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Somerset 02726
55 Davis St
$465,000
● House - Off Market

55 Davis St

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,417 Ft²
$423,155
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Somerset- Welcome Home to this immaculately restored 1890's cottage. Consisting of 7 rooms 3 bedrooms and 1 bath all while situated on a finely kept corner lot. Renovated kitchen with gorgeous cabinetry, stainless steel appliances including commercial stove, tile flooring, granite counters, and a gorgeous tile back splash. Thru the French doors you are led out to a 25x14  deck that overlooks the lush landscape.  Nicely sized living room and dining room with period wood flooring. 3 bedrooms each with closets. The bath has been renovated with new fixtures and tiled flooring. First floor laundry. The lot has a spacious patio and fire pit area. Vinyl sided, Vinyl windows, Excellent natural light. This one is a must see and will surely not disappoint. Town Water & Town Sewer.
Unit Size
1,417 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$296
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1890

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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: 6 months ago (MLSPIN #73100348)

Price History

Date / Event Date Event Price
May 30, 2023 Sold
Premium
Sold
Apr 24, 2023 In contract -
In contract
Apr 18, 2023 Listed by Migneault REALTORS® $419,900
Listed by Migneault REALTORS®
Jun 24, 2014 Sold
Premium
Sold
Jun 19, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 856
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,417
  • Gross Building Area: 2,273
  • Building Area: 1,417
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,417
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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: 644102

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0D5 L:0011
  • Lot: 11
  • Municipality: SOMERSET
  • Latitude: 41.775
  • Longitude: -71.1283

    Address

  • Full Address: 55 Davis St
  • Address - House Number: 55
  • Address - Street Name: Davis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerset
  • Carrier Code: C065
  • 4-Digit Zip Code: 5805
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $418,300

    Appraisal Valuation

  • Standard Deviation: 0.2192
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 489,791
  • High Value: 597,189
  • Low Value: 382,393

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,900
  • Assessed Land Value: $158,100
  • Assessed Improvements Value: $171,800

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7435
  • Previous Sale Recording Date: Jun 24, 2014
  • Previous Sale Amount: $148,000
  • 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 Somerset

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1779 ft²

Average Home Age

67 years

Currently For Sale

23 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: 6 months ago
Data Source: MLS PIN, MLS# 73100348

Frequently Asked Questions

When was property at 55 Davis Street built and last sold?
The property at 55 Davis Street was built in 1890 and last sold on May 30, 2023 for $465,000.
How much is this home worth?
The estimated value of the home located at 55 Davis Street is $433,541.
What are some comparable homes to 55 Davis Street?
There are currently no comparable homes to 55 Davis Street.
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