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Norfolk 02090
59 Colby Way
$1,111,000
● House - Off Market

59 Colby Way

Westwood, MA 02090
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,001 Ft²
$1,627,781
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Welcome to the Chase Estates home you've been looking for. Located on an oversized flat corner lot, this 4-bedroom colonial is fresh and updated for today's discerning buyer. The bright  kitchen with granite countertops and stainless appliances is open to a large family room or dining area with fireplace. There is also a mudroom entrance off the garage and 1/2 bath. An office and den complete the first floor. Upstairs there are 4 spacious bedrooms including  the master  which boasts 2 walk-in closets and an updated bathroom.  The brand new finished basement adds plenty of room including a workout area, laundry and family room. Private backyard with patio and mature trees add to the appeal of this attractive home in a sought-after Westwood neighborhood.
Unit Size
3,001 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$366
Property Type
House
Property Taxes
$938
HOA Dues
$90
Year Built
1995

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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 #72311205)

Price History

Date / Event Date Event Price
Jun 1, 2018 Sold
Premium
Sold
Apr 18, 2018 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $1,099,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.
May 31, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 9
  • Basement Area: 1,166
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,066
  • Total Building Area: 2,276
  • Gross Building Area: 4,142
  • Building Area: 2,276
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,276
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Westwood School District
  • School Tax School District: WESTWOOD SD
  • Census Tract: 412100

Geography

  • Account Number: 4495
  • Parcel: WWOO M:036 B:000 L:105
  • Lot: 105
  • Municipality: WESTWOOD
  • Latitude: 42.2047
  • Longitude: -71.2247

    Address

  • Full Address: 59 Colby Way
  • Address - House Number: 59
  • Address - Street Name: Colby
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Westwood
  • Carrier Code: C002
  • 4-Digit Zip Code: 2944
  • Zip Code: 02090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,371,500

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,355,818
  • High Value: 1,586,740
  • Low Value: 1,124,896

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $959,100
  • Assessed Land Value: $431,300
  • Assessed Improvements Value: $527,800

    Sales

  • Current Sale Recording Date: Jun 01, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44704
  • Previous Sale Recording Date: May 31, 1995
  • Previous Sale Amount: $330,084
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

2595 ft²

Average Home Age

59.5 years

Currently For Sale

1358 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# 72311205

Frequently Asked Questions

When was property at 59 Colby Way built and last sold?
The property at 59 Colby Way was built in 1995 and last sold on Jan 1, 1970 for $1,111,000.
How much is this home worth?
The estimated value of the home located at 59 Colby Way is $1,124,452.
What are some comparable homes to 59 Colby Way?
There are currently no comparable homes to 59 Colby Way.
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