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Bourne 02532
34 Olney Rd
$336,000
● House - Off Market

34 Olney Rd

Bourne, MA 02532
bedrooms
2 Beds
bathrooms
1 Bath
square feet
648 Ft²
$327,942
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Calling all Real Estate Investors, Flippers and Contractors.  A great opportunity in the Gray Gables community awaits. Be part of this beautiful neighborhood!  First floor needs complete renovation.  Second floor expansion will double the size of this home and is not included in the current square footage.  Passing 3 Bedroom Septic.  Property will not qualify for conventional financing and will need to be a cash sale.  Very close to the Cape Cod Canal and easy access to the Bourne Bridge.  Don't miss this investment opportunity.  Property sold As-Is.  Realtor/Owner.
Unit Size
648 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$509
Property Type
House
Property Taxes
$216
HOA Dues
-
Year Built
1951

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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 #73143867)

Price History

Date / Event Date Event Price
Sep 8, 2023 Sold
Premium
Sold
Aug 6, 2023 In contract -
In contract
Aug 2, 2023 Listed by Today Real Estate, Inc. $330,000
Listed by Today Real Estate, Inc.
Jul 18, 2023 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 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: 7,187
  • Total Building Area: 648
  • Gross Building Area: 1,668
  • Building Area: 648
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 648
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bourne School District
  • Census Tract: 013900

Zoning

  • Zoning: R40

Geography

  • Account Number: 5458
  • Parcel: BOUR M:26.2 P:39
  • Municipality: BOURNE
  • Latitude: 41.7364
  • Longitude: -70.6158

    Address

  • Full Address: 34 Olney Rd
  • Address - House Number: 34
  • Address - Street Name: Olney
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Buzzards Bay
  • Carrier Code: R001
  • 4-Digit Zip Code: 5413
  • Zip Code: 02532

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $253,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2215
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 55
  • Final Value: 341,577
  • High Value: 417,251
  • Low Value: 265,902

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $316,400
  • Assessed Land Value: $222,700
  • Assessed Improvements Value: $93,700

    Sales

  • Current Sale Contract Date: Sep 07, 2023
  • Current Sale Recording Date: Sep 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35605
  • Previous Sale Recording Date: Jul 18, 2023
  • Previous Sale Contract Date: Jul 18, 2023
  • Previous Sale Amount: $295,000
  • 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 Bourne

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$432

Below Asking

0.03%

Average Days on Market

62

Average Home Size

2171 ft²

Average Home Age

59 years

Currently For Sale

4 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 months ago
Data Source: MLS PIN, MLS# 73143867

Frequently Asked Questions

When was property at 34 Olney Road built and last sold?
The property at 34 Olney Road was built in 1951 and last sold on Sep 7, 2023 for $336,000.
How much is this home worth?
The estimated value of the home located at 34 Olney Road is $327,837.
What are some comparable homes to 34 Olney Road?
There are currently no comparable homes to 34 Olney Road.
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