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Monument Beach 02559
565 Shore Rd
$370,000
● House - Off Market

565 Shore Rd

Bourne, MA 02559
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,696 Ft²
$583,596
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

LOCATION & Motivated Seller! Large colonial, 2600+ sq ft lvg space, built in 1976 with In-law over garage added in 2009. Walking distance to Monument Beach. Set off the street with a half acre corner lot allows for lots of parking. A large 2-car garage leads to walk-in basement with heat & 2 add't basement rooms for even more potential living space! Hardwood floors were added (2017) in the double fireplace living room. The property is in need of some upgrades. Seeing beyond the upgrades is a very large home in a fantastic location near beautiful Monument Beach with easy access to the highway, Otis Air Force base, Mass. Maritime, shopping, and boating! This expansive Colonial, along scenic Shore Road, is the diamond in the rough you've been waiting to own!
Unit Size
2,696 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$143
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1976

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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 #72305116)

Price History

Date / Event Date Event Price
Jun 8, 2018 Sold
Premium
Sold
Apr 7, 2018 Listed by Canalside Properties $385,000
Listed by Canalside Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,519
  • Total Building Area: 2,696
  • Gross Building Area: 4,652
  • Building Area: 2,696
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,696
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000494
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bourne School District
  • Census Tract: 014002

Zoning

  • Zoning: R40

Geography

  • Account Number: 7220
  • Parcel: BOUR M:34.2 P:18
  • Municipality: BOURNE
  • Latitude: 41.7108
  • Longitude: -70.6138

    Address

  • Full Address: 565 Shore Rd
  • Address - House Number: 565
  • Address - Street Name: Shore
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Pocasset
  • Zip Code: 02559

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $487,900

    Appraisal Valuation

  • Standard Deviation: 0.2118
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 786,045
  • High Value: 952,551
  • Low Value: 619,538

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $608,400
  • Assessed Land Value: $215,500
  • Assessed Improvements Value: $392,900

    Sales

  • Current Sale Recording Date: Jun 08, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27578
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 Monument Beach

Stats & Trends

Median Asking:

$618,450

Sale Price/ft²

$349

Below Asking

0.02%

Average Days on Market

66

Average Home Size

2064 ft²

Average Home Age

39.5 years

Currently For Sale

14 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: 6 months ago
Data Source: MLS PIN, MLS# 72305116

Frequently Asked Questions

When was property at 565 Shore Road built and last sold?
The property at 565 Shore Road was built in 1976 and last sold on Jan 1, 1970 for $370,000.
How much is this home worth?
The estimated value of the home located at 565 Shore Road is $388,014.
What are some comparable homes to 565 Shore Road?
There are currently no comparable homes to 565 Shore Road.
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