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Norfolk
16 Vernon Rd
Photo of 16 Vernon Rd
Sold on Jan 22, 2007

1

Map

$300,000
● House - Off Market

16 Vernon Rd

Medway, MA 02053
bedrooms
3 Beds
bathrooms
1 Bath
square feet
912 Ft²
$527,630
RealtyHop Estimate
70.26%
Since Feb 1, 2007
National-US
Primary Model

About This Property

BEST VALUE IN TOWN!UPDATED RANCH LOCATED ON A BEAUTIFUL LOT IN A PERFECT NEIGHBORHOOD! Great home for 1ST Time Home Buyer.  Neat, Clean and Updated 3 bedroom ranch features bright eat in kitchen, hardwood flooring in living rm and bedrooms, nicely updated bath with new flooring and vanity, freshly painted interior, updated electrical, BONUS additional space in newly updated lower level, HOME INCLUDES W/D & REFRIG.- Whole house fan, Prog. Thermostat -Beautiful lot features 16x8 Shed & perennials
Unit Size
912 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$340
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1958

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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: 6 months ago (MLSPIN #70423785)

Price History

Date / Event Date Event Price
Aug 6, 2009 Sold
Premium
Sold
Jan 22, 2009 Listed $235,000
Listed
Jan 22, 2007 Sold
Premium
Sold
Jul 15, 2006 Listed $309,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,440
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 1,440
  • Gross Building Area: 3,804
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000430
  • 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: 408104

Zoning

  • Zoning: AR-I

Geography

  • Account Number: 6-396
  • Parcel: MEDW M:42 B:003
  • Block: 3
  • Municipality: MEDWAY
  • Latitude: 42.1539
  • Longitude: -71.394

    Address

  • Full Address: 16 Vernon Rd
  • Address - House Number: 16
  • Address - Street Name: Vernon
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Medway
  • Carrier Code: C005
  • 4-Digit Zip Code: 1318
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $746,600

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 592,841
  • High Value: 684,660
  • Low Value: 501,022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $468,400
  • Assessed Land Value: $238,200
  • Assessed Improvements Value: $230,200

    Sales

  • Current Sale Recording Date: Aug 06, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 89812
  • Previous Sale Recording Date: Jan 22, 2007
  • Previous Sale Amount: $300,000
  • 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

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2532 ft²

Average Home Age

60.6 years

Currently For Sale

1358 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: 6 months ago
Data Source: MLS PIN, MLS# 70423785

Frequently Asked Questions

When was property at 16 Vernon Road built and last sold?
The property at 16 Vernon Road was built in 1958 and last sold on Jan 1, 1970 for $235,000.
How much is this home worth?
The estimated value of the home located at 16 Vernon Road is $254,675.
What are some comparable homes to 16 Vernon Road?
There are currently no comparable homes to 16 Vernon Road.
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