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Norfolk
302 School St
$399,000
● House - Off Market

302 School St

Stoughton, MA 02072
bedrooms
3 Beds
bathrooms
1 Bath
square feet
950 Ft²
$397,968
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

Opportunity to own a single family with oversized garage but this property has the development potential of up to 4 townhouses/units.   Water/sewer & gas on site.   Owner is in the initial stages & expects to begin development in 2 weeks but will sell the property before beginning plans to develop.   This is an Entry Only Listing. Please follow Special Showing Instructions.
Unit Size
950 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$420
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1900

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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: 6 months ago (MLSPIN #73131562)

Price History

Date / Event Date Event Price
Jul 21, 2023 Sold
Premium
Sold
Jul 9, 2023 In contract -
In contract
Jul 3, 2023 Listed by Michelle Kelley Realty, LLC $399,000
Listed by Michelle Kelley Realty, LLC
Jun 21, 2023 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 561
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,945
  • Total Building Area: 906
  • Gross Building Area: 1,926
  • Building Area: 906
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 906
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000389
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Stoughton School District
  • School Tax School District: STOUGHTON SD
  • Census Tract: 456401

Zoning

  • Zoning: RU

Geography

  • Account Number: 42_134
  • Parcel: STOU M:0042 B:0134 L:0000
  • Block: 134
  • Municipality: STOUGHTON
  • Latitude: 42.1231
  • Longitude: -71.1109

    Address

  • Full Address: 302 School St
  • Address - House Number: 302
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Stoughton
  • Carrier Code: C026
  • 4-Digit Zip Code: 2753
  • Zip Code: 02072

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $481,700

    Appraisal Valuation

  • Standard Deviation: 0.2391
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 395,477
  • High Value: 490,057
  • Low Value: 300,897

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $355,500
  • Assessed Land Value: $186,700
  • Assessed Improvements Value: $168,800

    Sales

  • Current Sale Contract Date: Jul 19, 2023
  • Current Sale Recording Date: Jul 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 46492
  • Previous Sale Recording Date: Jun 21, 2023
  • Previous Sale Contract Date: Jun 16, 2023
  • Previous Sale Amount: $274,000
  • Previous Sale Document Type: 34
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

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2528 ft²

Average Home Age

60.6 years

Currently For Sale

1364 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: 6 months ago
Data Source: MLS PIN, MLS# 73131562

Frequently Asked Questions

When was property at 302 School Street built and last sold?
The property at 302 School Street was built in 1900 and last sold on Jul 19, 2023 for $399,000.
How much is this home worth?
The estimated value of the home located at 302 School Street is $403,461.
What are some comparable homes to 302 School Street?
There are currently no comparable homes to 302 School Street.
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