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Norfolk
4 Lee Lane
$352,000
● House - Off Market

4 Lee Lane

Medway, MA 02053
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,517 Ft²
$556,170
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Recently remodeled, this home is move-in ready and can accommodate a quick closing. Town water, town sewer, and natural gas heat. New, eat-in kitchen with white cabinets and granite countertops, new appliances and flooring. This light and bright home has refinished hardwood flooring through most of 1st floor. Cathedral living room great for entertaining. This energy efficient home has been professionally insulated and has all new windows. Nicely remodeled bath. Finished game room in lower level.  Furnace 2002. Roof 2005. Carefree vinyl siding. Nice level yard for fun, entertaining, or just relaxing. All this, set in a wonderful neighborhood close to shopping and schools.
Unit Size
1,517 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$231
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1961

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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 #72223129)

Price History

Date / Event Date Event Price
Oct 31, 2017 Sold
Premium
Sold
Sep 5, 2017 Listed by RE/MAX Executive Realty $349,900
Listed by RE/MAX Executive Realty
Jun 5, 2017 Sold
Premium
Sold
May 14, 2017 Listed by RE/MAX Executive Realty $299,000
Listed by RE/MAX Executive Realty

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,212
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,212
  • Gross Building Area: 2,712
  • Building Area: 1,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,212
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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: 408104

Zoning

  • Zoning: ARII

Geography

  • Account Number: 6-187
  • Parcel: MEDW M:32 B:047
  • Block: 47
  • Municipality: MEDWAY
  • Latitude: 42.1556
  • Longitude: -71.3989

    Address

  • Full Address: 4 Lee Ln
  • Address - House Number: 4
  • Address - Street Name: Lee
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Medway
  • Carrier Code: C003
  • 4-Digit Zip Code: 1724
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $704,400

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 565,167
  • High Value: 652,700
  • Low Value: 477,635

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $441,900
  • Assessed Land Value: $234,700
  • Assessed Improvements Value: $207,200

    Sales

  • Current Sale Recording Date: Oct 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 104356
  • Previous Sale Recording Date: Jun 05, 2017
  • Previous Sale Amount: $285,000
  • 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 Norfolk

Stats & Trends

Median Asking:

$752,900

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2544 ft²

Average Home Age

60.4 years

Currently For Sale

1421 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# 72223129

Frequently Asked Questions

When was property at 4 Lee Lane built and last sold?
The property at 4 Lee Lane was built in 1961 and last sold on Jan 1, 1970 for $352,000.
How much is this home worth?
The estimated value of the home located at 4 Lee Lane is $367,198.
What are some comparable homes to 4 Lee Lane?
There are currently no comparable homes to 4 Lee Lane.
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