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Somerset 02726
22 Gray St
$226,000
● House - Off Market

22 Gray St

Somerset, MA 02726
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,046 Ft²
$340,280
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Adorable ranch in the center of town!  Move-in ready and located on a quiet dead-end street. This two-bedroom, one bath home features 2 bonus rooms in the basement that could be used as a playroom or an office. A newly renovated kitchen with all new cabinets, porcelain tile flooring and new black stainless steel refrigerator, dishwasher, gas range and over the range microwave.  The home also features new windows, along with new heating system and new central AC.  Enjoy low maintenance vinyl siding and a backyard with a deck, perfect for relaxing this summer.  With partial water views this an ideal starter home or perfect for downsizing!  More photos to come!  Buyers and buyers' agents to verify all information. Information deemed reliable but not guaranteed.
Unit Size
1,046 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$215
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1954

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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: 6 months ago (MLSPIN #72330192)

Price History

Date / Event Date Event Price
Jul 3, 2018 Sold
Premium
Sold
May 17, 2018 Listed by revolv Real Estate $224,900
Listed by revolv Real Estate
Aug 15, 2014 Sold
Premium
Sold
Jun 29, 2014 Listed by revolv Real Estate $169,900
Listed by revolv Real Estate
Oct 12, 2012 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 560
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 646
  • Gross Building Area: 1,206
  • Building Area: 646
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 646
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644101

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0C2 L:0053
  • Lot: 53
  • Municipality: SOMERSET
  • Latitude: 41.7454
  • Longitude: -71.1411

    Address

  • Full Address: 22 Gray St
  • Address - House Number: 22
  • Address - Street Name: Gray
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerset
  • Carrier Code: C062
  • 4-Digit Zip Code: 5027
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $339,700

    Appraisal Valuation

  • Standard Deviation: 0.1887
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 361,560
  • High Value: 429,819
  • Low Value: 293,302

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $267,900
  • Assessed Land Value: $152,500
  • Assessed Improvements Value: $115,400

    Sales

  • Current Sale Recording Date: Jul 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10840
  • Previous Sale Recording Date: Aug 15, 2014
  • Previous Sale Amount: $160,000
  • 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 Somerset

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1779 ft²

Average Home Age

67 years

Currently For Sale

23 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: 6 months ago
Data Source: MLS PIN, MLS# 72330192

Frequently Asked Questions

When was property at 22 Gray Street built and last sold?
The property at 22 Gray Street was built in 1954 and last sold on Jan 1, 1970 for $226,000.
How much is this home worth?
The estimated value of the home located at 22 Gray Street is $232,727.
What are some comparable homes to 22 Gray Street?
There are currently no comparable homes to 22 Gray Street.
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