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Marshfield Hills 02050
228 Summer St
$580,000
● House - Off Market

228 Summer St

Marshfield, MA 02050
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,292 Ft²
$1,000,748
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

BANK OWNED. SPACIOUS SINGLE FAMILY HOME LOCATED IN  MARSHFIELD'S SEAVIEW AREA .  SELLER OR AGENT MAKES NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE CONDITION OF THE PROPERTY. SELLER HAS NEVER OCCUPIED THE PROPERTY. RECEIPT OF EARNEST MONIES WITHOUT FULLY EXECUTED P&S AGREEMENT DOES NOT BIND SELLER TO CONTRACT. ALL INFO IS GATHERED FROM PUBLIC RECORD AND SHOULD BE VERIFIED BY BUYER. THIS PROPERTY IS LOCATED LESS THAN 2 MILES FROM HUMAROCK BEACH AND A SHORT DRIVE TO THE COMMUTER RAIL. SHOW AND SELL!
Unit Size
4,292 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$138
Property Type
House
Property Taxes
$649
HOA Dues
-
Year Built
1918

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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 #72039332)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
May 5, 2021 Listed by Boston Connect Real Estate $949,000
Listed by Boston Connect Real Estate
Nov 10, 2016 Sold
Premium
Sold
Jul 17, 2016 Listed by Boston Connect Real Estate $594,000
Listed by Boston Connect Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 1,980
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 4,620
  • Gross Building Area: 8,830
  • Building Area: 4,620
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 4,620
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marshfield School District
  • School Tax School District: MARSHFIELD SD
  • Census Tract: 506104

Zoning

  • Zoning: R-1

Geography

  • Parcel: MARS M:0G16 B:0007 L:011A
  • Block: 7
  • Lot: 11A
  • Municipality: MARSHFIELD
  • Latitude: 42.1399
  • Longitude: -70.7155

    Address

  • Full Address: 228 Summer St
  • Address - House Number: 228
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marshfield
  • Carrier Code: R014
  • 4-Digit Zip Code: 1657
  • Zip Code: 02050

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,120,100
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1649
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,118,874
  • High Value: 1,303,406
  • Low Value: 934,342

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,078,100
  • Assessed Land Value: $326,700
  • Assessed Improvements Value: $751,400

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 78607
  • Previous Sale Recording Date: Jul 09, 2021
  • Previous Sale Contract Date: Jun 30, 2021
  • Previous Sale Amount: $580,000
  • Previous Sale Document Type: 21
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 Marshfield Hills

Stats & Trends

Median Asking:

$875,000

Sale Price/ft²

$425

Below Asking

0.01%

Average Days on Market

55

Average Home Size

4267 ft²

Average Home Age

70.5 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72039332

Frequently Asked Questions

When was property at 228 Summer Street built and last sold?
The property at 228 Summer Street was built in 1918 and last sold on Jul 9, 2021 for $865,000.
How much is this home worth?
The estimated value of the home located at 228 Summer Street is $940,956.
What are some comparable homes to 228 Summer Street?
There are currently no comparable homes to 228 Summer Street.
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