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Norfolk
5 Spencer Lane
$631,000
● House - Off Market

5 Spencer Lane

Norfolk, MA 02056
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,816 Ft²
$1,102,469
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

MOTIVATED SELLER! Pretty colonial in Fern Ridge Estates close to Medfield.  Granite kitchen with Bosch appliances. Open floor plan leading into family room with gas fireplace surrounded by marble. Hardi Plank siding, large deck and spacious two car garage. Level, corner lot. Surround sound speaker system installed in kitchen, living room, dining room, master bedroom and bathroom.  Custom closet system built in the master bedroom, as well as hardwood floors in master suite.  Large 12 x 10 high quality shed.  Low voltage decorative landscape lighting and built-in mulched playground pen perfect for your swing set.
Unit Size
2,816 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$226
Property Type
House
Property Taxes
$875
HOA Dues
-
Year Built
2013

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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 years ago (MLSPIN #71807265)

Price History

Date / Event Date Event Price
Aug 28, 2015 Sold
Premium
Sold
Mar 26, 2015 Listed by Conway - Medfield $635,000
Listed by Conway - Medfield
Jun 13, 2013 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 23
  • 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: 36,493
  • Total Building Area: 2,968
  • Gross Building Area: 5,176
  • Building Area: 2,968
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,968
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000838
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • Census Tract: 409101

Geography

  • Parcel: NORF M:0016 B:0034 L:152 U:3
  • Block: 34
  • Lot: 152
  • Municipality: NORFOLK
  • Latitude: 42.1388
  • Longitude: -71.3283

    Address

  • Full Address: 5 Spencer Ln
  • Address - House Number: 5
  • Address - Street Name: Spencer
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Norfolk
  • Carrier Code: R004
  • 4-Digit Zip Code: 1844
  • Zip Code: 02056

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,574,300

    Appraisal Valuation

  • Standard Deviation: 0.1699
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,073,326
  • High Value: 1,255,786
  • Low Value: 890,865

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,011,100
  • Assessed Land Value: $219,700
  • Assessed Improvements Value: $791,400

    Sales

  • Current Sale Recording Date: Aug 28, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1336768
  • Previous Sale Recording Date: Jun 13, 2013
  • Previous Sale Amount: $599,900
  • 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 Norfolk

Stats & Trends

Median Asking:

$754,950

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2517 ft²

Average Home Age

61.2 years

Currently For Sale

1431 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: 5 years ago
Data Source: MLS PIN, MLS# 71807265

Frequently Asked Questions

When was property at 5 Spencer Road built and last sold?
The property at 5 Spencer Road was built in 2013 and last sold on Jan 1, 1970 for $631,000.
How much is this home worth?
The estimated value of the home located at 5 Spencer Road is $669,992.
What are some comparable homes to 5 Spencer Road?
There are currently no comparable homes to 5 Spencer Road.
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