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Norfolk 02054
220 Ridge St
$2,150,000
● House - Off Market

220 Ridge St

Millis, MA 02054
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,484 Ft²
$2,508,383
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

A rare offering! Iconic Cerulean Farm is a turnkey 11 acre 33 stall equestrian facility conveniently located in MetroWest Boston, just 30 miles to Boston and Providence.The 20 stall main barn includes an office, 3 grooming stalls, tack, grain, storage & shavings rooms and attached 90' x 180' indoor ring with heated viewing room, laundry and bathroom; an irrigated 175' x 225' outdoor riding ring, 17 grass and 6 sand paddocks. The separate 10 stall "street" barn includes a grain room, 4BR apartment and 4 paddocks. The property includes a small 3BR home with 2 fireplaces, screened porch and detached office. Don't miss this amazing opportunity!
Unit Size
1,484 Ft²
Days on Market
-
Land Size
11.60 acres
Price per sqft
$1,685
Property Type
House
Property Taxes
$1,165
HOA Dues
-
Year Built
1960

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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 #73049958)

Price History

Date / Event Date Event Price
Jun 21, 2023 Sold
Premium
Sold
Oct 19, 2022 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $2,500,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 505,296
  • Total Building Area: 1,484
  • Gross Building Area: 2,660
  • Building Area: 1,484
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,484
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000011600
  • Standard Land Use Code: 2044
  • County Land Use Code: 013

Neighborhood

  • School District Name: Millis School District
  • School Tax School District: MILLIS SD
  • Census Tract: 407101

Geography

  • Parcel: MILL M:007 B:0000029
  • Block: 29
  • Municipality: MILLIS
  • Latitude: 42.1882
  • Longitude: -71.372

    Address

  • Full Address: 220 Ridge St
  • Address - House Number: 220
  • Address - Street Name: Ridge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Millis
  • Carrier Code: R001
  • 4-Digit Zip Code: 1030
  • Zip Code: 02054

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,855,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,129,700
  • Assessed Land Value: $500,500
  • Assessed Improvements Value: $629,200

    Sales

  • Current Sale Contract Date: Jun 14, 2023
  • Current Sale Recording Date: Jun 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1522516
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:

$751,700

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2527 ft²

Average Home Age

60.8 years

Currently For Sale

1464 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# 73049958

Frequently Asked Questions

When was property at 220 Ridge Street built and last sold?
The property at 220 Ridge Street was built in 1960 and last sold on Jun 14, 2023 for $2,150,000.
How much is this home worth?
The estimated value of the home located at 220 Ridge Street is $2,404,059.
What are some comparable homes to 220 Ridge Street?
There are currently no comparable homes to 220 Ridge Street.
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