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Mashpee Neck 02649
2 Ships Wheel Dr
$365,000
● House - Off Market

2 Ships Wheel Dr

Mashpee, MA 02649
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$492,689
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Great Location!  Updated 3 Bedroom and 2 bath ranch home on large corner lot of Ships Wheel & Mashpee Neck Road.  At end of Mashpee Neck Rd. is a Marina, Town Dock, Town Boat Landing with kayak/canoe racks & walking trails through the Mashpee River Woodlands.  Easy boating access to Martha's Vineyard.   Large Fenced-in  back yard with newer Azek deck.  Wood floors throughout.  Master bedroom and bath.  Home just completely painted inside as well as the front of home.  New tile floors and vanities in the two full bathrooms. Partially finished basement. Short five minute drive to Mashpee Commons for Super Stop & shop, many restaurants, many upscale stores, theater, bowling bistro, & newer library. Short drive to South Cape Beach overlooking Martha's Vineyard.  Great year-round or summer home.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$355
Property Type
House
Property Taxes
$194
HOA Dues
-
Year Built
1985

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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 months ago (MLSPIN #72702359)

Price History

Date / Event Date Event Price
Dec 23, 2020 Sold
Premium
Sold
Aug 2, 2020 Listed by Kinlin Grover Real Estate $375,000
Listed by Kinlin Grover Real Estate
Apr 15, 2005 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 2,112
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,367
  • Total Building Area: 1,056
  • Gross Building Area: 3,322
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000238
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Mashpee School District
  • School Tax School District: MASHPEE SD
  • Census Tract: 015100

Zoning

  • Zoning: R3

Geography

  • Account Number: 5577
  • Parcel: MASH M:76 B:10 L:0
  • Block: 10
  • Municipality: MASHPEE
  • Latitude: 41.6185
  • Longitude: -70.4694

    Address

  • Full Address: 2 Ships Wheel Dr
  • Address - House Number: 2
  • Address - Street Name: Ships Wheel
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Mashpee
  • Carrier Code: R004
  • 4-Digit Zip Code: 3512
  • Zip Code: 02649

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $265,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $379,200
  • Assessed Land Value: $158,700
  • Assessed Improvements Value: $220,500

    Sales

  • Current Sale Contract Date: Dec 14, 2020
  • Current Sale Recording Date: Dec 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 73631
  • Previous Sale Recording Date: Apr 15, 2005
  • Previous Sale Amount: $312,000
  • 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 Mashpee Neck

Stats & Trends

Median Asking:

$1,195,000

Sale Price/ft²

$520

Below Asking

0.01%

Average Days on Market

59

Average Home Size

4117 ft²

Average Home Age

21.3 years

Currently For Sale

4 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: 4 months ago
Data Source: MLS PIN, MLS# 72702359

Frequently Asked Questions

When was property at 2 Ships Wheel Drive built and last sold?
The property at 2 Ships Wheel Drive was built in 1985 and last sold on Dec 14, 2020 for $365,000.
How much is this home worth?
The estimated value of the home located at 2 Ships Wheel Drive is $388,035.
What are some comparable homes to 2 Ships Wheel Drive?
There are currently no comparable homes to 2 Ships Wheel Drive.
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