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Norfolk 02067
587 Bay Rd
$382,500
● House - Off Market

587 Bay Rd

Sharon, MA 02067
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,457 Ft²
$811,904
RealtyHop Estimate
116.51%
Since Jan 1, 2012
MA-Boston
Primary Model

About This Property

Firm Value range priced 375,000-400,000.  This 2 story  home shows "true pride of ownership." 2nd  floor added in early 1990's.  Ask for list of many upgrades includiung roof, hdwd flrs, windows, vinyl, basement gameroom, appliances, 2nd flr. c/a..the list goes on.  Amazing amount of cabinetry and counters in Kitchen.  Charming  f.p. den off livingroom.  Three season room.  New Title 5 System!  Spacious living and dining rms.  First flr bedroom with full bath!  Very private backyard.
Unit Size
2,457 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$153
Property Type
House
Property Taxes
$586
HOA Dues
-
Year Built
1956

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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 #71239148)

Price History

Date / Event Date Event Price
Dec 15, 2011 Sold
Premium
Sold
May 26, 2011 Listed by Coldwell Banker Residential Brokerage - Canton $375,000
Listed by Coldwell Banker Residential Brokerage - Canton
May 30, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,437
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,000
  • Total Building Area: 2,243
  • Gross Building Area: 4,236
  • Building Area: 2,243
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,243
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000574
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Sharon School District
  • School Tax School District: SHARON SD
  • Census Tract: 414200

Geography

  • Account Number: 2199
  • District: 266
  • Parcel: SHAR M:104 B:007 L:000
  • Block: 7
  • Municipality: SHARON
  • Latitude: 42.1239
  • Longitude: -71.1445

    Address

  • Full Address: 587 Bay Rd
  • Address - House Number: 587
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Sharon
  • Carrier Code: C004
  • 4-Digit Zip Code: 1504
  • Zip Code: 02067

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,175,800

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 788,299
  • High Value: 914,548
  • Low Value: 662,051

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $668,800
  • Assessed Land Value: $338,800
  • Assessed Improvements Value: $330,000

    Sales

  • Current Sale Recording Date: Dec 15, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000012
  • Previous Sale Recording Date: May 30, 1996
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$750,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2622 ft²

Average Home Age

59.7 years

Currently For Sale

1308 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: 4 months ago
Data Source: MLS PIN, MLS# 71239148

Frequently Asked Questions

When was property at 587 Bay Road built and last sold?
The property at 587 Bay Road was built in 1956 and last sold on Jan 1, 1970 for $382,500.
How much is this home worth?
The estimated value of the home located at 587 Bay Road is $417,030.
What are some comparable homes to 587 Bay Road?
There are currently no comparable homes to 587 Bay Road.
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