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Somerset 02725
5 Ocean Blvd
$264,000
● House - Off Market

5 Ocean Blvd

Somerset, MA 02725
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,680 Ft²
$466,466
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

YOU DO NOT WANT TO MISS THIS! JUST MOVE RIGHT INTO THIS SPECTACULAR COLONIAL STYLE HOME FEATURING 5 LARGE BEDROOMS, 2 FULL BATHS, GARAGE, AND MUCH MORE.  FIRST LEVEL OFFERS A LARGE LIVING ROOM W/ BUILT IN SURROUND SOUND, OPEN DINING, FULLY APPLIANCED KITCHEN, 2 LARGE BEDROOMS AND 1 FULL BATH. SECOND LEVEL OFFERS 3 LARGE BEDROOMS INCLUDING A FRONT TO BACK MASTER BEDROOM WITH HIS/HERS CLOSETS AND ACCESS TO FULL BATH WITH A JACUZZI TUB. ALSO AN OUTSIDE DECK FOR ENTERTAINING. THIS HOME WAS CONVERTED TO NATURAL GAS  AND FEATURES A NEWER GAS FURNACE AND A TANKLESS HOT WATER SYSTEM INSTALLED IN 2013, JUST TOO MUCH TO LIST. THIS IS A MUST SEE!!
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$160
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1952

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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 #71899707)

Price History

Date / Event Date Event Price
Mar 11, 2016 Sold
Premium
Sold
Sep 7, 2015 Listed by Turbo Sell, Inc. $268,000
Listed by Turbo Sell, Inc.
Nov 21, 2012 Sold
Premium
Sold
Oct 1, 2012 Listed by Turbo Sell, Inc. $254,900
Listed by Turbo Sell, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 768
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,837
  • Total Building Area: 1,704
  • Gross Building Area: 2,472
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOMERSET LEES RIV SOMERSE
  • Land Acres: 0000000134
  • 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:A12 L:0044
  • Lot: 44
  • Municipality: SOMERSET
  • Latitude: 41.7304
  • Longitude: -71.1874

    Address

  • Full Address: 5 Ocean Blvd
  • Address - House Number: 5
  • Address - Street Name: Ocean
  • Address - Suffix Type: Blvd
  • State: MA
  • City Name: Somerset
  • Carrier Code: C070
  • 4-Digit Zip Code: 1123
  • Zip Code: 02725

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $452,400

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 459,588
  • High Value: 537,544
  • Low Value: 381,632

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $356,800
  • Assessed Land Value: $139,500
  • Assessed Improvements Value: $217,300

    Sales

  • Current Sale Recording Date: Mar 11, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3829
  • Previous Sale Recording Date: Nov 21, 2012
  • Previous Sale Amount: $251,500
  • 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:

$527,600

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1784 ft²

Average Home Age

56.5 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71899707

Frequently Asked Questions

When was property at 5 Ocean Boulevard built and last sold?
The property at 5 Ocean Boulevard was built in 1952 and last sold on Jan 1, 1970 for $264,000.
How much is this home worth?
The estimated value of the home located at 5 Ocean Boulevard is $270,297.
What are some comparable homes to 5 Ocean Boulevard?
There are currently no comparable homes to 5 Ocean Boulevard.
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