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Milford 01757
255 Main St
$200,000
● House - Off Market

255 Main St

Milford, MA 01757
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,197 Ft²
$392,628
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

Great versatile opportunity to buy this large single family with a detached two car garage with loft area above AND a one car under with separate driveway. Lots of details in this home. Highly visible corner lot within close proximity to the new Hospital Addition, post office, banks and everything downtown has to offer.  Large rooms and three floors of finished livable space here.  CB zoning allows for a variety of business uses as well. Next to the post office. Detailed doors, trim and fireplace. Great front porch area that would make a stunning office.  Needs some upgrading but the basics are still there to work from.
Unit Size
2,197 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$105
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1880

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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 #71847337)

Price History

Date / Event Date Event Price
May 18, 2016 Sold
Premium
Sold
May 29, 2015 Listed by Century 21 Commonwealth $229,900
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 1,072
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 2,176
  • Gross Building Area: 4,544
  • Building Area: 2,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,176
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Milford School District
  • School Tax School District: MILFORD SD
  • Census Tract: 744300

Zoning

  • Zoning: OR

Geography

  • Parcel: MILF M:48 B:000 L:326
  • Lot: 326
  • Municipality: MILFORD
  • Latitude: 42.1383
  • Longitude: -71.5222

    Address

  • Full Address: 255 Main St
  • Address - House Number: 255
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Milford
  • Carrier Code: C010
  • 4-Digit Zip Code: 2501
  • Zip Code: 01757

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $517,600

    Appraisal Valuation

  • Standard Deviation: 0.2333
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 53
  • Final Value: 455,377
  • High Value: 561,618
  • Low Value: 349,135

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $389,500
  • Assessed Land Value: $144,600
  • Assessed Improvements Value: $244,900

    Sales

  • Current Sale Recording Date: May 18, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 50394
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 Milford

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$292

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1848 ft²

Average Home Age

64.8 years

Currently For Sale

42 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# 71847337

Frequently Asked Questions

When was property at 255 Main Street built and last sold?
The property at 255 Main Street was built in 1880 and last sold on Jan 1, 1970 for $200,000.
How much is this home worth?
The estimated value of the home located at 255 Main Street is $250,727.
What are some comparable homes to 255 Main Street?
There are currently no comparable homes to 255 Main Street.
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