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Norfolk
2 Lee Lane
$345,000
● House - Off Market

2 Lee Lane

Medway, MA 02053
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,257 Ft²
$513,625
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Absolutely Adorable and Well-Loved 3 bedroom Ranch style home surrounded by lush garden oasis.  Enjoy the bright sun room and relax on the nice sized deck, perfect for outside lunches.  Hardwoods on the main floor. Updates include roof, chimneys and bathroom.. Located in a nice neighborhood setting close to shops, desirable Medway schools, Senior Center, quaint restaurants, and Historic Medway Center. Don't miss out on this lovely home! Deferred showings until Open House Sunday, May 19th 12-2pm.
Unit Size
1,257 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$278
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1960

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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: 4 months ago (MLSPIN #72503060)

Price History

Date / Event Date Event Price
Jul 17, 2019 Sold
Premium
Sold
May 18, 2019 Listed by Conway - Mansfield $350,000
Listed by Conway - Mansfield
Oct 6, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 6
  • Basement Area: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,012
  • Gross Building Area: 2,312
  • Building Area: 1,012
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,012
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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: ARII

Geography

  • Account Number: 6-188
  • Parcel: MEDW M:32 B:046
  • Block: 46
  • Municipality: MEDWAY
  • Latitude: 42.1553
  • Longitude: -71.3989

    Address

  • Full Address: 2 Lee Ln
  • Address - House Number: 2
  • Address - Street Name: Lee
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Medway
  • Carrier Code: C003
  • 4-Digit Zip Code: 1713
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $599,000

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 481,474
  • High Value: 570,080
  • Low Value: 392,867

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,800
  • Assessed Land Value: $234,700
  • Assessed Improvements Value: $141,100

    Sales

  • Current Sale Contract Date: Jul 17, 2019
  • Current Sale Recording Date: Jul 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59682
  • Previous Sale Recording Date: Oct 06, 1994
  • Previous Sale Amount: $136,000
  • 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 Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2595 ft²

Average Home Age

59.5 years

Currently For Sale

1358 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: 4 months ago
Data Source: MLS PIN, MLS# 72503060

Frequently Asked Questions

When was property at 2 Lee Lane built and last sold?
The property at 2 Lee Lane was built in 1960 and last sold on Jul 17, 2019 for $345,000.
How much is this home worth?
The estimated value of the home located at 2 Lee Lane is $362,910.
What are some comparable homes to 2 Lee Lane?
There are currently no comparable homes to 2 Lee Lane.
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