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Milford 01757
40 Prospect St
$280,000
● House - Off Market

40 Prospect St

Milford, MA 01757
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,546 Ft²
$454,598
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Spacious village colonial situated on almost a half an acre lot, detached garage, private backyard. Solid home with a functional floor plan, features a large eat-in kitchen with a center island, wide pine flooring throughout and recent improvements to the roof/gutters and a new boiler.  Located in the flexible Office Residential Zone will make this an attractive option with additional allowed uses.
Unit Size
1,546 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$194
Property Type
House
Property Taxes
$339
HOA Dues
-
Year Built
1850

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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: 6 months ago (MLSPIN #72311150)

Price History

Date / Event Date Event Price
Jun 21, 2018 Sold
Premium
Sold
Apr 18, 2018 Listed by Property Services Network $299,900
Listed by Property Services Network
Jul 20, 2005 Sold
Premium
Sold
Mar 10, 2005 Listed by Property Services Network $329,000
Listed by Property Services Network

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 917
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 1,788
  • Gross Building Area: 3,300
  • Building Area: 1,788
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,788
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Milford School District
  • School Tax School District: MILFORD SD
  • Census Tract: 744400

Zoning

  • Zoning: OR

Geography

  • Parcel: MILF M:51 B:000 L:57
  • Lot: 57
  • Municipality: MILFORD
  • Latitude: 42.134
  • Longitude: -71.5308

    Address

  • Full Address: 40 Prospect St
  • Address - House Number: 40
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Milford
  • Carrier Code: C019
  • 4-Digit Zip Code: 3026
  • Zip Code: 01757

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $545,200

    Appraisal Valuation

  • Standard Deviation: 0.235
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 470,534
  • High Value: 581,157
  • Low Value: 359,912

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $410,200
  • Assessed Land Value: $156,400
  • Assessed Improvements Value: $253,800

    Sales

  • Current Sale Recording Date: Jun 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 61485
  • Previous Sale Recording Date: Jul 20, 2005
  • Previous Sale Amount: $329,000
  • 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 Milford

Stats & Trends

Median Asking:

$541,950

Sale Price/ft²

$291

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1860 ft²

Average Home Age

65.3 years

Currently For Sale

40 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: 6 months ago
Data Source: MLS PIN, MLS# 72311150

Frequently Asked Questions

When was property at 40 Prospect Street built and last sold?
The property at 40 Prospect Street was built in 1850 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 40 Prospect Street is $314,165.
What are some comparable homes to 40 Prospect Street?
There are currently no comparable homes to 40 Prospect Street.
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