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Norfolk
29 Lakeshore Dr
$285,000
● House - Off Market

29 Lakeshore Dr

Norfolk, MA 02056
bedrooms
2 Beds
bathrooms
1 Bath
square feet
625 Ft²
$395,854
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

PRICE IMPROVEMENT!! This gem is a great buy at $289K because of its' LOCATION AND POTENTIAL!!   BUY IT because it's 1) Better than a condo..NO HOA fees, 2) less money than an apartment  3) own a Vacation Home Year Round 4), 1/2 an acre means you can expand UP and OUT....it even has a THREE BEDROOM SEPTIC ready for extra bedrooms!! This home is GREAT for 1) FIRST TIME BUYERS, 2) DOWNSIZERS, 3) INVESTORS (rent it or flip it). Full basement can be finished and the attached shed can be turned into a garage!! This sweet year round vacation home with access to Lake Populatic is the next Lake Pearl/Archer...just affordable!!  Make it your DREAM HOME! You can't buy lake view property this cheap ANYWHERE in Bristol or Norfolk County....and if you can....BUY IT!
Unit Size
625 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$462
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1949

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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 #72631913)

Price History

Date / Event Date Event Price
Aug 17, 2020 Sold
Premium
Sold
Mar 11, 2020 Listed by Keller Williams Elite $289,000
Listed by Keller Williams Elite

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 26,851
  • Total Building Area: 670
  • Gross Building Area: 1,820
  • Building Area: 670
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 670
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOMES AT SWAN POND
  • Land Acres: 0000000616
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • Census Tract: 409102

Geography

  • Account Number: A219 & A220
  • Parcel: NORF M:0004 B:0023 L:0010
  • Block: 23
  • Lot: 10
  • Municipality: NORFOLK
  • Latitude: 42.1325
  • Longitude: -71.3757

    Address

  • Full Address: 29 Lakeshore Dr
  • Address - House Number: 29
  • Address - Street Name: Lakeshore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Norfolk
  • Carrier Code: R009
  • 4-Digit Zip Code: 1262
  • Zip Code: 02056

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $495,000

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 371,007
  • High Value: 434,121
  • Low Value: 307,893

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $317,900
  • Assessed Land Value: $207,300
  • Assessed Improvements Value: $110,600

    Sales

  • Current Sale Contract Date: Aug 11, 2020
  • Current Sale Recording Date: Aug 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1453118
  • Previous Sale Recording Date: Aug 28, 2015
  • 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 Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2528 ft²

Average Home Age

60.6 years

Currently For Sale

1364 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# 72631913

Frequently Asked Questions

When was property at 29 Lakeshore Drive built and last sold?
The property at 29 Lakeshore Drive was built in 1949 and last sold on Aug 11, 2020 for $285,000.
How much is this home worth?
The estimated value of the home located at 29 Lakeshore Drive is $290,527.
What are some comparable homes to 29 Lakeshore Drive?
There are currently no comparable homes to 29 Lakeshore Drive.
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