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Norfolk
45 Lawrence St
$388,000
● House - Off Market

45 Lawrence St

Norfolk, MA 02056
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$417,505
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Beautifully maintained Ranch with one acre of land! This deceivingly large 3 bed 1 bath home is affordable and ready for you to take ownership. The open floor plan offers ease of entertaining and comfortable family living. Featuring an updated kitchen that leads to the dining room on one side & outdoor patio on the other. A wonderful sun filled living room w/fireplace. Three generous-sized bedrooms. The unfinished walk out basement w/interior access to the garage is awaiting your creative ideas to finish, plenty of space for a family room, exercise room or office w/extra bath.  Enormous yard for your outdoor enjoyment. Conveniently located to the town & train. Click the V icon on the top right to view the floor plan & 3D tour.
Unit Size
960 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$416
Property Type
House
Property Taxes
$530
HOA Dues
-
Year Built
1990

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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: 6 months ago (MLSPIN #72976406)

Price History

Date / Event Date Event Price
Oct 31, 2022 Sold
Premium
Sold
May 4, 2022 Listed by Morrell Realty Group $399,000
Listed by Morrell Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 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: 43,560
  • Total Building Area: 960
  • Gross Building Area: 1,920
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • Census Tract: 409102

Geography

  • Account Number: 83350
  • Parcel: NORF M:0006 B:0002 L:0005
  • Block: 2
  • Lot: 5
  • Municipality: NORFOLK
  • Latitude: 42.0954
  • Longitude: -71.3556

    Address

  • Full Address: 45 Lawrence St
  • Address - House Number: 45
  • Address - Street Name: Lawrence
  • Address - Suffix Type: St
  • State: MA
  • City Name: Norfolk
  • Carrier Code: R003
  • 4-Digit Zip Code: 1910
  • Zip Code: 02056

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $639,100
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1659
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 453,782
  • High Value: 529,097
  • Low Value: 378,467

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $410,500
  • Assessed Land Value: $226,500
  • Assessed Improvements Value: $184,000

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Oct 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 93639
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

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2532 ft²

Average Home Age

60.6 years

Currently For Sale

1358 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72976406

Frequently Asked Questions

When was property at 45 Lawrence Street built and last sold?
The property at 45 Lawrence Street was built in 1990 and last sold on Oct 31, 2022 for $388,000.
How much is this home worth?
The estimated value of the home located at 45 Lawrence Street is $402,604.
What are some comparable homes to 45 Lawrence Street?
There are currently no comparable homes to 45 Lawrence Street.
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