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North Westport 02790
2 Cheryl's Way
$500,000
● House - Off Market

2 Cheryl's Way

Westport, MA 02790
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,308 Ft²
$641,396
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

A unique, rare find in the highly desirable Westport area.  This 1.48 acre multi-purpose residential/commercial property is ideally set up for a buyer looking to operate a business close to home or receive an instant rental income.  The existing 1308 sq ft home nestled to the back of the property has 2 bedrooms, 2 full baths, finished basement with gas fireplace, 2 stall garage, new kitchen appliances, new roof, furnace, hot water, and well tank.  The oversized septic is equipped to add to the existing home, add an attached or detached in-law apartment, and/or build a commercial building.  Many options!!  This property is move in ready!!
Unit Size
1,308 Ft²
Days on Market
-
Land Size
1.48 acres
Price per sqft
$436
Property Type
House
Property Taxes
$198
HOA Dues
-
Year Built
1994

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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 years ago (MLSPIN #72798287)

Price History

Date / Event Date Event Price
Oct 29, 2021 Sold
Premium
Sold
Mar 14, 2021 Listed by Anjos Realty Services $569,900
Listed by Anjos Realty Services
Sep 15, 2003 Sold
Premium
Sold
Aug 13, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • 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: 7
  • Basement Area: 1,092
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 64,427
  • Total Building Area: 1,092
  • Gross Building Area: 3,159
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001479
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Westport School District
  • School Tax School District: WESTPORT SD
  • Census Tract: 646101

Zoning

  • Zoning: R1

Geography

  • Account Number: 2574
  • Parcel: WPOR M:28 L:17C
  • Lot: 17C
  • Municipality: WESTPORT
  • Latitude: 41.6357
  • Longitude: -71.0558

    Address

  • Full Address: 2 Cheryls Way
  • Address - House Number: 2
  • Address - Street Name: Cheryls
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Westport
  • Carrier Code: R007
  • 4-Digit Zip Code: 2640
  • Zip Code: 02790

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $367,700

    Appraisal Valuation

  • Standard Deviation: 0.1642
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 571,382
  • High Value: 665,210
  • Low Value: 477,554

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $475,700
  • Assessed Land Value: $167,400
  • Assessed Improvements Value: $308,300

    Sales

  • Current Sale Contract Date: Oct 29, 2021
  • Current Sale Recording Date: Oct 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32169
  • Previous Sale Recording Date: Sep 15, 2003
  • Previous Sale Amount: $280,000
  • 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 North Westport

Stats & Trends

Median Asking:

$582,500

Sale Price/ft²

$361

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1498 ft²

Average Home Age

76 years

Currently For Sale

14 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 years ago
Data Source: MLS PIN, MLS# 72798287

Frequently Asked Questions

When was property at 2 Cheryl's Way built and last sold?
The property at 2 Cheryl's Way was built in 1994 and last sold on Oct 29, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 2 Cheryl's Way is $572,766.
What are some comparable homes to 2 Cheryl's Way?
There are currently no comparable homes to 2 Cheryl's Way.
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