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Norfolk
5 Forest Road
$450,000
● House - Off Market

5 Forest Road

Medway, MA 02053
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,000 Ft²
$1,034,591
RealtyHop Estimate
125.16%
Since Oct 1, 2003
National-US
Primary Model

About This Property

SPECTACULAR COL.LOCATED ON VERY PRI.CUL-DE-SAC!CUST.CHERRY CABINETS IN KIT&BATHS,H/W FOY&KIT,2-PAN.CLOSETS,BKFST.BAR& LOVELY VAULTED CEIL,SCREENED PCH/PAD.FAN,MANY RECESSED LITES FIN.BSMT,GAME RM&OFFICE/BR.LG.SHED,ELEC&PLUMB.SHOWS BEAUT.!!
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$153
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1991

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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 years ago (MLSPIN #30744048)

Price History

Date / Event Date Event Price
Sep 12, 2003 Sold
Premium
Sold
Jul 10, 2003 Listed by Classic Properties REALTORS® $459,500
Listed by Classic Properties REALTORS®

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 6
  • Basement Area: 1,120
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,738
  • Total Building Area: 2,274
  • Gross Building Area: 4,160
  • Building Area: 2,274
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,274
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 6209F
  • Land Acres: 0000000522
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medway School District
  • School Tax School District: MEDWAY SD
  • Census Tract: 408102

Zoning

  • Zoning: ARII

Geography

  • Account Number: 2A-86-12
  • Parcel: MEDW M:59 B:003
  • Block: 3
  • Municipality: MEDWAY
  • Latitude: 42.1425
  • Longitude: -71.4175

    Address

  • Full Address: 5 Forest Rd
  • Address - House Number: 5
  • Address - Street Name: Forest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Medway
  • Carrier Code: C002
  • 4-Digit Zip Code: 1582
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $965,000

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 760,634
  • High Value: 878,441
  • Low Value: 642,828

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $605,400
  • Assessed Land Value: $294,500
  • Assessed Improvements Value: $310,900

    Sales

  • Current Sale Recording Date: Apr 24, 2006
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 165839
  • Previous Sale Recording Date: Sep 12, 2003
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: 27
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:

$754,900

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2564 ft²

Average Home Age

59.8 years

Currently For Sale

1400 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30744048

Frequently Asked Questions

When was property at 5 Forest Road built and last sold?
The property at 5 Forest Road was built in 1991 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Forest Road is $0.
What are some comparable homes to 5 Forest Road?
There are currently no comparable homes to 5 Forest Road.
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