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Norfolk
550 Madison St.
$467,500
● House - Off Market

550 Madison St.

Wrentham, MA 02093
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,106 Ft²
$648,539
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Wrentham country living at its best! Spacious gambrel cape with attached familyroom, an attached bonus room and an oversized 2 car garage. The eat in kitchen has a newer range, dishwasher and countertop and a pergo floor. There is a formal diningroom and livingroom. The familyroom and the den each have a wood stove to keep the home warm during cooler days. The 2 zone FHW/oil heating system has a 3rd zone that can be hooked up to heat the bonus room. The oil tank is fairly new. The large master bedroom has two closets and a private, full bath. Two additional large bedrooms and another full bath complete the second floor. Entertain in the basement rec room which is complete with a built in bar and pool table. The roof is 3-4 years old. There is an alarm system.
Unit Size
2,106 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$230
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1978

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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 #72712555)

Price History

Date / Event Date Event Price
Oct 29, 2020 Sold
Premium
Sold
Aug 19, 2020 Listed by Keller Williams Elite $485,000
Listed by Keller Williams Elite

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,962
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,106
  • Gross Building Area: 4,494
  • Building Area: 2,106
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,106
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • School Tax School District: WRENTHAM SD
  • Census Tract: 441203

Zoning

  • Zoning: R-43

Geography

  • Parcel: WREN M:N-06 B:01 L:02
  • Block: 1
  • Lot: 2
  • Municipality: WRENTHAM
  • Latitude: 42.0466
  • Longitude: -71.3105

    Address

  • Full Address: 550 Madison St
  • Address - House Number: 550
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wrentham
  • Carrier Code: R002
  • 4-Digit Zip Code: 1606
  • Zip Code: 02093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $701,500

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 664,711
  • High Value: 769,283
  • Low Value: 560,140

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $555,900
  • Assessed Land Value: $298,400
  • Assessed Improvements Value: $257,500

    Sales

  • Current Sale Contract Date: Oct 23, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 118672
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:

$753,900

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2517 ft²

Average Home Age

61.2 years

Currently For Sale

1431 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 months ago
Data Source: MLS PIN, MLS# 72712555

Frequently Asked Questions

When was property at 550 Madison Street built and last sold?
The property at 550 Madison Street was built in 1978 and last sold on Oct 23, 2020 for $467,500.
How much is this home worth?
The estimated value of the home located at 550 Madison Street is $510,997.
What are some comparable homes to 550 Madison Street?
There are currently no comparable homes to 550 Madison Street.
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