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Norfolk
38 Waterview Dr
$499,000
● House - Off Market

38 Waterview Dr

Medway, MA 02053
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,250 Ft²
$718,318
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Welcome to 38 Waterview Drive, Medway! This move in ready hip roof colonial overlooks the Charles River offering scenic views and a pristine half acre in a wonderful neighborhood. Inside boasts 4 bedrooms, 2.5 baths and has been completely updated in the past 6 years. It offers fresh current colors, new hard wood floors throughout the first floor, updated baths, recessed lighting up and down, new fixtures, a gas fireplace, and a serene cathedral ceiling 4 season sun-room overlooking the river. Further updates to mention are the new front  and back walkways, stone walls, new roof and professional landscaping. There is so much to enjoy and appreciate. Come home to relax, kayak out the back, take a walk or just enjoy time out on the back deck. All this can be yours just minutes from 495 for commuter access.
Unit Size
2,250 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$218
Property Type
House
Property Taxes
$560
HOA Dues
-
Year Built
1981

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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: 5 months ago (MLSPIN #72526301)

Price History

Date / Event Date Event Price
Aug 23, 2019 Sold
Premium
Sold
Jun 27, 2019 Listed by RE/MAX Executive Realty $489,900
Listed by RE/MAX Executive Realty
Jun 28, 2013 Sold
Premium
Sold
Apr 30, 2013 Listed by RE/MAX Executive Realty $342,800
Listed by RE/MAX Executive Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 864
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,045
  • Total Building Area: 2,050
  • Gross Building Area: 3,138
  • Building Area: 2,050
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,050
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000552
  • 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: 408102

Zoning

  • Zoning: ARII

Geography

  • Account Number: 2-103-14
  • Parcel: MEDW M:67 B:071
  • Block: 71
  • Municipality: MEDWAY
  • Latitude: 42.1382
  • Longitude: -71.4322

    Address

  • Full Address: 38 Waterview Dr
  • Address - House Number: 38
  • Address - Street Name: Waterview
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Medway
  • Carrier Code: R001
  • 4-Digit Zip Code: 1661
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $834,100

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 697,999
  • High Value: 815,636
  • Low Value: 580,362

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $523,300
  • Assessed Land Value: $265,900
  • Assessed Improvements Value: $257,400

    Sales

  • Current Sale Contract Date: Aug 19, 2019
  • Current Sale Recording Date: Aug 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 73928
  • Previous Sale Recording Date: Jun 28, 2013
  • Previous Sale Amount: $342,800
  • 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 Norfolk

Stats & Trends

Median Asking:

$754,950

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2524 ft²

Average Home Age

60.6 years

Currently For Sale

1457 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# 72526301

Frequently Asked Questions

When was property at 38 Waterview Drive built and last sold?
The property at 38 Waterview Drive was built in 1981 and last sold on Aug 19, 2019 for $499,000.
How much is this home worth?
The estimated value of the home located at 38 Waterview Drive is $517,270.
What are some comparable homes to 38 Waterview Drive?
There are currently no comparable homes to 38 Waterview Drive.
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