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Somerset 02726
48 Apostle Rd
$422,500
● House - Off Market

48 Apostle Rd

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,668 Ft²
$397,406
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Estate sale, contingent on obtaining a license to sell through probate. 45-60 day closing. Large sprawling ranch in one of the nicest neighborhoods in Somerset. This home has a huge kitchen-dining area, along with a sunken living room with fireplace. The 3 bedrooms are good size with big closets, and it also has a 2 car garage. The huge basement with high ceilings could provide additional living in the future. The lot is beautiful, and fenced on 2 sides. With some updating this home will be gorgeous!
Unit Size
1,668 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$240
Property Type
House
Property Taxes
$445
HOA Dues
-
Year Built
1965

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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: 5 months ago (MLSPIN #73129838)

Price History

Date / Event Date Event Price
Sep 7, 2023 Sold
Premium
Sold
Jul 11, 2023 In contract -
In contract
Jun 26, 2023 Listed by Homestead Properties $399,900
Listed by Homestead Properties

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,668
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,668
  • Gross Building Area: 3,336
  • Building Area: 1,668
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,668
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • 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: 644101

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0C6 L:0054
  • Lot: 54
  • Municipality: SOMERSET
  • Latitude: 41.7528
  • Longitude: -71.1538

    Address

  • Full Address: 48 Apostle Rd
  • Address - House Number: 48
  • Address - Street Name: Apostle
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Somerset
  • Carrier Code: C058
  • 4-Digit Zip Code: 3325
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $533,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1923
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 488,518
  • High Value: 582,480
  • Low Value: 394,556

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $420,900
  • Assessed Land Value: $167,800
  • Assessed Improvements Value: $253,100

    Sales

  • Current Sale Contract Date: Sep 07, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12260
  • Previous Sale Recording Date: Jul 26, 2018
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

53

Average Home Size

1748 ft²

Average Home Age

59.2 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73129838

Frequently Asked Questions

When was property at 48 Apostle Road built and last sold?
The property at 48 Apostle Road was built in 1965 and last sold on Sep 7, 2023 for $422,500.
How much is this home worth?
The estimated value of the home located at 48 Apostle Road is $416,339.
What are some comparable homes to 48 Apostle Road?
There are currently no comparable homes to 48 Apostle Road.
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