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New Bedford 02745
229 Heritage Dr
$152,000
● House - Off Market

229 Heritage Dr

New Bedford, MA 02745
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,076 Ft²
$325,095
RealtyHop Estimate
114.02%
Since Feb 1, 2013
National-US
Primary Model

About This Property

Nice home, rear deck, fenced back yard, large bright rooms, carpet and tile flooring. Property is corporate owned. Property is sold AS IS with no warranties, guarantees or representations either expressed or implied by agent or broker being sold.  All offers are contingent upon receipt of a fully executed and mutually acceptable P & S agreement & all sellers' addendums.
Unit Size
1,076 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$141
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1987

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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: 6 months ago (MLSPIN #71413390)

Price History

Date / Event Date Event Price
Jan 16, 2013 Sold
Premium
Sold
Jul 24, 2012 Listed by New England Group Services Inc. $151,900
Listed by New England Group Services Inc.
Jun 15, 2011 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,076
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,399
  • Total Building Area: 1,076
  • Gross Building Area: 2,314
  • Building Area: 1,076
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,076
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEW BEDFORD
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: New Bedford School District
  • Census Tract: 650102

Zoning

  • Zoning: RA

Geography

  • Account Number: 33192
  • Parcel: NEWB M:0134-G L:0078
  • Lot: 78
  • Municipality: NEW BEDFORD
  • Latitude: 41.7218
  • Longitude: -70.9466

    Address

  • Full Address: 229 Heritage Dr
  • Address - House Number: 229
  • Address - Street Name: Heritage
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: New Bedford
  • Carrier Code: C005
  • 4-Digit Zip Code: 2110
  • Zip Code: 02745

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $410,000

    Appraisal Valuation

  • Standard Deviation: 0.1985
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 401,365
  • High Value: 481,040
  • Low Value: 321,689

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $341,700
  • Assessed Land Value: $112,100
  • Assessed Improvements Value: $229,600

    Sales

  • Current Sale Recording Date: Jan 16, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jun 15, 2011
  • Previous Sale Amount: $162,899
  • Previous Sale Document Type: 34
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 New Bedford

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$276

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2274 ft²

Average Home Age

102.9 years

Currently For Sale

185 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# 71413390

Frequently Asked Questions

When was property at 229 Heritage Drive built and last sold?
The property at 229 Heritage Drive was built in 1987 and last sold on Jan 1, 1970 for $152,000.
How much is this home worth?
The estimated value of the home located at 229 Heritage Drive is $161,685.
What are some comparable homes to 229 Heritage Drive?
There are currently no comparable homes to 229 Heritage Drive.
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