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Bourne 02532
35 Olney Road
$699,000
● House - Off Market

35 Olney Road

Bourne, MA 02532
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,612 Ft²
$3,763
Est. Monthly

About This Property

Exceptionally well-built home in desirable Gray Gables oceanfront community has been beautifully restored and enhanced.  Rights to Gray Gables Beach and others. First-floor bedroom.  2 new highly energy-efficient electric heat pumps & condensers deliver your HVAC.  New septic!  New baths and tasteful kitchen with new SS appliance, breakfast bar & large pantry, refinished original hardwood floors, new windows, exterior doors and maintenance-free James Hardie siding & PVC trim. Waterproofed basement. Exceptionally well insulated throughout! Big private backyard for entertaining. Plenty of room to attach 2-car garage. View blue herons & wonderful waterfowl from small pond in backyard.  Easy, quick access to Cape bridges.
Unit Size
1,612 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$434
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1952

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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 #73167075)

Price History

Date / Event Date Event Price
Dec 18, 2023 Sold
Premium
Sold
Nov 16, 2023 In contract -
In contract
Nov 5, 2023 Price Decreased $699,000
↓ $26K (3.6%)
Price Decreased
Oct 30, 2023 Price Decreased $725,000
↓ $24K (3.2%)
Price Decreased
Oct 20, 2023 Price Increased $749,000
↑ $50K (7.2%)
Price Increased
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 13,852
  • Total Building Area: 1,642
  • Gross Building Area: 2,478
  • Building Area: 1,642
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,642
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000318
  • 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: 5428
  • Parcel: BOUR M:26.2 P:7
  • Municipality: BOURNE
  • Latitude: 41.7364
  • Longitude: -70.6163

    Address

  • Full Address: 35 Olney Rd
  • Address - House Number: 35
  • Address - Street Name: Olney
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Buzzards Bay
  • Carrier Code: R001
  • 4-Digit Zip Code: 5412
  • Zip Code: 02532

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $483,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2164
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 712,263
  • High Value: 866,414
  • Low Value: 558,111

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $602,700
  • Assessed Land Value: $236,700
  • Assessed Improvements Value: $366,000

    Sales

  • Current Sale Contract Date: Dec 18, 2023
  • Current Sale Recording Date: Dec 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 50836
  • Previous Sale Recording Date: May 05, 2023
  • Previous Sale Contract Date: May 04, 2023
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$774,550

Sale Price/ft²

$461

Below Asking

0.02%

Average Days on Market

60

Average Home Size

1773 ft²

Average Home Age

51.8 years

Currently For Sale

6 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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73167075

Frequently Asked Questions

When was property at 35 Olney Road built and last sold?
The property at 35 Olney Road was built in 1952 and last sold on Dec 18, 2023 for $699,000.
How much is this home worth?
The estimated value of the home located at 35 Olney Road is $703,050.
What are some comparable homes to 35 Olney Road?
There are currently no comparable homes to 35 Olney Road.
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