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Norfolk
25 Welcome Ln.
$999,900
● House - Off Market

25 Welcome Ln.

Wrentham, MA 02093
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$984,355
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Wrentham's waterfront in a great location on Lake Archer. This home has many updates and outstanding views of the  lake on a private road. Included is an oversized 2 car detached garage with large storage area above. This home should be a show and sell type of property. Home is vacant and easy to show. Multiple offers are expected on this property so bring yours today and get in for the rest of the Summer.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$495
Property Type
House
Property Taxes
$842
HOA Dues
-
Year Built
1940

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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 #73145432)

Price History

Date / Event Date Event Price
Aug 31, 2023 Sold
Premium
Sold
Aug 15, 2023 In contract -
In contract
Aug 6, 2023 Listed by JR Realty $989,900
Listed by JR Realty
Sep 29, 2022 Sold
Premium
Sold
Jul 12, 2022 Listed by JR Realty $949,900
Listed by JR Realty
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • 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: 39,888
  • Total Building Area: 2,000
  • Gross Building Area: 3,562
  • Building Area: 2,000
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,000
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000916
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • School Tax School District: WRENTHAM SD
  • Census Tract: 441204

Zoning

  • Zoning: R-30

Geography

  • Parcel: WREN M:K-09 B:09 L:15
  • Block: 9
  • Lot: 15
  • Municipality: WRENTHAM
  • Latitude: 42.0652
  • Longitude: -71.3416

    Address

  • Full Address: 25 Welcome Ln
  • Address - House Number: 25
  • Address - Street Name: Welcome
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wrentham
  • Carrier Code: R006
  • 4-Digit Zip Code: 1224
  • Zip Code: 02093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,010,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,011,094
  • High Value: 1,169,005
  • Low Value: 853,183

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $800,900
  • Assessed Land Value: $496,300
  • Assessed Improvements Value: $304,600

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Aug 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 56984
  • Previous Sale Recording Date: Sep 29, 2022
  • Previous Sale Contract Date: Jul 23, 2022
  • Previous Sale Amount: $950,000
  • 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 Norfolk

Stats & Trends

Median Asking:

$755,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2564 ft²

Average Home Age

59.8 years

Currently For Sale

1400 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# 73145432

Frequently Asked Questions

When was property at 25 Welcome Lane built and last sold?
The property at 25 Welcome Lane was built in 1940 and last sold on Aug 30, 2023 for $999,900.
How much is this home worth?
The estimated value of the home located at 25 Welcome Lane is $983,208.
What are some comparable homes to 25 Welcome Lane?
There are currently no comparable homes to 25 Welcome Lane.
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