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Pocasset 02559
2 Spruce Drive
$567,000
● House - Off Market

2 Spruce Drive

Bourne, MA 02559
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,352 Ft²
$848,961
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Stunning 5 bedroom home with deeded beach rights and NOT in a flood zone! Just a short stroll to the desirable Hens Cove Cedar Point Association beach and dock. Impeccably maintained with numerous updates including new boiler and hot water heater, A/C mini splits, kitchen appliances, recessed lighting and whole house generator. Spacious living areas for the whole family including a sun porch, large living room with wood floors and gas fireplace, first floor bedroom, 4 more upstairs including a lovely master with en suite bathroom. Laundry area in basement that also boasts a Precor S3.45 home gym and Hockey Shot synthetic ice flooring. Outside you will find an outdoor shower, deck, irrigation system, shed and 2 car garage. Move in ready just in time to create summer memories on the Cape!
Unit Size
2,352 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$246
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1950

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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 #72529456)

Price History

Date / Event Date Event Price
Aug 27, 2019 Sold
Premium
Sold
Jul 2, 2019 Listed by Rand Atlantic, Inc. $579,000
Listed by Rand Atlantic, Inc.
Mar 3, 2017 Sold
Premium
Sold
Jan 16, 2017 Listed by Rand Atlantic, Inc. $539,900
Listed by Rand Atlantic, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,509
  • Total Building Area: 2,640
  • Gross Building Area: 4,501
  • Building Area: 2,640
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,640
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR POINT COLONY
  • Land Acres: 0000000379
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bourne School District
  • Census Tract: 014002

Zoning

  • Zoning: R40

Geography

  • Account Number: 9641
  • Parcel: BOUR M:43.4 P:107
  • Municipality: BOURNE
  • Latitude: 41.6833
  • Longitude: -70.6147

    Address

  • Full Address: 2 Spruce Dr
  • Address - House Number: 2
  • Address - Street Name: Spruce
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Pocasset
  • Carrier Code: R002
  • 4-Digit Zip Code: 2007
  • Zip Code: 02559

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $716,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2168
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 988,612
  • High Value: 1,203,030
  • Low Value: 774,193

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $893,200
  • Assessed Land Value: $394,900
  • Assessed Improvements Value: $498,300

    Sales

  • Current Sale Contract Date: Aug 26, 2019
  • Current Sale Recording Date: Aug 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40774
  • Previous Sale Recording Date: Mar 03, 2017
  • Previous Sale Amount: $517,000
  • Previous Sale Document Type: O
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 Pocasset

Stats & Trends

Median Asking:

$720,000

Sale Price/ft²

$527

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2277 ft²

Average Home Age

46.2 years

Currently For Sale

13 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# 72529456

Frequently Asked Questions

When was property at 2 Spruce Drive built and last sold?
The property at 2 Spruce Drive was built in 1950 and last sold on Aug 26, 2019 for $567,000.
How much is this home worth?
The estimated value of the home located at 2 Spruce Drive is $582,336.
What are some comparable homes to 2 Spruce Drive?
There are currently no comparable homes to 2 Spruce Drive.
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