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Somerset 02726
58 Fair Dr
$310,000
● House - Off Market

58 Fair Dr

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,699 Ft²
$340,379
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Will not last long at this price!! This great property is located on a quiet side street in the northern section of Somerset. This ranch style home has nearly 1700sf with three bedrooms and three full bathrooms all on the main level. There is an amazing sunken living room with a wood burning fireplace. With a little sweat equity this home will shine. Some of the bigger ticket items have been taken care of such as newer heating system, newer electrical panel, mostly PVC plumbing and some newer pex piping. Excellent sized lot with a detached one car garage and paved driveway with room for plenty of vehicles. HIGHEST AND BEST OFFERS DUE BY WEDNESDAY, MARCH 24TH AT 5:00PM
Unit Size
1,699 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$165
Property Type
House
Property Taxes
$420
HOA Dues
-
Year Built
1973

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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 years ago (MLSPIN #72800083)

Price History

Date / Event Date Event Price
Mar 30, 2022 Sold
Premium
Sold
Apr 30, 2021 Sold
Premium
Sold
Mar 17, 2021 Listed by eXp Realty $279,900
Listed by eXp Realty

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,216
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,933
  • Gross Building Area: 2,915
  • Building Area: 1,933
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,933
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • 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:0E2 L:0180
  • Lot: 180
  • Municipality: SOMERSET
  • Latitude: 41.7769
  • Longitude: -71.1257

    Address

  • Full Address: 58 Fair Dr
  • Address - House Number: 58
  • Address - Street Name: Fair
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Somerset
  • Carrier Code: C065
  • 4-Digit Zip Code: 5926
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $532,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0891
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 539,950
  • High Value: 588,096
  • Low Value: 491,803

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $419,600
  • Assessed Land Value: $160,100
  • Assessed Improvements Value: $259,500

    Sales

  • Current Sale Contract Date: Mar 30, 2022
  • Current Sale Recording Date: Mar 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5915
  • Previous Sale Recording Date: Apr 30, 2021
  • Previous Sale Contract Date: Apr 28, 2021
  • Previous Sale Amount: $310,000
  • 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:

$529,900

Sale Price/ft²

$330

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1901 ft²

Average Home Age

58 years

Currently For Sale

26 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: 5 years ago
Data Source: MLS PIN, MLS# 72800083

Frequently Asked Questions

When was property at 58 Fair Drive built and last sold?
The property at 58 Fair Drive was built in 1973 and last sold on Mar 30, 2022 for $530,000.
How much is this home worth?
The estimated value of the home located at 58 Fair Drive is $0.
What are some comparable homes to 58 Fair Drive?
There are currently no comparable homes to 58 Fair Drive.
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