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Norfolk
38 Clark Street
Photo of 38 Clark Street
Sold on Aug 15, 2025

23

Map

Photo of 38 Clark Street
Photo of 38 Clark Street
$350,000
● House - Off Market

38 Clark Street

Medway, MA 02053
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,440 Ft²
$2,591
Est. Monthly
8.02%
Cap Rate

About This Property

Attention Builders, Investors, and Visionaries! Incredible opportunity to own over 7 acres of land with fantastic potential. Restore the existing 3-bedroom, 1.5-bath home to its former charm, or start fresh and build new. An oversized detached 2-car garage with office space adds even more value and versatility to this property. It is priced below assessed value due to the home's need for significant repairs. Being sold as-is, where-is - buyers and buyer agents are responsible for conducting all due diligence regarding renovation or redevelopment potential. Please note: this property will not qualify for traditional financing. Cash buyers strongly preferred.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
7.14 acres
Price per sqft
$278
Property Type
House
Property Taxes
$627
HOA Dues
-
Year Built
1857

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MLSPIN #73385853)

Price History

Date / Event Date Event Price
Aug 15, 2025 Sold
Premium
Sold
Aug 2, 2025 In contract -
In contract
Jul 18, 2025 Price Decreased $399,900
↓ $30K (7%)
Price Decreased
Jun 4, 2025 Listed $429,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1857
  • Effective Year Built: 1857
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 1,058
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 311,018
  • Total Building Area: 1,440
  • Gross Building Area: 3,880
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007140
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medway School District
  • School Tax School District: MEDWAY SD
  • Census Tract: 408103

Zoning

  • Zoning: AR-I

Geography

  • Account Number: 4-24
  • Parcel: MEDW M:25 B:007
  • Block: 7
  • Municipality: MEDWAY
  • Latitude: 42.155
  • Longitude: -71.4746

    Address

  • Full Address: 38 Clark St
  • Address - House Number: 38
  • Address - Street Name: Clark
  • Address - Suffix Type: St
  • State: MA
  • City Name: Medway
  • Carrier Code: R001
  • 4-Digit Zip Code: 2257
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $728,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 57
  • Final Value: 543,261
  • High Value: 657,770
  • Low Value: 428,751

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $457,200
  • Assessed Land Value: $263,100
  • Assessed Improvements Value: $194,100

    Sales

  • Current Sale Recording Date: Feb 12, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 11446
  • Previous Sale Recording Date: Apr 05, 2007
  • 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 Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2528 ft²

Average Home Age

60.6 years

Currently For Sale

1364 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: 2 years ago
Data Source: MLS PIN, MLS# 73385853

Frequently Asked Questions

When was property at 38 Clark Street built and last sold?
The property at 38 Clark Street was built in 1857 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 38 Clark Street is $0.
What are some comparable homes to 38 Clark Street?
There are currently no comparable homes to 38 Clark Street.
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