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Norfolk 02090
54 Lorraine Rd
$740,000
● House - Off Market

54 Lorraine Rd

Westwood, MA 02090
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,321 Ft²
$795,008
RealtyHop Estimate
13.59%
Since Oct 1, 2021
MA-Boston
Primary Model

About This Property

Great opportunity for a home on an almost half-acre lot in a prime neighborhood abutting conservation land.  This raised ranch has been maintained lovingly over the years. Spacious living room with wood-burning fireplace and hardwood floors under wall-to-wall carpet.  Updated stainless steel appliances in the kitchen.  Master bedroom with 3/4 bath.  Replacement Anderson windows in bedrooms.  Finished lower-level family room with a fireplace.  Utility closet, storage room, and half bath/laundry room.  Two car garage under.  Lots of potential for expansion and/or remodel.  Young roof, newer deck.  Convenient location with easy access to Route 95.  Showings will begin at Open House on Saturday.
Unit Size
1,321 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$530
Property Type
House
Property Taxes
$652
HOA Dues
-
Year Built
1961

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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 years ago (MLSPIN #72862024)

Price History

Date / Event Date Event Price
Sep 8, 2021 Sold
Premium
Sold
Jul 7, 2021 Listed by EW Realty $699,900
Listed by EW Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 6
  • Basement Area: 1,313
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Total Building Area: 1,321
  • Gross Building Area: 2,848
  • Building Area: 1,321
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,321
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Westwood School District
  • School Tax School District: WESTWOOD SD
  • Census Tract: 412200

Geography

  • Account Number: 613
  • Parcel: WWOO M:009 B:000 L:177
  • Lot: 177
  • Municipality: WESTWOOD
  • Latitude: 42.2355
  • Longitude: -71.221

    Address

  • Full Address: 54 Lorraine Rd
  • Address - House Number: 54
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Westwood
  • Carrier Code: C004
  • 4-Digit Zip Code: 1040
  • Zip Code: 02090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $946,100

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 830,990
  • High Value: 1,010,948
  • Low Value: 651,031

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $661,600
  • Assessed Land Value: $357,200
  • Assessed Improvements Value: $304,400

    Sales

  • Current Sale Contract Date: Sep 08, 2021
  • Current Sale Recording Date: Sep 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116311
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

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2545 ft²

Average Home Age

60.8 years

Currently For Sale

1357 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72862024

Frequently Asked Questions

When was property at 54 Lorraine Road built and last sold?
The property at 54 Lorraine Road was built in 1961 and last sold on Sep 8, 2021 for $740,000.
How much is this home worth?
The estimated value of the home located at 54 Lorraine Road is $0.
What are some comparable homes to 54 Lorraine Road?
There are currently no comparable homes to 54 Lorraine Road.
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