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Somerset 02726
29 Thomas Drive
$380,000
● House - Off Market

29 Thomas Drive

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,281 Ft²
$403,137
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

BACK ON MARKET WEEK BEFORE CLOSING DUE TO BUYER FINANCING!  Their loss is your gain.  Welcome Home to this  amazing 4 Bedroom Cape in one of Somerset's beautiful neighborhoods! As you enter the kitchen you will be greeted with an open concept equipped with an island, corian counter tops, stainless steel appliances, and lots of cabinet space. On those cold winter nights find yourself curled up by the gas fireplace in the front to back living room.  The first floor hosts a 4th bedroom (if needed) that can be an office or family room along with a half bath.  The 2nd floor has 3 more good size bedrooms and a full bath.  All of this surrounded by an oversize deck and a nice level backyard.
Unit Size
1,281 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$297
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
1977

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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: 4 months ago (MLSPIN #73036137)

Price History

Date / Event Date Event Price
Dec 29, 2022 Sold
Premium
Sold
Dec 1, 2022 In contract -
In contract
Nov 10, 2022 Relisted $380,000
Relisted
Nov 5, 2022 In contract -
In contract
Oct 31, 2022 Relisted $292,500
Relisted
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,064
  • 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: 2,079
  • Gross Building Area: 3,143
  • Building Area: 2,079
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,079
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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:0268
  • Lot: 268
  • Municipality: SOMERSET
  • Latitude: 41.7614
  • Longitude: -71.1425

    Address

  • Full Address: 29 Thomas Dr
  • Address - House Number: 29
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Somerset
  • Carrier Code: C067
  • 4-Digit Zip Code: 4733
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $517,600

    Appraisal Valuation

  • Standard Deviation: 0.1923
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 507,818
  • High Value: 605,495
  • Low Value: 410,141

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $408,200
  • Assessed Land Value: $166,600
  • Assessed Improvements Value: $241,600

    Sales

  • Current Sale Contract Date: Dec 29, 2022
  • Current Sale Recording Date: Dec 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22257
  • Previous Sale Recording Date: Nov 21, 2017
  • Previous Sale Amount: $292,500
  • Previous Sale Document Type: O
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:

$529,900

Sale Price/ft²

$330

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1820 ft²

Average Home Age

56.9 years

Currently For Sale

27 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: 4 months ago
Data Source: MLS PIN, MLS# 73036137

Frequently Asked Questions

When was property at 29 Thomas Drive built and last sold?
The property at 29 Thomas Drive was built in 1977 and last sold on Dec 29, 2022 for $380,000.
How much is this home worth?
The estimated value of the home located at 29 Thomas Drive is $384,588.
What are some comparable homes to 29 Thomas Drive?
There are currently no comparable homes to 29 Thomas Drive.
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