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Norfolk
4 Summit Road
$546,000
● House - Off Market

4 Summit Road

Medway, MA 02053
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,945 Ft²
$1,331,235
RealtyHop Estimate
142.09%
Since Feb 1, 2003
National-US
Primary Model

About This Property

THE EXQUISITE LANDSCAPING INCLUDING BRICK WALKWAY, GRANITE STEPS, OVERSIZED DECK, PATIO AND PLANTINGS ARE JUST THE TIP OF THE ICEBERG, INSIDE DISCOVER MAPLE CABINETS, CORNER FIRE- PLACE, HARWOODS, QUALITY CRAFTSMANSHIP THROUGHOUT!
Unit Size
2,945 Ft²
Days on Market
-
Land Size
1.14 acres
Price per sqft
$187
Property Type
House
Property Taxes
$502
HOA Dues
$341
Year Built
1999

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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: 4 months ago (MLSPIN #30642751)

Price History

Date / Event Date Event Price
Jun 24, 2011 Sold
Premium
Sold
Mar 30, 2011 Listed by RE/MAX Executive Realty $539,900
Listed by RE/MAX Executive Realty
Jan 17, 2003 Sold
Premium
Sold
Sep 5, 2002 Listed by RE/MAX Executive Realty $549,900
Listed by RE/MAX Executive Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • 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: 7
  • Basement Area: 1,248
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,702
  • Total Building Area: 2,772
  • Gross Building Area: 5,199
  • Building Area: 2,772
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,772
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLAYBROOK 02
  • Land Acres: 0000001141
  • 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: Jan 01, 1970
  • Parcel: MEDW M:06 B:004
  • Block: 4
  • Municipality: MEDWAY
  • Latitude: 42.17
  • Longitude: -71.4488

    Address

  • Full Address: 4 Summit Rd
  • Address - House Number: 4
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Medway
  • Carrier Code: R004
  • 4-Digit Zip Code: 6123
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,161,700

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 900,619
  • High Value: 1,040,106
  • Low Value: 761,132

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $728,800
  • Assessed Land Value: $310,000
  • Assessed Improvements Value: $418,800

    Sales

  • Current Sale Recording Date: Jun 24, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000005
  • Previous Sale Recording Date: Jan 17, 2003
  • Previous Sale Amount: $546,000
  • 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

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2621 ft²

Average Home Age

59.6 years

Currently For Sale

1323 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: 4 months ago
Data Source: MLS PIN, MLS# 30642751

Frequently Asked Questions

When was property at 4 Summit Road built and last sold?
The property at 4 Summit Road was built in 1999 and last sold on Jan 1, 1970 for $535,000.
How much is this home worth?
The estimated value of the home located at 4 Summit Road is $586,254.
What are some comparable homes to 4 Summit Road?
There are currently no comparable homes to 4 Summit Road.
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