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Somerset 02726
29 Sherman Road
Photo of 29 Sherman Road

1

Map

$189,900
● House - Off Market

29 Sherman Road

Somerset, MA 02726
bedrooms
2 Beds
bathrooms
1 Bath
square feet
725 Ft²
$1,130
Est. Monthly

About This Property

A unique opportunity to own a 2 family residence in the town of Somerset!  This property is a 2 bed 1 bath single family residence, newer vinyl siiding, roof, windows, electric, asphalt driveway, concrete garage floor.  There is also a detached studio home behind the single family residence to allow a family member there own space or rent out for additional income, small but will create an extra income for the new owner to put towards the mortgage!
Unit Size
725 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$262
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1926

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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: 2 months ago (MLSPIN #71077819)

Price History

Date / Event Date Event Price
Dec 2, 2016 Sold
Premium
Sold
Jul 11, 2016 Listed by Patriot Realty Group $144,900
Listed by Patriot Realty Group
Mar 2, 2016 Sold
Premium
Sold
May 10, 2010 Listed by Patriot Realty Group $189,900
Listed by Patriot Realty Group

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 2
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 14
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 700
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,011
  • Total Building Area: 788
  • Gross Building Area: 1,488
  • Building Area: 788
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 788
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 644200

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0B8 L:0104
  • Lot: 104
  • Municipality: SOMERSET
  • Latitude: 41.7387
  • Longitude: -71.1749

    Address

  • Full Address: 29 Sherman Rd
  • Address - House Number: 29
  • Address - Street Name: Sherman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Somerset
  • Carrier Code: C055
  • 4-Digit Zip Code: 1508
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $370,900

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 339,061
  • High Value: 406,600
  • Low Value: 271,522

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,500
  • Assessed Land Value: $139,600
  • Assessed Improvements Value: $152,900

    Sales

  • Current Sale Recording Date: Dec 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21473
  • Previous Sale Recording Date: Mar 02, 2016
  • Previous Sale Amount: $80,946
  • 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 Somerset

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1798 ft²

Average Home Age

66.5 years

Currently For Sale

22 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 71077819

Frequently Asked Questions

When was property at 29 Sherman Road built and last sold?
The property at 29 Sherman Road was built in 1926 and last sold on Jan 1, 1970 for $138,000.
How much is this home worth?
The estimated value of the home located at 29 Sherman Road is $153,559.
What are some comparable homes to 29 Sherman Road?
There are currently no comparable homes to 29 Sherman Road.
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