address - Street Name: Springvale
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Norwood
  • Carrier Code: C034
  • 4-Digit Zip Code: 1551
  • Zip Code: 02062

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $716,600

    Appraisal Valuation

  • Standard Deviation: 0.172
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 823,278
  • High Value: 964,903
  • Low Value: 681,653

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $684,400
  • Assessed Land Value: $311,300
  • Assessed Improvements Value: $373,100

    Sales

  • Current Sale Contract Date: May 18, 2022
  • Current Sale Recording Date: May 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 43642
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 Norwood

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$427

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2212 ft²

Average Home Age

64.7 years

Currently For Sale

39 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# 72954566

Frequently Asked Questions

When was property at 16 Springvale Road built and last sold?
The property at 16 Springvale Road was built in 1960 and last sold on May 18, 2022 for $825,375.
How much is this home worth?
The estimated value of the home located at 16 Springvale Road is $787,321.
What are some comparable homes to 16 Springvale Road?
There are currently no comparable homes to 16 Springvale Road.
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