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Franklin 01364
366 Mayo Road
$305,000
● House - Off Market

366 Mayo Road

Orange, MA 01364
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$489,064
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Contractors home built in 2008. Illness has forced the sale of exquisite water front home. Add your own finishing touches to complete this once in a life time opportunity. 3 or more bedrooms. Master Bedroom with balcony overlooking the water. The glassed living room and family room  afford breath taking year round views. First floor has radiant heat for cold month comfort. The concrete is poured so you can add an oversized 2 garage garage. Home will require moldings around doors/ windows and around baseboards.  Also, flooring on second floor and stairs needs completion. Basement area has family room and a fireplace. Basement is also rough plumbed for another bathroom. Add a few light fixtures and some landscaping and presto!!
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$137
Property Type
House
Property Taxes
$654
HOA Dues
-
Year Built
2008

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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 #72553088)

Price History

Date / Event Date Event Price
Mar 20, 2020 Sold
Premium
Sold
Aug 21, 2019 Listed by Burbank Real Estate $342,000
Listed by Burbank Real Estate
May 2, 2007 Sold
Premium
Sold
May 15, 2006 Listed by Burbank Real Estate $99,000
Listed by Burbank Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 996
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,488
  • Total Building Area: 1,827
  • Gross Building Area: 3,656
  • Building Area: 1,827
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,827
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000264
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ralph C. Mahar School District
  • School Tax School District: ORANGE SD
  • School Tax District Code 2: RALPH C MAHAR
  • Census Tract: 040502

Zoning

  • Zoning: D

Geography

  • Account Number: 267
  • Parcel: ORAN M:0102 B:0000 L:00043
  • Lot: 43
  • Municipality: ORANGE
  • Latitude: 42.6372
  • Longitude: -72.2346

    Address

  • Full Address: 366 Mayo Rd
  • Address - House Number: 366
  • Address - Street Name: Mayo
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Orange
  • Carrier Code: R002
  • 4-Digit Zip Code: 9561
  • Zip Code: 01364

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $759,000

    Appraisal Valuation

  • Standard Deviation: 0.2614
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 499,127
  • High Value: 629,496
  • Low Value: 368,758

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $435,200
  • Assessed Land Value: $91,200
  • Assessed Improvements Value: $344,000

    Sales

  • Current Sale Contract Date: Mar 11, 2020
  • Current Sale Recording Date: Mar 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 2789
  • Previous Sale Recording Date: May 02, 2007
  • Previous Sale Amount: $94,000
  • 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 Franklin

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

59

Average Home Size

2172 ft²

Average Home Age

99.4 years

Currently For Sale

156 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# 72553088

Frequently Asked Questions

When was property at 366 Mayo Road built and last sold?
The property at 366 Mayo Road was built in 2008 and last sold on Mar 11, 2020 for $305,000.
How much is this home worth?
The estimated value of the home located at 366 Mayo Road is $352,628.
What are some comparable homes to 366 Mayo Road?
There are currently no comparable homes to 366 Mayo Road.
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