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Medfield 02052
587 Main St
$292,500
● House - Off Market

587 Main St

Medfield, MA 02052
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,280 Ft²
$541,564
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model

About This Property

2010 renovation feature cherry cabinets, stainless appliances, granite counters, large eating area and private side deck for summer BBQ's.  New windows, front to back Family Room with hardwood floors, fieldstone FP original to house.  New baths, second floor laundry area, master with walk in closet. Young furnace, central air and at an amazing price for Medfield!   A sweet place for an investor or owner occupant.  Property monthly rental $1850 - tenant maintains yard, snow removal.  Walk to town location!  Shops, restaurants, library, farmer's market and more!
Unit Size
1,280 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$242
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1880

Payment Calculator

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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: 5 months ago (MLSPIN #71862004)

Price History

Date / Event Date Event Price
Aug 31, 2020 Sold
Premium
Sold
Jun 18, 2020 Listed by Real Living Realty Group $369,900
Listed by Real Living Realty Group
Oct 14, 2015 Sold
Premium
Sold
Jun 22, 2015 Listed by Real Living Realty Group $309,900
Listed by Real Living Realty Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 640
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,951
  • Total Building Area: 1,160
  • Gross Building Area: 2,472
  • Building Area: 1,160
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,160
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000251
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medfield School District
  • School Tax School District: MEDFIELD SD
  • Census Tract: 406101

Zoning

  • Zoning: RS

Geography

  • Parcel: MEDF M:0042 B:0000 L:0130
  • Lot: 130
  • Municipality: MEDFIELD
  • Latitude: 42.1858
  • Longitude: -71.3104

    Address

  • Full Address: 587 Main St
  • Address - House Number: 587
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Medfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2316
  • Zip Code: 02052

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $660,000
  • Initial Tax Delinquent Year: 1993

    Appraisal Valuation

  • Standard Deviation: 0.2384
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 559,002
  • High Value: 692,292
  • Low Value: 425,713

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $450,800
  • Assessed Land Value: $264,400
  • Assessed Improvements Value: $186,400

    Sales

  • Current Sale Contract Date: Aug 25, 2020
  • Current Sale Recording Date: Aug 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90196
  • Previous Sale Recording Date: Oct 14, 2015
  • Previous Sale Amount: $292,500
  • 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 Medfield

Stats & Trends

Median Asking:

$966,900

Sale Price/ft²

$424

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2205 ft²

Average Home Age

56.9 years

Currently For Sale

18 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 months ago
Data Source: MLS PIN, MLS# 71862004

Frequently Asked Questions

When was property at 587 Main Street built and last sold?
The property at 587 Main Street was built in 1880 and last sold on Aug 25, 2020 for $355,000.
How much is this home worth?
The estimated value of the home located at 587 Main Street is $374,373.
What are some comparable homes to 587 Main Street?
There are currently no comparable homes to 587 Main Street.
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