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Norfolk
5 Colonial Way
$403,000
● House - Off Market

5 Colonial Way

Plainville, MA 02762
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,170 Ft²
$597,054
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

** ACT FAST **  Very rarely does a property become available in this great neighborhood in MillBrook Estates. OVERSIZED custom built 56'  Raised Ranch with approx. 2,170 s.f. of living space that has 8 Rooms, 4 Bedrooms and 2-1/2 Baths. Come in and add your personal touches to make this your own.  Enjoy watching TV with plenty of natural light in your Cathedral beamed ceiling Living Room. Sit in your comfy chair reading a good book in the Family Room by your Connecticut Stone Fireplace. Walkout Basement. Potential In-Law !! 2 car garage with plenty of parking in the driveway for those family gatherings. ENERGY AUDIT by  Mass Save in 12/2016. Superb location!!!  Great  School System, Close to major Highways, Shopping, Restaurants, State Forest, Plain Ridge  Casino and Gillette Stadium.
Unit Size
2,170 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$194
Property Type
House
Property Taxes
$473
HOA Dues
-
Year Built
1976

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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 #72613994)

Price History

Date / Event Date Event Price
Apr 17, 2020 Sold
Premium
Sold
Feb 13, 2020 Listed by WEICHERT, REALTORS® - Hunter Properties $419,900
Listed by WEICHERT, REALTORS® - Hunter Properties
Jul 16, 1976 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,161
  • Total Building Area: 1,440
  • Gross Building Area: 3,024
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000692
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • School Tax School District: PLAINVILLE SD
  • Census Tract: 440101

Geography

  • Account Number: 628
  • Parcel: PLAI M:6 L:172
  • Lot: 172
  • Municipality: PLAINVILLE
  • Latitude: 42.0166
  • Longitude: -71.2978

    Address

  • Full Address: 5 Colonial Way
  • Address - House Number: 5
  • Address - Street Name: Colonial
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Plainville
  • Carrier Code: R003
  • 4-Digit Zip Code: 2217
  • Zip Code: 02762

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $573,500

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 585,294
  • High Value: 683,172
  • Low Value: 487,415

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $477,900
  • Assessed Land Value: $264,700
  • Assessed Improvements Value: $213,200

    Sales

  • Current Sale Contract Date: Apr 06, 2020
  • Current Sale Recording Date: Apr 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1444131
  • Previous Sale Recording Date: Jul 16, 1976
  • Previous Sale Amount: $59,000
  • Previous Sale Document Type: 34
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

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2629 ft²

Average Home Age

59.8 years

Currently For Sale

1318 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: 4 months ago
Data Source: MLS PIN, MLS# 72613994

Frequently Asked Questions

When was property at 5 Colonial Way built and last sold?
The property at 5 Colonial Way was built in 1976 and last sold on Apr 6, 2020 for $403,000.
How much is this home worth?
The estimated value of the home located at 5 Colonial Way is $451,398.
What are some comparable homes to 5 Colonial Way?
There are currently no comparable homes to 5 Colonial Way.
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