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Somerset 02725
55 Barrows St
$525,000
● House - Off Market

55 Barrows St

Somerset, MA 02725
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,007 Ft²
$506,427
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Well maintained 2000+ square foot home on a dead end street.  Home features 4 bedrooms, living room, family room, dining room and 2 full baths.  55 Barrows has been completely updated with renovations over the last 10 years including a new kitchen, roof & solar panels, central AC, updated bathrooms, flooring and much, much more.  Exterior features include 2 sheds, a fenced in yard, above ground pool and a short walk to Somerset's public waterfront access.
Unit Size
2,007 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$247
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1971

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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 #72966002)

Price History

Date / Event Date Event Price
Jul 28, 2022 Sold
Premium
Sold
Apr 12, 2022 Listed by Berkshire Hathaway Home Services - Mel Antonio Real Estate $495,000
Listed by Berkshire Hathaway Home Services - Mel Antonio Real Estate
Jul 16, 2009 Sold
Premium
Sold
Apr 19, 2009 Listed by Berkshire Hathaway Home Services - Mel Antonio Real Estate $315,000
Listed by Berkshire Hathaway Home Services - Mel Antonio Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 952
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,938
  • Gross Building Area: 1,974
  • Building Area: 1,938
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,938
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRAYTON POINT BEACH
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644200

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0A1 L:0148
  • Lot: 148
  • Municipality: SOMERSET
  • Latitude: 41.7116
  • Longitude: -71.1809

    Address

  • Full Address: 55 Barrows St
  • Address - House Number: 55
  • Address - Street Name: Barrows
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerset
  • Carrier Code: C069
  • 4-Digit Zip Code: 1727
  • Zip Code: 02725

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $472,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 471,655
  • High Value: 550,457
  • Low Value: 392,854

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $372,300
  • Assessed Land Value: $126,900
  • Assessed Improvements Value: $245,400

    Sales

  • Current Sale Contract Date: Jul 28, 2022
  • Current Sale Recording Date: Jul 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13573
  • Previous Sale Recording Date: Jul 16, 2009
  • Previous Sale Amount: $307,500
  • 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 Somerset

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$330

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1839 ft²

Average Home Age

56.9 years

Currently For Sale

27 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: 4 months ago
Data Source: MLS PIN, MLS# 72966002

Frequently Asked Questions

When was property at 55 Barrows Street built and last sold?
The property at 55 Barrows Street was built in 1971 and last sold on Jul 28, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 55 Barrows Street is $500,263.
What are some comparable homes to 55 Barrows Street?
There are currently no comparable homes to 55 Barrows Street.
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