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Norfolk 02081
3 Echo Way
$875,000
● House - Off Market

3 Echo Way

Walpole, MA 02081
bedrooms
6 Beds
bathrooms
5 Baths
square feet
3,800 Ft²
$1,040,451
RealtyHop Estimate
22.55%
Since Mar 1, 2021
MA-Boston
Primary Model

About This Property

Your new dream home to be built on a cul-de-sac subdivision of just 4 custom homes!  Come early and provide your design inputs for the finishing touches for your personal masterpiece. Complete with a 2 car garage, 6 bedrooms, and 5 bathrooms (3 en suite, 1 Jack & Jill, and the marvelous spa-like master bathroom).  The master bedroom has an ultra walk-in closet.  The plan offers a large gourmet kitchen with high-end stainless steel appliances that leads into a spacious formal dining room. The expansive living room has a gas fireplace for comfort and style. This home comes complete with upgrades throughout and a thoughtfully designed yard.  Don't wait.  The builder is custom designing it just for you!!!
Unit Size
3,800 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$223
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
2021

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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: 5 years ago (MLSPIN #72747506)

Price History

Date / Event Date Event Price
May 14, 2021 Sold
Premium
Sold
Feb 26, 2021 Sold
Premium
Sold
Oct 22, 2020 Listed by Compass $849,000
Listed by Compass

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 20,000
  • Total Building Area: 3,280
  • Gross Building Area: 6,248
  • Building Area: 3,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,280
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Walpole School District
  • Census Tract: 411302

Geography

  • Account Number: E16-1626-001
  • District: 307
  • Parcel: WALP M:00040 B:00080 L:00003
  • Block: 80
  • Lot: 3
  • Municipality: WALPOLE
  • Latitude: 42.1275
  • Longitude: -71.2686

    Address

  • Full Address: 3 Echo Way
  • Address - House Number: 3
  • Address - Street Name: Echo
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Walpole
  • Carrier Code: R005
  • 4-Digit Zip Code: 1131
  • Zip Code: 02081

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,381,500

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,212,388
  • High Value: 1,406,556
  • Low Value: 1,018,220

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,045,000
  • Assessed Land Value: $326,400
  • Assessed Improvements Value: $718,600

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63384
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

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2595 ft²

Average Home Age

59.5 years

Currently For Sale

1358 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: 5 years ago
Data Source: MLS PIN, MLS# 72747506

Frequently Asked Questions

When was property at 3 Echo Way built and last sold?
The property at 3 Echo Way was built in 2021 and last sold on May 14, 2021 for $875,000.
How much is this home worth?
The estimated value of the home located at 3 Echo Way is $860,300.
What are some comparable homes to 3 Echo Way?
There are currently no comparable homes to 3 Echo Way.
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