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Milford 01757
Lot 17 Cedar St ( Rt 85)
$600,000
● Land - Off Market

Lot 17 Cedar St ( Rt 85)

Milford, MA 01757
bedrooms
Studio
bathrooms
0 Bath
$3,382
Est. Monthly

About This Property

Now Available !!  Location, Location Location  The Site was originally permitted  for a Goodyear Tire Store with a building size of 7,500 +sf Building. This site lends itself to major exposure from  Rt 495, its ramp and Rt 85 Frontage. Zoned IB, it lends itself to a variety of allowed uses. From straight Retail to Restaurant, to Car sales to Warehouse, the uses are multiple. Joining the just recent installed Restaurant Depot and the two(2) new 242 unit apartment complexes now under Construction yards away, lets not forget the national Tenants located across the street, this location will be a key parcel for any future user's growth. Water/ Sewer / Gas at the street. Rear Access to the site is near Wendy's. One of the last remaining permitted building sites around the 495 + Rt 85 connector.
Unit Size
-
Days on Market
-
Land Size
1.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$435
HOA Dues
-
Year Built
1880

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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: 5 months ago (MLSPIN #72925648)

Price History

Date / Event Date Event Price
Dec 22, 2023 Sold
Premium
Sold
Dec 6, 2021 Listed by Century 21 The Real Estate Group $600,000
Listed by Century 21 The Real Estate Group
Apr 28, 2000 Sold
Premium
Sold
Jul 24, 1991 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 939
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 17,999
  • Total Building Area: 1,743
  • Gross Building Area: 2,890
  • Building Area: 1,743
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,743
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000413
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Milford School District
  • School Tax School District: MILFORD SD
  • Census Tract: 744202

Zoning

  • Zoning: RB

Geography

  • Parcel: MILF M:33 B:000 L:98
  • Lot: 98
  • Municipality: MILFORD
  • Latitude: 42.1502
  • Longitude: -71.51

    Address

  • Full Address: 17 Cedar St
  • Address - House Number: 17
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MA
  • City Name: Milford
  • Carrier Code: C022
  • 4-Digit Zip Code: 1601
  • Zip Code: 01757

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $477,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0859
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 93
  • Final Value: 526,125
  • High Value: 571,331
  • Low Value: 480,919

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $359,600
  • Assessed Land Value: $154,500
  • Assessed Improvements Value: $205,100

    Sales

  • Current Sale Recording Date: Apr 28, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 24, 1991
  • Previous Sale Amount: $96,500
  • 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 Milford

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$293

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1826 ft²

Average Home Age

60.4 years

Currently For Sale

44 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: 5 months ago
Data Source: MLS PIN, MLS# 72925648

Frequently Asked Questions

When was property at 17 Cedar Street built and last sold?
The property at 17 Cedar Street was built in 1880 and last sold on Jan 1, 1970 for $136,500.
How much is this home worth?
The estimated value of the home located at 17 Cedar Street is $606,000.
What are some comparable homes to 17 Cedar Street?
There are currently no comparable homes to 17 Cedar Street.
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