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Somerset 02726
274 Mt Hope Road
$480,000
● House - Off Market

274 Mt Hope Road

Somerset, MA 02726
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,348 Ft²
$498,179
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Located in a highly sought-after neighborhood, you will find this nicely maintained, picture-perfect raised ranch.  The upper level features a bright and sunny, open concept living/dining room with floor-to-ceiling windows, hardwood floors, and a fireplace.  In the kitchen, you will find tumbled marble and glass backsplash, and granite countertops.  Three bedrooms, and an oversized bathroom complete the upper level.  The lower level is completely finished with a fireplace family room, a full bath, bedroom, kitchen, and a separate entrance.  Updates include New Pro windows, central air, and a newly replaced water main... just to name a few.  The backyard retreat has a screened-in porch that leads to the deck that is surrounded by beautiful flowers and greenery throughout the back yard.
Unit Size
1,348 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$355
Property Type
House
Property Taxes
$411
HOA Dues
-
Year Built
1963

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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 #73013492)

Price History

Date / Event Date Event Price
Sep 20, 2022 Sold
Premium
Sold
Jul 18, 2022 Listed by Milestone Realty, Inc. $479,000
Listed by Milestone Realty, Inc.

Property Highlights

Parking Available
Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,248
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,348
  • Gross Building Area: 2,596
  • Building Area: 1,348
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,348
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644101

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0D7 L:0130
  • Lot: 130
  • Municipality: SOMERSET
  • Latitude: 41.7661
  • Longitude: -71.144

    Address

  • Full Address: 274 Mount Hope Rd
  • Address - House Number: 274
  • Address - Street Name: Mount Hope
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Somerset
  • Carrier Code: C056
  • 4-Digit Zip Code: 3639
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $532,200

    Appraisal Valuation

  • Standard Deviation: 0.1604
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 522,087
  • High Value: 605,861
  • Low Value: 438,313

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $419,700
  • Assessed Land Value: $156,400
  • Assessed Improvements Value: $263,300

    Sales

  • Current Sale Contract Date: Sep 20, 2022
  • Current Sale Recording Date: Sep 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16743
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 Somerset

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1758 ft²

Average Home Age

66.9 years

Currently For Sale

23 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73013492

Frequently Asked Questions

When was property at 274 Mt Hope Road built and last sold?
The property at 274 Mt Hope Road was built in 1963 and last sold on Sep 20, 2022 for $480,000.
How much is this home worth?
The estimated value of the home located at 274 Mt Hope Road is $482,229.
What are some comparable homes to 274 Mt Hope Road?
There are currently no comparable homes to 274 Mt Hope Road.
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