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Norfolk
2 Walnut Ln.
$570,000
● House - Off Market

2 Walnut Ln.

Medway, MA 02053
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,668 Ft²
$840,885
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

One owner, well cared for 4 bedroom, 3 bathroom Colonial.  This home features eat in kitchen, full dining room, open floor plan, large family room, Master with en-suite.  A back deck that overlooks the beautifully landscaped yard, truly a gardeners paradise.
Unit Size
2,668 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$214
Property Type
House
Property Taxes
$710
HOA Dues
-
Year Built
1998

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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 #72482726)

Price History

Date / Event Date Event Price
May 28, 2019 Sold
Premium
Sold
Apr 12, 2019 Listed by Berkshire Hathaway HomeServices Page Realty $570,000
Listed by Berkshire Hathaway HomeServices Page Realty
Jan 30, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 6
  • Basement Area: 1,260
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,996
  • Total Building Area: 2,668
  • Gross Building Area: 5,268
  • Building Area: 2,668
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,668
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001010
  • 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:16 B:014
  • Block: 14
  • Municipality: MEDWAY
  • Latitude: 42.1669
  • Longitude: -71.4036

    Address

  • Full Address: 2 Walnut Ln
  • Address - House Number: 2
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Medway
  • Carrier Code: R002
  • 4-Digit Zip Code: 1958
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,084,700

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 840,925
  • High Value: 982,514
  • Low Value: 699,337

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $680,500
  • Assessed Land Value: $309,400
  • Assessed Improvements Value: $371,100

    Sales

  • Current Sale Contract Date: May 16, 2019
  • Current Sale Recording Date: May 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40718
  • Previous Sale Recording Date: Jan 30, 1998
  • Previous Sale Amount: $293,980
  • 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:

$750,500

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2527 ft²

Average Home Age

60.8 years

Currently For Sale

1463 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# 72482726

Frequently Asked Questions

When was property at 2 Walnut Lane built and last sold?
The property at 2 Walnut Lane was built in 1998 and last sold on May 16, 2019 for $570,000.
How much is this home worth?
The estimated value of the home located at 2 Walnut Lane is $605,502.
What are some comparable homes to 2 Walnut Lane?
There are currently no comparable homes to 2 Walnut Lane.
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