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Chatham 02633
51 Palmer Dr
$872,500
● House - Off Market

51 Palmer Dr

Chatham, MA 02633
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,808 Ft²
$1,296,373
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

What a fantastic Chatham retreat with private backyard but so close to everything that downtown Chatham has to offer. Imagine arriving for your getaway weekend or for your extended vacation and immediately settling on the large patio with it's retractable awning or relax in the large family room just off of the kitchen. Of course, for those cool fall evenings you could grab a book and sit by the fireplace in the warm and comfortable living room. First floor offers two generous bedrooms as does the second floor. Just a short distance to the Chatham Fish Pier, Cape Cod baseball league games, and Chatham Village. New kitchen appliances and large shed for storage or multiple other uses.
Unit Size
1,808 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$530
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1971

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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: 5 months ago (MLSPIN #72598758)

Price History

Date / Event Date Event Price
Sep 11, 2020 Sold
Premium
Sold
Dec 6, 2019 Listed by William Raveis Chatham $959,000
Listed by William Raveis Chatham
Jan 7, 2011 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 10,700
  • Total Building Area: 1,873
  • Gross Building Area: 3,678
  • Building Area: 1,873
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,873
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOP DECK ESTATES
  • Land Acres: 0000000246
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Monomoy Regional School District
  • School Tax School District: MONOMOY RGNL SD
  • Census Tract: 010600

Zoning

  • Zoning: R40

Geography

  • Account Number: 3316
  • Parcel: CHAT M:15G B:0033 L:P5
  • Block: 33
  • Lot: P5
  • Municipality: CHATHAM
  • Latitude: 41.6922
  • Longitude: -69.9581

    Address

  • Full Address: 51 Palmer Dr
  • Address - House Number: 51
  • Address - Street Name: Palmer
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Chatham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1980
  • Zip Code: 02633

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $480,600

    Appraisal Valuation

  • Standard Deviation: 0.2173
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 1,541,985
  • High Value: 1,877,071
  • Low Value: 1,206,899

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,346,200
  • Assessed Land Value: $680,300
  • Assessed Improvements Value: $665,900

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Sep 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47649
  • Previous Sale Recording Date: Jan 07, 2011
  • Previous Sale Amount: $657,000
  • 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 Chatham

Stats & Trends

Median Asking:

$1,800,000

Sale Price/ft²

$1,031

Below Asking

0.03%

Average Days on Market

63

Average Home Size

4632 ft²

Average Home Age

26.5 years

Currently For Sale

8 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# 72598758

Frequently Asked Questions

When was property at 51 Palmer Drive built and last sold?
The property at 51 Palmer Drive was built in 1971 and last sold on Sep 4, 2020 for $872,500.
How much is this home worth?
The estimated value of the home located at 51 Palmer Drive is $1,020,786.
What are some comparable homes to 51 Palmer Drive?
There are currently no comparable homes to 51 Palmer Drive.
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