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Barnstable Town 02648
198 Race Ln
$300,000
● House - Off Market

198 Race Ln

Barnstable, MA 02648
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$438,957
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Here is your chance for a Cape Escape, starter or downsizing Opportunity! This charming Ranch is not your usual cookie cutter style! Expanded Living Room with a Vaulted, Skylit Ceiling and Master Bedroom and private bath also with a Vaulted, Skylit Ceiling. 2nd Bedroom and full bath on the other side of house. Beautiful, expansive lot of .68 of an Acre. Gas hot water heat. Title V Septic in hand for 3 bedrooms may allow expansion. Oversized one car garage with plenty of work space. House does need some TLC, exterior paint, some trim replacement, etc and will most likely not pass FHA/VA type loans. House will be sold ''As Is'' Taxes are based on the residential exemption. All dimensions/info to be verified by Buyer/Buyer Agent.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$250
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1970

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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: 5 months ago (MLSPIN #72540551)

Price History

Date / Event Date Event Price
Sep 18, 2019 Sold
Premium
Sold
Jul 25, 2019 Listed by Oceanside Realty Group, Inc. $299,500
Listed by Oceanside Realty Group, Inc.
Apr 15, 1983 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 29,621
  • Total Building Area: 1,200
  • Gross Building Area: 3,052
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000680
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Barnstable School District
  • Census Tract: 013100

Zoning

  • Zoning: 1

Geography

  • Account Number: 86775
  • Parcel: MMIL M:150 L:037
  • Lot: 37
  • Municipality: MARSTONS MILLS
  • Latitude: 41.6766
  • Longitude: -70.3812

    Address

  • Full Address: 198 Race Ln
  • Address - House Number: 198
  • Address - Street Name: Race
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Marstons Mills
  • Carrier Code: R004
  • 4-Digit Zip Code: 2128
  • Zip Code: 02648

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $365,700
  • Initial Tax Delinquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.2036
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 536,378
  • High Value: 661,076
  • Low Value: 411,679

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $468,200
  • Assessed Land Value: $169,000
  • Assessed Improvements Value: $299,200

    Sales

  • Current Sale Contract Date: Sep 18, 2019
  • Current Sale Recording Date: Sep 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 45247
  • Previous Sale Recording Date: Apr 15, 1983
  • Previous Sale Amount: $56,000
  • 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 Barnstable Town

Stats & Trends

Median Asking:

$745,000

Sale Price/ft²

$476

Above Asking

2.08%

Average Days on Market

64

Average Home Size

2698 ft²

Average Home Age

62 years

Currently For Sale

169 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# 72540551

Frequently Asked Questions

When was property at 198 Race Lane built and last sold?
The property at 198 Race Lane was built in 1970 and last sold on Sep 18, 2019 for $300,000.
How much is this home worth?
The estimated value of the home located at 198 Race Lane is $318,442.
What are some comparable homes to 198 Race Lane?
There are currently no comparable homes to 198 Race Lane.
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