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Berkshire
53 Drive A Street
$505,000
● House - Off Market

53 Drive A Street

Otis, MA 01253
bedrooms
1 Bed
bathrooms
1 Bath, 1 Half Bath
square feet
704 Ft²
$1,266,107
RealtyHop Estimate
115.32%
Since Jul 1, 2012
National-US
Primary Model

About This Property

Opportunity to build your dream vacation home on the Otis Reservoir with 105 feet of waterfront westerly facing! This parcel is being sold with the intention a new buyer will not fix up the existing cottage but build a new one. The Seller's have had a passing percolation test preformed and will pursue septic design with acceptable offer. Buyer will install new septic and a well. Beautiful level lot!
Unit Size
704 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$835
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
2014

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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 years ago (MLSPIN #71229308)

Price History

Date / Event Date Event Price
Jun 16, 2022 Sold
Premium
Sold
May 15, 2022 Listed by Berkshire Hathaway HomeServices Realty Professionals - Country & Waterfront Properties $1,399,000
Listed by Berkshire Hathaway HomeServices Realty Professionals - Country & Waterfront Properties
Jun 1, 2012 Sold
Premium
Sold
May 9, 2011 Listed by Berkshire Hathaway HomeServices Realty Professionals - Country & Waterfront Properties $588,000
Listed by Berkshire Hathaway HomeServices Realty Professionals - Country & Waterfront Properties

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 21,344
  • Total Building Area: 1,088
  • Gross Building Area: 2,468
  • Building Area: 1,088
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,088
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OTIS RESERVOIR
  • Land Acres: 0000000490
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Farmington River Regional School District
  • School Tax School District: FARMINGTON RIV
  • Census Tract: 933400

Zoning

  • Zoning: R40

Geography

  • Account Number: 2977
  • Parcel: OTIS M:18-B L:100
  • Lot: 100
  • Municipality: OTIS
  • Latitude: 42.1567
  • Longitude: -73.0344

    Address

  • Full Address: 53 Drive A
  • Address - House Number: 53
  • Address - Street Name: Drive A
  • State: MA
  • City Name: East Otis
  • Carrier Code: R777
  • 4-Digit Zip Code: 4505
  • Zip Code: 01029

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $529,000

    Appraisal Valuation

  • Standard Deviation: 0.25
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 64
  • Final Value: 1,281,006
  • High Value: 1,601,376
  • Low Value: 960,635

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $799,100
  • Assessed Land Value: $477,400
  • Assessed Improvements Value: $321,700

    Sales

  • Current Sale Contract Date: Jun 14, 2022
  • Current Sale Recording Date: Jun 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 997956
  • Previous Sale Recording Date: Jun 01, 2012
  • Previous Sale Amount: $505,000
  • 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 Berkshire

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$206

Below Asking

0.03%

Average Days on Market

69

Average Home Size

2846 ft²

Average Home Age

95.5 years

Currently For Sale

96 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 years ago
Data Source: MLS PIN, MLS# 71229308

Frequently Asked Questions

When was property at 53 Dr East built and last sold?
The property at 53 Dr East was built in 2014 and last sold on Jun 14, 2022 for $1,350,000.
How much is this home worth?
The estimated value of the home located at 53 Dr East is $0.
What are some comparable homes to 53 Dr East?
There are currently no comparable homes to 53 Dr East.
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