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Norfolk 02081
3 Lorusso Road
$475,000
● House - Off Market

3 Lorusso Road

Walpole, MA 02081
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,200 Ft²
$974,687
RealtyHop Estimate
103.10%
Since Oct 1, 2003
MA-Boston
Primary Model

About This Property

GREAT AREA CONVENIENT TO SCHOOLS, SHOPPING,AND TRAIN. 9 RM CONTEMPORARY COLONIAL, 3 1/2 BATHS, VERY PRIVATE YARD 20X40 INGROUND POOL,FULL BATH IN CABANA, STORAGE SHED,CENTER ISLAND KIT,JENNAIR GRILL,FAMRM OVER LOOKS YARD, HURRY!!!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.82 acres
Price per sqft
$218
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1978

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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 years ago (MLSPIN #30740030)

Price History

Date / Event Date Event Price
Sep 12, 2003 Sold
Premium
Sold
Jun 27, 2003 Listed by Richard Moore Real Estate $479,900
Listed by Richard Moore Real Estate

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 18
  • 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: 36,008
  • Total Building Area: 1,595
  • Gross Building Area: 3,295
  • Building Area: 1,595
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,595
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LORUSSO MANOR
  • Land Acres: 0000000827
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Walpole School District
  • Census Tract: 411200

Geography

  • Account Number: D070750003
  • District: 307
  • Parcel: WALP M:00027 B:00389 L:00000
  • Block: 389
  • Municipality: WALPOLE
  • Latitude: 42.1507
  • Longitude: -71.2315

    Address

  • Full Address: 3 Lorusso Rd
  • Address - House Number: 3
  • Address - Street Name: Lorusso
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Walpole
  • Carrier Code: C011
  • 4-Digit Zip Code: 3604
  • Zip Code: 02081

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $914,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 770,159
  • High Value: 893,502
  • Low Value: 646,816

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $691,700
  • Assessed Land Value: $321,500
  • Assessed Improvements Value: $370,200

    Sales

  • Current Sale Recording Date: Sep 12, 2003
  • Current Sale Price:
    Premium
  • Current 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:

$755,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2564 ft²

Average Home Age

59.8 years

Currently For Sale

1400 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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Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30740030

Frequently Asked Questions

When was property at 3 Lorusso Road built and last sold?
The property at 3 Lorusso Road was built in 1978 and last sold on Jan 1, 1970 for $475,000.
How much is this home worth?
The estimated value of the home located at 3 Lorusso Road is $0.
What are some comparable homes to 3 Lorusso Road?
There are currently no comparable homes to 3 Lorusso Road.
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