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Barnstable Town 02632
585 Bay Lane
$1,180,000
● House - Off Market

585 Bay Lane

Barnstable, MA 02632
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,950 Ft²
$6,167
Est. Monthly

About This Property

This stunning Cape is situated on idyllic and coveted Bay Lane in the heart of Centerville Village. This is an extraordinary opportunity to purchase this 5 bedroom and 4.5 bath residence with a Legal walkout In-Law Suite and guest quarters. Updated interior includes Brazilian  Oak hardwood flooring, Central AC, Granite Kitchen, Spacious first floor bedroom, and a Laundry Room. Two Large En Suite bedrooms with separate TV room complete the second floor. Walk to Tennis Courts, Centerville Elementary School, sports fields, Four Seas Ice-cream, Library, and 1856 Country Store from this fantastic location! Plenty of room for a pool!
Unit Size
2,950 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$390
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1985

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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: 4 months ago (MLSPIN #72884247)

Price History

Date / Event Date Event Price
Dec 22, 2023 Sold
Premium
Sold
Oct 22, 2021 Sold
Premium
Sold
Aug 19, 2021 Listed by Craigville Realty, Inc. $1,150,000
Listed by Craigville Realty, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 28,750
  • Total Building Area: 2,127
  • Gross Building Area: 6,346
  • Building Area: 2,127
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,127
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000660
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Barnstable School District
  • Census Tract: 012700

Zoning

  • Zoning: 1

Geography

  • Account Number: 108029
  • Parcel: CENT M:187 L:050
  • Lot: 50
  • Municipality: CENTERVILLE
  • Latitude: 41.6458
  • Longitude: -70.3561

    Address

  • Full Address: 585 Bay Ln
  • Address - House Number: 585
  • Address - Street Name: Bay
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Centerville
  • Carrier Code: C001
  • 4-Digit Zip Code: 3315
  • Zip Code: 02632

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $760,700

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 1,211,534
  • High Value: 1,471,438
  • Low Value: 951,630

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $974,000
  • Assessed Land Value: $285,800
  • Assessed Improvements Value: $688,200

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 69543
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 Barnstable Town

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$476

Above Asking

2.07%

Average Days on Market

64

Average Home Size

2688 ft²

Average Home Age

60.4 years

Currently For Sale

161 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: 4 months ago
Data Source: MLS PIN, MLS# 72884247

Frequently Asked Questions

When was property at 585 Bay Lane built and last sold?
The property at 585 Bay Lane was built in 1985 and last sold on Oct 22, 2021 for $1,180,000.
How much is this home worth?
The estimated value of the home located at 585 Bay Lane is $1,166,579.
What are some comparable homes to 585 Bay Lane?
There are currently no comparable homes to 585 Bay Lane.
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