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Berkshire
499 Norton Road
$810,000
● House - Off Market

499 Norton Road

Otis, MA 01253
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,017 Ft²
$821,931
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Discover the allure of modern living in this spacious Post & Beam Contemporary, nestled on a hill by the Otis Reservoir. With its ''treehouse'' vibe & private woodland views, this residence offers a serene escape. Cathedral ceilings & expansive windows flood the open living spaces with light, creating a captivating atmosphere. Boasting 4 bedrooms and 4 baths, including 2 primary suites, the layout ensures comfort and privacy. The lower level is a haven for entertainment. Explore nature out your door with the Old Baldy Reservation hiking trails, and enjoy boating at the nearby Otis Reservoir Marina. Embrace Berkshires' offerings from scenic landscapes to cultural experiences. This modern gem seamlessly blends aesthetics with nature, inviting you to a life of sophistication and connection.
Unit Size
3,017 Ft²
Days on Market
-
Land Size
1.48 acres
Price per sqft
$273
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1989

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73152772)

Price History

Date / Event Date Event Price
Oct 30, 2023 Sold
Premium
Sold
Sep 14, 2023 In contract -
In contract
Aug 26, 2023 Listed by William Pitt Sotheby's International Realty $825,000
Listed by William Pitt Sotheby's International Realty
Jun 22, 2010 Sold
Premium
Sold
Jan 14, 2010 Listed by William Pitt Sotheby's International Realty $549,750
Listed by William Pitt Sotheby's International Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 64,469
  • Total Building Area: 3,017
  • Gross Building Area: 6,377
  • Building Area: 3,017
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,017
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001480
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Farmington River Regional School District
  • School Tax School District: FARMINGTON RIV
  • Census Tract: 933400

Zoning

  • Zoning: R40

Geography

  • Account Number: 1879
  • Parcel: OTIS M:15 L:95
  • Lot: 95
  • Municipality: OTIS
  • Latitude: 42.1738
  • Longitude: -73.0604

    Address

  • Full Address: 499 Norton Rd
  • Address - House Number: 499
  • Address - Street Name: Norton
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Otis
  • Zip Code: 01253

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $393,000

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 823,281
  • High Value: 1,015,154
  • Low Value: 631,409

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $593,700
  • Assessed Land Value: $42,200
  • Assessed Improvements Value: $551,500

    Sales

  • Current Sale Contract Date: Oct 30, 2023
  • Current Sale Recording Date: Oct 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1019840
  • Previous Sale Recording Date: Jun 22, 2010
  • Previous Sale Amount: $475,000
  • 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 Berkshire

Stats & Trends

Median Asking:

$329,950

Sale Price/ft²

$205

Below Asking

0.03%

Average Days on Market

72

Average Home Size

2782 ft²

Average Home Age

95.7 years

Currently For Sale

89 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# 73152772

Frequently Asked Questions

When was property at 499 Norton Road built and last sold?
The property at 499 Norton Road was built in 1989 and last sold on Oct 30, 2023 for $810,000.
How much is this home worth?
The estimated value of the home located at 499 Norton Road is $798,236.
What are some comparable homes to 499 Norton Road?
There are currently no comparable homes to 499 Norton Road.
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