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Bristol
3 Morris Hope Ln
$305,625
● House - Off Market

3 Morris Hope Ln

Berkley, MA 02779
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,224 Ft²
$478,236
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Start saving your Pinterest Pins, like a blank canvas here...Spruce it up for some sweat equity. Built 2001, Large 3 Bedroom 2 Bath Ranch with Fireplace, Hardwood Kitchen LR and Hall, Tiled Baths and Wall to Wall Carpets in Bedrooms. Sliders from Master Bed to Deck. 4 Bedroom Septic on 1.5 Acres...future Addition???
Unit Size
1,224 Ft²
Days on Market
-
Land Size
1.50 acres
Price per sqft
$245
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
2001

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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 months ago (MLSPIN #72184717)

Price History

Date / Event Date Event Price
Aug 16, 2017 Sold
Premium
Sold
Jun 19, 2017 Listed by Rezendes Real Estate $299,900
Listed by Rezendes Real Estate
Mar 8, 2001 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,196
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 65,340
  • Total Building Area: 1,196
  • Gross Building Area: 2,392
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001500
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Berkley School District
  • School Tax School District: BERKLEY SD
  • Census Tract: 616100

Zoning

  • Zoning: R1

Geography

  • Parcel: BERK M:012.0 B:0035 L:0011.0
  • Block: 35
  • Lot: 11.0
  • Municipality: BERKLEY
  • Latitude: 41.8298
  • Longitude: -71.0701

    Address

  • Full Address: 3 Morris Hope Ln
  • Address - House Number: 3
  • Address - Street Name: Morris Hope
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Berkley
  • Carrier Code: R016
  • 4-Digit Zip Code: 1626
  • Zip Code: 02779

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $501,500

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 496,113
  • High Value: 581,731
  • Low Value: 410,495

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $402,800
  • Assessed Land Value: $136,800
  • Assessed Improvements Value: $266,000

    Sales

  • Current Sale Recording Date: Aug 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32424
  • Previous Sale Recording Date: Mar 08, 2001
  • Previous Sale Amount: $229,100
  • Previous 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 Bristol

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$309

Below Asking

0.02%

Average Days on Market

60

Average Home Size

2263 ft²

Average Home Age

70.7 years

Currently For Sale

1150 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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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72184717

Frequently Asked Questions

When was property at 3 Morris Hope Lane built and last sold?
The property at 3 Morris Hope Lane was built in 2001 and last sold on Jan 1, 1970 for $305,625.
How much is this home worth?
The estimated value of the home located at 3 Morris Hope Lane is $308,397.
What are some comparable homes to 3 Morris Hope Lane?
There are currently no comparable homes to 3 Morris Hope Lane.
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