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Norfolk 02081
2 Highland Lake Drive
$507,000
● House - Off Market

2 Highland Lake Drive

Walpole, MA 02081
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,208 Ft²
$750,399
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

Charming Cape with Two Car Garage Situated on .88 Acres Features Brand New Septic System, Newer Replacement Windows, Newer Vinyl Siding, New Driveway, Young Roof, Interior Recently Painted, Granite Kitchen with Tile Backsplash, Grand Cathedral Ceiling Family Room with Pellet Stove Which Leads to Screen Porch Overlooking Woods, Brick Front Walkway, Central Air, Fireplaced Living Room, Formal Dining Room, First Floor Office/Bedroom, First Floor Full Bath with Granite, Spacious Master Bedroom, Town Water. Move in Ready! Great Location Close To Shopping, Schools and Major Routes.
Unit Size
2,208 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$235
Property Type
House
Property Taxes
$579
HOA Dues
-
Year Built
1978

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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 #72433474)

Price History

Date / Event Date Event Price
Apr 19, 2019 Sold
Premium
Sold
Dec 17, 2018 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $519,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 38,422
  • Total Building Area: 2,208
  • Gross Building Area: 4,050
  • Building Area: 2,208
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,208
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000882
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Walpole School District
  • Census Tract: 411302

Geography

  • Account Number: E141406005
  • District: 307
  • Parcel: WALP M:00038 B:00043 L:00000
  • Block: 43
  • Municipality: WALPOLE
  • Latitude: 42.1271
  • Longitude: -71.299

    Address

  • Full Address: 2 Highland Lake Dr
  • Address - House Number: 2
  • Address - Street Name: Highland Lake
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Walpole
  • Carrier Code: R005
  • 4-Digit Zip Code: 1202
  • Zip Code: 02081

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $849,300

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 762,946
  • High Value: 893,911
  • Low Value: 631,980

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $642,400
  • Assessed Land Value: $293,100
  • Assessed Improvements Value: $349,300

    Sales

  • Current Sale Contract Date: Apr 06, 2019
  • Current Sale Recording Date: Apr 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28401
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:

$752,900

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2564 ft²

Average Home Age

60.2 years

Currently For Sale

1428 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72433474

Frequently Asked Questions

When was property at 2 Highland Lake Drive built and last sold?
The property at 2 Highland Lake Drive was built in 1978 and last sold on Apr 6, 2019 for $507,000.
How much is this home worth?
The estimated value of the home located at 2 Highland Lake Drive is $546,563.
What are some comparable homes to 2 Highland Lake Drive?
There are currently no comparable homes to 2 Highland Lake Drive.
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