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Somerset 02725
353 Enterprise Dr.
$235,000
● House - Off Market

353 Enterprise Dr.

Somerset, MA 02725
bedrooms
2 Beds
bathrooms
1 Bath
square feet
803 Ft²
$464,407
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

Waterfront without flood Insurance required! Whether you love to fish or jump in your boat and take a ride to Newport you will have more time to enjoy your family time or retirement in this low maintenance home! Watch the sunset from any spot in your back yard. Many new updates including state of the art kitchen appliances , cabinets and granite. Convenient single floor living with an open floor plan great for entertaining or spending more quality time with your family. One car garage and attic storage.
Unit Size
803 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$311
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1948

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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 #71705181)

Price History

Date / Event Date Event Price
Aug 22, 2014 Sold
Premium
Sold
Jun 25, 2014 Listed by Prestige Realty Experts Inc. $250,000
Listed by Prestige Realty Experts Inc.
Aug 8, 2013 Sold
Premium
Sold
Jun 25, 2013 Listed by Prestige Realty Experts Inc. $125,000
Listed by Prestige Realty Experts Inc.
Riverfront Bungalow needs rehab, but offers lots of potential. Covered porch. Off streeet parking with 1 car garage. Back yard has stairs to water. Great oportunity for investor or contractor.
Nov 2, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 800
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,362
  • Total Building Area: 803
  • Gross Building Area: 803
  • Building Area: 803
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 803
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000169
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644200

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:A12 L:0004
  • Lot: 4
  • Municipality: SOMERSET
  • Latitude: 41.7321
  • Longitude: -71.1897

    Address

  • Full Address: 353 Enterprise Dr
  • Address - House Number: 353
  • Address - Street Name: Enterprise
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Somerset
  • Carrier Code: C070
  • 4-Digit Zip Code: 1103
  • Zip Code: 02725

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $459,500

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 459,954
  • High Value: 537,973
  • Low Value: 381,936

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $362,400
  • Assessed Land Value: $236,600
  • Assessed Improvements Value: $125,800

    Sales

  • Current Sale Recording Date: Aug 22, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11526
  • Previous Sale Recording Date: Nov 02, 1999
  • Previous Sale Amount: $106,000
  • 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 Somerset

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$331

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1901 ft²

Average Home Age

58 years

Currently For Sale

26 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: 4 months ago
Data Source: MLS PIN, MLS# 71705181

Frequently Asked Questions

When was property at 353 Enterprise Drive built and last sold?
The property at 353 Enterprise Drive was built in 1948 and last sold on Jan 1, 1970 for $235,000.
How much is this home worth?
The estimated value of the home located at 353 Enterprise Drive is $253,717.
What are some comparable homes to 353 Enterprise Drive?
There are currently no comparable homes to 353 Enterprise Drive.
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