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Plymouth 02538
3 Michael Dr
Photo of 3 Michael Dr

2

Map

Photo of 3 Michael Dr
$45,000
↓ $4K (8.2%)
● Land - For Sale

3 Michael Dr

Wareham, MA 02538
bedrooms
Studio
bathrooms
0 Bath
$262
Est. Monthly
62.92%
Cap Rate

About This Property

Don't miss this unique opportunity to own 0.37 acres of direct waterfront on Agawam Mill Pond in Wareham. Enjoy endless recreational activities right from your own shoreline...fish, kayak, paddle board, canoe, or take out a motorboat and spend your days on the water. This property offers the perfect place to gather with friends, set up camp, or simply relax and enjoy the peaceful pond views. Ideal for those who live nearby but don't have waterfront access, it's a chance to create your own getaway without leaving town. While the lot is not believed to be buildable for a home, it offers tremendous value as a recreational retreat and affordable way to experience all that pond-front living has to offer. . Buyer/Buyers Agent to do all due diligence.
Unit Size
-
Days on Market
-
Land Size
0.37 acres
Price per sqft
-
Property Type
Land
Property Taxes
$40
HOA Dues
-
Year Built
-

Listed By

The Optimium Team
eXp Realty LLC - Corporate Office

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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 #73423552)

Price History

Date / Event Date Event Price
Aug 3, 2026 Price Decreased $45,000
↓ $4K (8.2%)
Price Decreased
Apr 2, 2026 Price Decreased $49,000
↓ $4K (7.6%)
Price Decreased
Dec 16, 2025 Price Decreased $53,000
↓ $2K (3.6%)
Price Decreased
Aug 30, 2025 Listed by Keller Williams South Watuppa $55,000
Listed by Keller Williams South Watuppa
Aug 24, 2020 Sold
Premium
Sold
Show More

Property Highlights

Exterior Details
Waterfront Features: Waterfront, Pond
Building Area Units: Square Feet
Lot Features: Wetlands, Wooded
Lot Size Area: 0.37
Lot Size Units: Acres
Lot Size Acres: 0.37
Lot Size Square Feet: 16050
Water Source: Other
Financial Details
Tax Assessed Value: $46,400
Tax Annual Amount: $483
Utilities Details
Sewer : Other

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 16,050
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000368
  • Standard Land Use Code: 8001
  • County Land Use Code: 131

Neighborhood

  • School District Name: Wareham School District
  • School Tax School District: WAREHAM SD
  • Census Tract: 545200

Geography

  • Parcel: WARE M:00129 B:000 L:000K3
  • Lot: K3
  • Municipality: WAREHAM
  • Latitude: 41.7725
  • Longitude: -70.667

    Address

  • Full Address: 3 Michael Dr
  • Address - House Number: 3
  • Address - Street Name: Michael
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: East Wareham
  • Carrier Code: R001
  • 4-Digit Zip Code: 1425
  • Zip Code: 02538

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $41,100
  • Initial Tax Delinquent Year: 2024

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $36,600
  • Assessed Land Value: $36,600

    Sales

  • Current Sale Contract Date: Aug 21, 2020
  • Current Sale Recording Date: Aug 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 76693
  • Previous Sale Recording Date: Apr 28, 2014
  • Previous Sale Amount: $12,000
  • 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 Plymouth

Stats & Trends

Median Asking:

$652,450

Sale Price/ft²

$370

Above Asking

0.17%

Average Days on Market

58

Average Home Size

2330 ft²

Average Home Age

50.1 years

Currently For Sale

1162 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# 73423552

Frequently Asked Questions

When was property at 3 Michael Drive built and last sold?
The property at 3 Michael Drive was built in and last sold on Aug 21, 2020 for $35,000.
How much is this home worth?
The estimated value of the home located at 3 Michael Drive is $45,450.
What are some comparable homes to 3 Michael Drive?
There are currently no comparable homes to 3 Michael Drive.
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