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Somerset 02725
413 Velozo Ave
$520,000
● House - Off Market

413 Velozo Ave

Somerset, MA 02725
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,696 Ft²
$481,510
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Absolutely Picture Perfect Inside & Out! This is the Home You've Been Waiting For! Featuring an Open Floor Plan, Hardwoods, Amazing Kitchen with Large Center Island, Stainless Appliances, Beautiful Backsplash and Built in Desk Area, this Kitchen is Sure to Please the Chef in your Family! The Luxurious First Floor Master Suite Features a Large Walk in Closet, Private Large Bath with 2 Person Custom Tiled Shower, Double Vanities and Stunning Soak in Tub!  Two Additional Bedrooms and Full Bath Complete the Second Floor. Partially Finished Basement, New Windows, New Siding, Recently Updated Boiler & Water Heater, Beautiful Stamped Concrete Driveway and Backyard Patio and Located on a Dead End Street!  The Only Thing Missing from this Home is You!
Unit Size
1,696 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$280
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1950

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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 #72944804)

Price History

Date / Event Date Event Price
Apr 22, 2022 Sold
Premium
Sold
Feb 21, 2022 Listed by Milestone Realty, Inc. $475,000
Listed by Milestone Realty, Inc.
Sep 21, 2018 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 896
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,144
  • Total Building Area: 1,696
  • Gross Building Area: 2,592
  • Building Area: 1,696
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,696
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644200

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:A12 L:0086
  • Lot: 86
  • Municipality: SOMERSET
  • Latitude: 41.73
  • Longitude: -71.1866

    Address

  • Full Address: 413 Velozo Ave
  • Address - House Number: 413
  • Address - Street Name: Velozo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Somerset
  • Carrier Code: C070
  • 4-Digit Zip Code: 1134
  • Zip Code: 02725

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $444,800

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 448,626
  • High Value: 523,580
  • Low Value: 373,672

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $350,800
  • Assessed Land Value: $140,500
  • Assessed Improvements Value: $210,300

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7466
  • Previous Sale Recording Date: Sep 21, 2018
  • Previous Sale Amount: $192,000
  • 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 Somerset

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$330

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1901 ft²

Average Home Age

58 years

Currently For Sale

26 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# 72944804

Frequently Asked Questions

When was property at 413 Velozo Avenue built and last sold?
The property at 413 Velozo Avenue was built in 1950 and last sold on Apr 22, 2022 for $520,000.
How much is this home worth?
The estimated value of the home located at 413 Velozo Avenue is $488,266.
What are some comparable homes to 413 Velozo Avenue?
There are currently no comparable homes to 413 Velozo Avenue.
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