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Norfolk
2 Ivy Lane
$554,900
● House - Off Market

2 Ivy Lane

Medway, MA 02053
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,818 Ft²
$1,238,132
RealtyHop Estimate
125.16%
Since Oct 1, 2003
National-US
Primary Model

About This Property

3 YEARS YOUNG & BETTER THAN NEW! LOVELY HOME BOASTS HARDWOOD THRUOUT EXCEPT BRS,16X24 FIREPLACED FR W.BUILT-INS,TWO STORY FOYER,MASTER BATH W.JACUZZI,2ND FL.LAUNDRY,WALK-OUT BASEMENT CENT.AIR,SEC.SYSTEM,CENT.VAC,SPRINK.SYST,MORE! WELCOME HOME!
Unit Size
2,818 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$195
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1999

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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: 4 years ago (MLSPIN #30752376)

Price History

Date / Event Date Event Price
Sep 26, 2003 Sold
Premium
Sold
Aug 1, 2003 Listed by Coldwell Banker Realty - Franklin $549,900
Listed by Coldwell Banker Realty - Franklin
Apr 3, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,265
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,605
  • Total Building Area: 2,683
  • Gross Building Area: 5,011
  • Building Area: 2,683
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,683
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001024
  • 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: Jan 01, 1970
  • Parcel: MEDW M:05 B:007
  • Block: 7
  • Municipality: MEDWAY
  • Latitude: 42.1759
  • Longitude: -71.4065

    Address

  • Full Address: 2 Ivy Ln
  • Address - House Number: 2
  • Address - Street Name: Ivy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Medway
  • Carrier Code: R002
  • 4-Digit Zip Code: 2441
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,187,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 964,277
  • High Value: 1,134,128
  • Low Value: 794,426

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $745,200
  • Assessed Land Value: $309,400
  • Assessed Improvements Value: $435,800

    Sales

  • Current Sale Recording Date: Sep 26, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 03, 2000
  • Previous Sale Amount: $399,971
  • 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:

$750,250

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2516 ft²

Average Home Age

60.7 years

Currently For Sale

1411 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30752376

Frequently Asked Questions

When was property at 2 Ivy Lane built and last sold?
The property at 2 Ivy Lane was built in 1999 and last sold on Jan 1, 1970 for $554,900.
How much is this home worth?
The estimated value of the home located at 2 Ivy Lane is $0.
What are some comparable homes to 2 Ivy Lane?
There are currently no comparable homes to 2 Ivy Lane.
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