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Somerset 02726
490 Kaufman Road
$195,000
● House - Off Market

490 Kaufman Road

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,026 Ft²
$418,420
RealtyHop Estimate
114.68%
Since Aug 1, 2012
National-US
Primary Model

About This Property

FIRST OFFERING!!  AFFORDABLE AND SOLIDLY BUILT 3 BED, 2 BATH RANCH ON HALF ACRE LOT WITH INGROUND POOL. IN THE LAST 15 YEARS, THE SELLER PUT IN CENTRAL AIR, SLIDER OFF DINING AREA TO A HUGE, COVERED PORCH OVERLOOKING AN INGROUND POOL.  BACKYARD IS FENCED. ALSO, VINYL SIDING, SOME REPLACEMENT VINYL WINDOWS, ROOF AND GARAGE DOOR AND SHOWER BATH IN THE GARAGE DONE AT THE SAME TIME. THE MAIN BATH HAS BEEN UPDATED, ALSO. THE BASEMENT HAS 504 S/FT OF FINISHED SPACE, NOT INCLUDED IN THE GLA.
Unit Size
1,026 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$190
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1962

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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 #71392114)

Price History

Date / Event Date Event Price
Dec 31, 2020 Sold
Premium
Sold
Nov 17, 2020 Listed by Carol Brannaka REALTORS® $360,000
Listed by Carol Brannaka REALTORS®
Aug 1, 2012 Sold
Premium
Sold
Jun 5, 2012 Listed by Carol Brannaka REALTORS® $194,900
Listed by Carol Brannaka REALTORS®

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,008
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 1,008
  • Gross Building Area: 2,016
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUBURBIA SOMERSET SEC 03
  • Land Acres: 0000000500
  • 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:0B6 L:0294
  • Lot: 294
  • Municipality: SOMERSET
  • Latitude: 41.733
  • Longitude: -71.1701

    Address

  • Full Address: 490 Kaufman Rd
  • Address - House Number: 490
  • Address - Street Name: Kaufman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Somerset
  • Carrier Code: C063
  • 4-Digit Zip Code: 2522
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $536,200

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 476,201
  • High Value: 561,447
  • Low Value: 390,954

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $422,900
  • Assessed Land Value: $165,100
  • Assessed Improvements Value: $257,800

    Sales

  • Current Sale Contract Date: Dec 31, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25181
  • Previous Sale Recording Date: Aug 01, 2012
  • Previous Sale Amount: $195,000
  • 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:

$530,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1758 ft²

Average Home Age

66.9 years

Currently For Sale

23 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# 71392114

Frequently Asked Questions

When was property at 490 Kaufman Road built and last sold?
The property at 490 Kaufman Road was built in 1962 and last sold on Dec 31, 2020 for $375,000.
How much is this home worth?
The estimated value of the home located at 490 Kaufman Road is $379,067.
What are some comparable homes to 490 Kaufman Road?
There are currently no comparable homes to 490 Kaufman Road.
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