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Somerset 02726
280 Chace St
$220,000
● House - Off Market

280 Chace St

Somerset, MA 02726
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,176 Ft²
$495,031
RealtyHop Estimate
115.32%
Since Jul 1, 2012
National-US
Primary Model

About This Property

This is a must see Ranch ! Gleaming hardwood floors throughout ,Updated gorgeous kitchen workspace,Modern tiled and corian bath. Spacious bedrooms, with a large first floor laundryroom.Dinning area off kitchen leads to sunken family room facing beautiful fenced in private back yard.    Roof replaced 2005, replaced vinyl windows and doors.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$195
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71372418)

Price History

Date / Event Date Event Price
Jun 29, 2012 Sold
Premium
Sold
Apr 24, 2012 Listed by Riverside Realty $229,900
Listed by Riverside Realty
Oct 31, 2005 Sold
Premium
Sold
Aug 6, 2005 Listed by Riverside Realty $299,999
Listed by Riverside Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,200
  • Gross Building Area: 2,208
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REDWOOD FARMS SEC I
  • Land Acres: 0000000230
  • 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:0254
  • Lot: 254
  • Municipality: SOMERSET
  • Latitude: 41.7607
  • Longitude: -71.1433

    Address

  • Full Address: 280 Chace St
  • Address - House Number: 280
  • Address - Street Name: Chace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerset
  • Carrier Code: C067
  • 4-Digit Zip Code: 3547
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $403,100

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 412,464
  • High Value: 481,376
  • Low Value: 343,552

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $317,900
  • Assessed Land Value: $155,900
  • Assessed Improvements Value: $162,000

    Sales

  • Current Sale Recording Date: Jun 29, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000001
  • Previous Sale Recording Date: Oct 31, 2005
  • Previous Sale Amount: $296,000
  • Previous Sale Document Type: 27
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

55

Average Home Size

1779 ft²

Average Home Age

67 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71372418

Frequently Asked Questions

When was property at 280 Chace Street built and last sold?
The property at 280 Chace Street was built in 1974 and last sold on Jan 1, 1970 for $220,000.
How much is this home worth?
The estimated value of the home located at 280 Chace Street is $244,508.
What are some comparable homes to 280 Chace Street?
There are currently no comparable homes to 280 Chace Street.
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