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Essex
6 Norma Way
$369,900
● Land - Off Market

6 Norma Way

Middleton, MA 01949
bedrooms
Studio
bathrooms
0 Bath
$646,416
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model

About This Property

READY TO BUILD! ALL OF THE LEGWORK HAS BEEN DONE!  GREAT OPPORTUNITY TO OWN IN PRESTIGIOUS "MIDDLETON ESTATES"!  Build your dream home in "MIDDLETON ESTATES" on new "Norma Way" .This lovely home site has been cleared of trees and is a fabulous level lot with minimal site work to be performed. Septic Design has been completed, permits ready to go. Seller has Home Plans and is willing to negotiate plan inclusion. "No Builder Tie In ". Fantastic location to raise a family- 2 Cul de Sacs for the kids to ride their bikes safely and Top Notch School System! Seller has had a change in plans and is motivated to sell.
Unit Size
-
Days on Market
-
Land Size
0.99 acres
Price per sqft
-
Property Type
Land
Property Taxes
$408
HOA Dues
-
Year Built
2016

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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 #71876660)

Price History

Date / Event Date Event Price
Oct 28, 2015 Sold
Premium
Sold
Jul 20, 2015 Listed by Carrington Real Estate Services, LLC $369,900
Listed by Carrington Real Estate Services, LLC
Aug 8, 2014 Sold
Premium
Sold
Apr 14, 2014 Listed by Carrington Real Estate Services, LLC $384,900
Listed by Carrington Real Estate Services, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 299
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 68,215
  • Total Building Area: 4,306
  • Gross Building Area: 8,662
  • Building Area: 4,306
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,306
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001566
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 212101

Zoning

  • Zoning: R1B

Geography

  • Account Number: 201206
  • Parcel: MIDD M:0014 B:0000 L:0013 M
  • Lot: 13 M
  • Municipality: MIDDLETON
  • Latitude: 42.6069
  • Longitude: -70.9904

    Address

  • Full Address: 6 Norma Way
  • Address - House Number: 6
  • Address - Street Name: Norma
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Middleton
  • Carrier Code: R001
  • 4-Digit Zip Code: 2282
  • Zip Code: 01949

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,505,600

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 1,946,507
  • High Value: 2,190,651
  • Low Value: 1,702,364

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,125,200
  • Assessed Land Value: $651,300
  • Assessed Improvements Value: $1,473,900

    Sales

  • Current Sale Recording Date: Oct 28, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 169
  • Previous Sale Recording Date: Aug 08, 2014
  • Previous Sale Amount: $365,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2590 ft²

Average Home Age

73.9 years

Currently For Sale

1403 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# 71876660

Frequently Asked Questions

When was property at 6 Norma Way built and last sold?
The property at 6 Norma Way was built in 2016 and last sold on Jan 1, 1970 for $369,900.
How much is this home worth?
The estimated value of the home located at 6 Norma Way is $373,599.
What are some comparable homes to 6 Norma Way?
There are currently no comparable homes to 6 Norma Way.
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