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Wareham Center 02571
402 Main
$340,000
● House - Off Market

402 Main

Wareham, MA 02571
bedrooms
6 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,506 Ft²
$2,103
Est. Monthly

About This Property

Nestled on a bustling downtown Main Street, this multifamily home commands attention with its historic charm and prime location. Situated within proximity to the  Southcoast Tobey Hospital and the  vibrant Cranberry Crossing shopping district, it offers unparalleled convenience for residents.  However, this property requires ample attention and care to restore its full potential.  Investing in this multifamily homes presents an exciting opportunity for revitalization and community engagement.  May have 40B potential.  Property Sold As Is Where Is. All Inspections Buyer's Responsibility.
Unit Size
2,506 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$146
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1900

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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 #73201065)

Price History

Date / Event Date Event Price
Mar 6, 2024 Sold
Premium
Sold
Feb 14, 2024 In contract -
In contract
Feb 9, 2024 Listed by Sorenti Properties, LLC $365,000
Listed by Sorenti Properties, LLC

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,768
  • Total Building Area: 2,211
  • Gross Building Area: 3,288
  • Building Area: 2,211
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,211
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Kingston School District
  • School Tax School District: WAREHAM SD
  • Census Tract: 545400

Geography

  • Parcel: WARE M:00061 B:000 L:01071
  • Lot: 1071
  • Municipality: WAREHAM
  • Latitude: 41.7626
  • Longitude: -70.722

    Address

  • Full Address: 402 Main St
  • Address - House Number: 402
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wareham
  • Carrier Code: C005
  • 4-Digit Zip Code: 2117
  • Zip Code: 02571

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $374,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0824
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 93
  • Final Value: 372,215
  • High Value: 402,912
  • Low Value: 341,519

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $333,100
  • Assessed Land Value: $81,300
  • Assessed Improvements Value: $251,800

    Sales

  • Current Sale Contract Date: Mar 06, 2024
  • Current Sale Recording Date: Mar 06, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12774
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 Wareham Center

Stats & Trends

Median Asking:

$442,500

Sale Price/ft²

$459

Below Asking

0.03%

Average Days on Market

62

Average Home Size

1377 ft²

Average Home Age

99.5 years

Currently For Sale

12 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: 4 months ago
Data Source: MLS PIN, MLS# 73201065

Frequently Asked Questions

When was property at 402 Main Street built and last sold?
The property at 402 Main Street was built in 1900 and last sold on Mar 6, 2024 for $340,000.
How much is this home worth?
The estimated value of the home located at 402 Main Street is $367,045.
What are some comparable homes to 402 Main Street?
There are currently no comparable homes to 402 Main Street.
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