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Norfolk
253 Main Street
$395,000
● House - Off Market

253 Main Street

Medway, MA 02053
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,308 Ft²
$401,785
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

A wonderful option for the first time buyer or for someone looking to downsize to one level living!  A great opportunity to own this 6 Room Ranch located on 1/4 Acre Lot in Medway featuring a generous sized Eat-in Kitchen, Hardwood Flooring and a cozy Living Room adorned with a Fireplace.  Expansion potential in the partially finished lower level.  Overlook the backyard on the spacious 16 x 19 Deck.  Other highlights include a Covered Patio, Natural Gas Heat, Town Water & Sewer, Clapboard Siding, Kitchen Refrigerator, Washer & Dryer Included in the Sale plus a fantastic commuter location with easy access to 495, commuter rail & other major routes.  Priced accordingly for this as is home sale. Showings begin at the Open House this Saturday, February 11th, 11 am to 1 pm.
Unit Size
1,308 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$298
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1971

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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 #73077619)

Price History

Date / Event Date Event Price
Mar 31, 2023 Sold
Premium
Sold
Feb 15, 2023 In contract -
In contract
Feb 9, 2023 Listed by Northeast Signature Properties, LLC $389,900
Listed by Northeast Signature Properties, LLC
Apr 12, 1985 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,149
  • Total Building Area: 912
  • Gross Building Area: 2,204
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 912
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medway School District
  • School Tax School District: MEDWAY SD
  • Census Tract: 408102

Zoning

  • Zoning: ARII

Geography

  • Account Number: 2-90
  • Parcel: MEDW M:66 B:037
  • Block: 37
  • Municipality: MEDWAY
  • Latitude: 42.1379
  • Longitude: -71.4408

    Address

  • Full Address: 253 Main St
  • Address - House Number: 253
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Medway
  • Carrier Code: C002
  • 4-Digit Zip Code: 1627
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $535,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 417,361
  • High Value: 487,604
  • Low Value: 347,117

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,700
  • Assessed Land Value: $221,200
  • Assessed Improvements Value: $114,500

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Mar 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18486
  • Previous Sale Recording Date: Apr 12, 1985
  • Previous Sale Amount: $93,000
  • 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 Norfolk

Stats & Trends

Median Asking:

$752,900

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2522 ft²

Average Home Age

60.4 years

Currently For Sale

1385 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: 5 months ago
Data Source: MLS PIN, MLS# 73077619

Frequently Asked Questions

When was property at 253 Main Street built and last sold?
The property at 253 Main Street was built in 1971 and last sold on Mar 31, 2023 for $395,000.
How much is this home worth?
The estimated value of the home located at 253 Main Street is $403,356.
What are some comparable homes to 253 Main Street?
There are currently no comparable homes to 253 Main Street.
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