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Norfolk 02067
5 Spring Ln
$427,900
● House - Off Market

5 Spring Ln

Sharon, MA 02067
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,004 Ft²
$759,017
RealtyHop Estimate
76.56%
Since Jun 1, 2005
MA-Boston
Primary Model

About This Property

Neat & sparkling mulit-level in super neighborhood. Close to JHS and Lake Massapoag. Spacious and sunny kit. w/ lots of cabinets. Front to back FR w/ recent carpet. Fireplaced dining room, slider to p.t. deck. Front to back LR with HW floors. 3 good size bedrooms and full bath on 3rd level.
Unit Size
2,004 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$215
Property Type
House
Property Taxes
$505
HOA Dues
-
Year Built
1965

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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 #70163849)

Price History

Date / Event Date Event Price
May 10, 2005 Sold
Premium
Sold
Mar 29, 2005 Listed $429,900
Listed
Nov 8, 2002 Sold
Premium
Sold
Sep 10, 2002 Listed $374,900
Listed
Jun 30, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 20,162
  • Total Building Area: 1,956
  • Gross Building Area: 2,632
  • Building Area: 1,956
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,956
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD ENGINEERING CO INC
  • Land Acres: 0000000463
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Sharon School District
  • School Tax School District: SHARON SD
  • Census Tract: 414200

Geography

  • Account Number: 7479
  • District: 266
  • Parcel: SHAR M:062 B:073 L:000
  • Block: 73
  • Municipality: SHARON
  • Latitude: 42.1055
  • Longitude: -71.164

    Address

  • Full Address: 5 Spring Ln
  • Address - House Number: 5
  • Address - Street Name: Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Sharon
  • Carrier Code: C007
  • 4-Digit Zip Code: 2240
  • Zip Code: 02067

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,143,200

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 800,485
  • High Value: 928,685
  • Low Value: 672,285

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $650,300
  • Assessed Land Value: $402,500
  • Assessed Improvements Value: $247,800

    Sales

  • Current Sale Recording Date: May 10, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 121924
  • Previous Sale Recording Date: Nov 08, 2002
  • Previous Sale Amount: $374,900
  • 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:

$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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70163849

Frequently Asked Questions

When was property at 5 Spring Lane built and last sold?
The property at 5 Spring Lane was built in 1965 and last sold on Jan 1, 1970 for $427,900.
How much is this home worth?
The estimated value of the home located at 5 Spring Lane is $454,385.
What are some comparable homes to 5 Spring Lane?
There are currently no comparable homes to 5 Spring Lane.
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