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West Chatham 02633
57 Captain Richards Way
$284,900
● House - Off Market

57 Captain Richards Way

Chatham, MA 02633
bedrooms
2 Beds
bathrooms
1 Bath
square feet
520 Ft²
$449,517
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model

About This Property

This quintessential Chatham cottage located on a flat private lot on a dead end street is your ticket to owning in Chatham.The cottage has new electrical, a tankless Rinnai hot water heater,gas cook top,and new windows in every room. The shingles are double dipped grade A and were replaced 3 years ago. The roof was also re done 3 years ago.There is an outdoor shower and a newer storage shed. Access to the landing at Vineyard way is a 1/2 mile away.  The cotttage has a strong rental history of $1,100 per week.  There is nothing in Chatham for under $300,000 like this!!
Unit Size
520 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$548
Property Type
House
Property Taxes
$102
HOA Dues
-
Year Built
2021

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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 #72256469)

Price History

Date / Event Date Event Price
Jan 18, 2018 Sold
Premium
Sold
Nov 16, 2017 Listed by William Raveis Chatham $284,900
Listed by William Raveis Chatham

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,662
  • Total Building Area: 1,825
  • Gross Building Area: 850
  • Building Area: 1,825
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,825
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Monomoy Regional School District
  • School Tax School District: MONOMOY RGNL SD
  • Census Tract: 010700

Zoning

  • Zoning: R20

Geography

  • Account Number: 206
  • Parcel: CHAT M:10D B:0094 L:R5
  • Block: 94
  • Lot: R5
  • Municipality: CHATHAM
  • Latitude: 41.6815
  • Longitude: -69.987

    Address

  • Full Address: 57 Captain Richards Way
  • Address - House Number: 57
  • Address - Street Name: Captain Richards
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Chatham
  • Carrier Code: R002
  • 4-Digit Zip Code: 2624
  • Zip Code: 02633

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $350,000

    Appraisal Valuation

  • Standard Deviation: 0.2036
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 1,080,137
  • High Value: 1,300,108
  • Low Value: 860,165

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $980,400
  • Assessed Land Value: $287,800
  • Assessed Improvements Value: $692,600

    Sales

  • Current Sale Recording Date: Jan 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1338680
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 West Chatham

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$791

Below Asking

0.01%

Average Days on Market

61

Average Home Size

2122 ft²

Average Home Age

40.3 years

Currently For Sale

7 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# 72256469

Frequently Asked Questions

When was property at 57 Captain Richards Way built and last sold?
The property at 57 Captain Richards Way was built in 2021 and last sold on Jan 1, 1970 for $284,900.
How much is this home worth?
The estimated value of the home located at 57 Captain Richards Way is $309,832.
What are some comparable homes to 57 Captain Richards Way?
There are currently no comparable homes to 57 Captain Richards Way.
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