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Norfolk
2 Shady Lane
$500,000
● House - Off Market

2 Shady Lane

Medway, MA 02053
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,108 Ft²
$992,305
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

Attractive and well maintained Hip Roof Colonial on quiet cul-de-sac. Recent updates include roof,Brazillian Cherry hardwood in living,dining and family room, new Buderus heating system, updated kitchen/foyer tile flooring. Two story Family Rm with fireplace/Wood Stove Insert. Large Master suite with cathedral ceilings,fireplace, master bath with Jacuzzi and skylights, marble counter tops.1st floor laundry with W/D included! Prof landscaping,Japanese garden,many perennial gardens, and hot tub!
Unit Size
3,108 Ft²
Days on Market
-
Land Size
1.22 acres
Price per sqft
$164
Property Type
House
Property Taxes
$716
HOA Dues
-
Year Built
1987

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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 months ago (MLSPIN #71495464)

Price History

Date / Event Date Event Price
Aug 16, 2013 Sold
Premium
Sold
Mar 18, 2013 Listed by RE/MAX Executive Realty $509,999
Listed by RE/MAX Executive Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,208
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,056
  • Total Building Area: 3,035
  • Gross Building Area: 5,168
  • Building Area: 3,035
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,035
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001218
  • 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: 408103

Zoning

  • Zoning: AR-I

Geography

  • Account Number: Jan 01, 1970
  • Parcel: MEDW M:26 B:030
  • Block: 30
  • Municipality: MEDWAY
  • Latitude: 42.155
  • Longitude: -71.4664

    Address

  • Full Address: 2 Shady Ln
  • Address - House Number: 2
  • Address - Street Name: Shady
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Medway
  • Carrier Code: R001
  • 4-Digit Zip Code: 2264
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,068,900

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 904,985
  • High Value: 1,045,149
  • Low Value: 764,822

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $670,600
  • Assessed Land Value: $310,400
  • Assessed Improvements Value: $360,200

    Sales

  • Current Sale Recording Date: Aug 16, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000129
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

2529 ft²

Average Home Age

60.6 years

Currently For Sale

1465 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: 5 months ago
Data Source: MLS PIN, MLS# 71495464

Frequently Asked Questions

When was property at 2 Shady Lane built and last sold?
The property at 2 Shady Lane was built in 1987 and last sold on Jan 1, 1970 for $500,000.
How much is this home worth?
The estimated value of the home located at 2 Shady Lane is $556,710.
What are some comparable homes to 2 Shady Lane?
There are currently no comparable homes to 2 Shady Lane.
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