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Essex
3 Norma Way
$345,000
● Land - Off Market

3 Norma Way

Middleton, MA 01949
bedrooms
Studio
bathrooms
0 Bath
$703,062
RealtyHop Estimate
82.66%
Since Nov 1, 2014
MA-Boston
Primary Model

About This Property

BUILD   In "MIDDLETON ESTATES" on new "Norma Way" in Middleton's Newest Subdivision " "No Builder Tie In " , "Custom Built Home Packages Available" . SUPER LOCATION !!   "On -Site Developer with Solid Track Record in Middleton !! "  2 Cul - De- Sacs   &   2 Streets in   'Middleton Estates'     Please View Current Homes Being Constructed !!    "2104 Permits Available"
Unit Size
-
Days on Market
-
Land Size
5.72 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2015

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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 #71726687)

Price History

Date / Event Date Event Price
Sep 25, 2017 Sold
Premium
Sold
Nov 20, 2014 Sold
Premium
Sold
Aug 8, 2014 Listed by Doyle Real Estate $384,900
Listed by Doyle Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,548
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 249,141
  • Total Building Area: 5,188
  • Gross Building Area: 8,901
  • Building Area: 5,188
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,188
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEFINITIVE
  • Land Acres: 0000005719
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 212101

Zoning

  • Zoning: R1B

Geography

  • Account Number: 8835
  • Parcel: MIDD M:0014 B:0000 L:0013
  • Lot: 13
  • Municipality: MIDDLETON
  • Latitude: 42.6074
  • Longitude: -70.9911

    Address

  • Full Address: 3 Norma Way
  • Address - House Number: 3
  • Address - Street Name: Norma
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Middleton
  • Carrier Code: R001
  • 4-Digit Zip Code: 2283
  • Zip Code: 01949

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,565,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1715
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,500,692
  • High Value: 1,757,892
  • Low Value: 1,243,493

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,176,100
  • Assessed Land Value: $648,400
  • Assessed Improvements Value: $1,527,700

    Sales

  • Current Sale Recording Date: Sep 25, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 256
  • Previous Sale Recording Date: Nov 20, 2014
  • Previous Sale Amount: $345,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2590 ft²

Average Home Age

73.9 years

Currently For Sale

1403 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: 4 months ago
Data Source: MLS PIN, MLS# 71726687

Frequently Asked Questions

When was property at 3 Norma Way built and last sold?
The property at 3 Norma Way was built in 2015 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 3 Norma Way is $388,749.
What are some comparable homes to 3 Norma Way?
There are currently no comparable homes to 3 Norma Way.
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