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Somerset 02725
38 River Rd
$230,000
● House - Off Market

38 River Rd

Somerset, MA 02725
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,170 Ft²
$361,226
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Start your family in this well loved home~Nice Somerset Neighborhood.    Easy on/off highway~Located only minutes away from I-195.    This is a strong solid, well maintained home that needs some minor updating.    First floor Master Bedroom, and Laundry along with Newer roof, and windows.   Built in Storage and cedar closets.   With some TLC make this house YOUR HOME.
Unit Size
1,170 Ft²
Days on Market
-
Land Size
-
Price per sqft
$192
Property Type
House
Property Taxes
$269
HOA Dues
-
Year Built
1951

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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 #72173178)

Price History

Date / Event Date Event Price
Jun 28, 2017 Sold
Premium
Sold
May 31, 2017 Listed by High Pointe Properties $225,000
Listed by High Pointe Properties

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 234
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,013
  • Total Building Area: 1,170
  • Gross Building Area: 1,404
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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:0016
  • Lot: 16
  • Municipality: SOMERSET
  • Latitude: 41.7317
  • Longitude: -71.1874

    Address

  • Full Address: 38 River Rd
  • Address - House Number: 38
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Somerset
  • Carrier Code: C070
  • 4-Digit Zip Code: 1124
  • Zip Code: 02725

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $385,000

    Appraisal Valuation

  • Standard Deviation: 0.2352
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 52
  • Final Value: 381,480
  • High Value: 471,237
  • Low Value: 291,722

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $303,600
  • Assessed Land Value: $140,400
  • Assessed Improvements Value: $163,200

    Sales

  • Current Sale Recording Date: Jun 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10634
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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72173178

Frequently Asked Questions

When was property at 38 River Road built and last sold?
The property at 38 River Road was built in 1951 and last sold on Jan 1, 1970 for $230,000.
How much is this home worth?
The estimated value of the home located at 38 River Road is $238,114.
What are some comparable homes to 38 River Road?
There are currently no comparable homes to 38 River Road.
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