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Norfolk 02081
231 Elm Street
$665,000
● House - Off Market

231 Elm Street

Walpole, MA 02081
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,922 Ft²
$740,985
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

Opportunity Awaits! Well Maintained Two Family Home Located Within Minutes of Walpole Town Center and Commuter Rail. So Many Possibilities for Investors, Owner Occupants, Extended Family and Home Office. Six Bedroom Septic Installed in 2018, Potential for Expansion with Walk up Attic, Full Unfinished Walkout Basement with High Ceilings, Two Car Detached Garage with Ample Parking Spaces and Wrap Around Driveway, Spacious Yard, Vinyl Siding, Town Water, Main Unit Features Two Levels Which Include Two/Three Bedrooms, Two Bathrooms, Fireplaced Family Room, Home Office, Potential Room for Additional Bathroom, Spacious Kitchen, Mudroom, Enclosed Porch and Sunroom, Second Floor Remodeled One Bedroom Unit Features Open Floor Plan, Kitchen/Dining Area, Full Bath and Waterviews of Turner Pond. A Must See!
Unit Size
2,922 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$239
Property Type
House
Property Taxes
$712
HOA Dues
-
Year Built
1900

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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 #73071318)

Price History

Date / Event Date Event Price
Feb 22, 2023 Sold
Premium
Sold
Jan 27, 2023 In contract -
In contract
Jan 17, 2023 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $699,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Nov 28, 2014 Sold
Premium
Sold
Jan 7, 1988 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • 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: 29,620
  • Total Building Area: 2,922
  • Gross Building Area: 5,049
  • Building Area: 2,922
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,922
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000680
  • Standard Land Use Code: 2044
  • County Land Use Code: 013

Neighborhood

  • School District Name: Walpole School District
  • Census Tract: 411302

Geography

  • Account Number: D050588002
  • District: 307
  • Parcel: WALP M:00025 B:00290 L:00000
  • Block: 290
  • Municipality: WALPOLE
  • Latitude: 42.1503
  • Longitude: -71.2616

    Address

  • Full Address: 231 Elm St
  • Address - House Number: 231
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Walpole
  • Carrier Code: R004
  • 4-Digit Zip Code: 1903
  • Zip Code: 02081

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $0

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $688,700
  • Assessed Land Value: $289,500
  • Assessed Improvements Value: $399,200

    Sales

  • Current Sale Contract Date: Feb 17, 2023
  • Current Sale Recording Date: Feb 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10355
  • Previous Sale Recording Date: Nov 28, 2014
  • Previous Sale Amount: $186,500
  • 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 Norfolk

Stats & Trends

Median Asking:

$755,450

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2565 ft²

Average Home Age

59.6 years

Currently For Sale

1396 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: 4 months ago
Data Source: MLS PIN, MLS# 73071318

Frequently Asked Questions

When was property at 231 Elm Street built and last sold?
The property at 231 Elm Street was built in 1900 and last sold on Feb 17, 2023 for $665,000.
How much is this home worth?
The estimated value of the home located at 231 Elm Street is $734,292.
What are some comparable homes to 231 Elm Street?
There are currently no comparable homes to 231 Elm Street.
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