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Somerset 02725
37 Hanley Rd
$345,000
● House - Off Market

37 Hanley Rd

Somerset, MA 02725
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,152 Ft²
$445,027
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Beautifully remodeled ranch with a partially finished basement and attached garage. The open concept living room and kitchen create the perfect atmosphere for entertaining while still being cozy enough to enjoy with the family. Down the hall you will find a nicely finished bathroom with a gorgeous tile tub surround followed by three perfectly sized bedrooms to create single level living at its finest. The over sized one car garage allows enough room for a work area and is connected to a useful entryway that can be home to all of your jackets and shoes. The exterior has brand new vinyl siding and a brand new roof. All this and nestled at the end of a dead end street in a quiet neighborhood.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$282
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1963

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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: 5 months ago (MLSPIN #72683894)

Price History

Date / Event Date Event Price
Aug 6, 2020 Sold
Premium
Sold
Jul 1, 2020 Listed by Amaral & Associates RE $324,900
Listed by Amaral & Associates RE
May 4, 2020 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,008
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,629
  • Total Building Area: 1,152
  • Gross Building Area: 2,160
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000244
  • 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:0A3 L:0052
  • Lot: 52
  • Municipality: SOMERSET
  • Latitude: 41.7163
  • Longitude: -71.1788

    Address

  • Full Address: 37 Hanley Rd
  • Address - House Number: 37
  • Address - Street Name: Hanley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Somerset
  • Carrier Code: C069
  • 4-Digit Zip Code: 1919
  • Zip Code: 02725

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $464,100

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 462,746
  • High Value: 541,237
  • Low Value: 384,254

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $366,000
  • Assessed Land Value: $126,200
  • Assessed Improvements Value: $239,800

    Sales

  • Current Sale Contract Date: Aug 06, 2020
  • Current Sale Recording Date: Aug 06, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13586
  • Previous Sale Recording Date: May 04, 2020
  • Previous Sale Contract Date: May 04, 2020
  • Previous Sale Amount: $180,000
  • 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 Somerset

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1741 ft²

Average Home Age

59.2 years

Currently For Sale

25 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: 5 months ago
Data Source: MLS PIN, MLS# 72683894

Frequently Asked Questions

When was property at 37 Hanley Road built and last sold?
The property at 37 Hanley Road was built in 1963 and last sold on Aug 6, 2020 for $345,000.
How much is this home worth?
The estimated value of the home located at 37 Hanley Road is $334,808.
What are some comparable homes to 37 Hanley Road?
There are currently no comparable homes to 37 Hanley Road.
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