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Norfolk
3 Phillips Street
$265,000
● House - Off Market

3 Phillips Street

Medway, MA 02053
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,376 Ft²
$681,319
RealtyHop Estimate
157.20%
Since May 1, 2002
National-US
Primary Model

About This Property

LOVELY UPDATED ANTIQUE COLONIAL IN GREAT LOCATION.  HARDWOOD FLOORS IN LIVING & FAMILY ROOMS, BUILT-IN SHELVING IN FAM RM 1ST FLOOR LAUNDRY, GREAT FENCED IN YARD. ROOF 4 YRS OLD, ALL WINDOWS REPLACED 6 YRS AGO, CEILING FANS IN ALL BEDROOMS.
Unit Size
1,376 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$193
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1860

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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 #30582835)

Price History

Date / Event Date Event Price
May 21, 2021 Sold
Premium
Sold
Apr 30, 2002 Sold
Premium
Sold
Feb 26, 2002 Listed by Coldwell Banker Realty - Franklin $264,900
Listed by Coldwell Banker Realty - Franklin
Apr 19, 1996 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 775
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,928
  • Total Building Area: 1,013
  • Gross Building Area: 2,341
  • Building Area: 1,013
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,013
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000182
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medway School District
  • School Tax School District: MEDWAY SD
  • Census Tract: 408102

Zoning

  • Zoning: ARII

Geography

  • Account Number: 2A-63
  • Parcel: MEDW M:58 B:037
  • Block: 37
  • Municipality: MEDWAY
  • Latitude: 42.1443
  • Longitude: -71.423

    Address

  • Full Address: 3 Phillips St
  • Address - House Number: 3
  • Address - Street Name: Phillips
  • Address - Suffix Type: St
  • State: MA
  • City Name: Medway
  • Carrier Code: C002
  • 4-Digit Zip Code: 1521
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $600,300

    Appraisal Valuation

  • Standard Deviation: 0.2524
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 425,112
  • High Value: 532,424
  • Low Value: 317,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $376,600
  • Assessed Land Value: $232,000
  • Assessed Improvements Value: $144,600

    Sales

  • Current Sale Contract Date: May 21, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 67013
  • Previous Sale Recording Date: Apr 30, 2002
  • Previous Sale Amount: $265,000
  • 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 Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

55

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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30582835

Frequently Asked Questions

When was property at 3 Phillips Street built and last sold?
The property at 3 Phillips Street was built in 1860 and last sold on May 21, 2021 for $360,000.
How much is this home worth?
The estimated value of the home located at 3 Phillips Street is $0.
What are some comparable homes to 3 Phillips Street?
There are currently no comparable homes to 3 Phillips Street.
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