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Norfolk 02090
62 Colby Way
$1,200,000
● House - Off Market

62 Colby Way

Westwood, MA 02090
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,106 Ft²
$1,328,550
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

*** OPEN HOUSE SUN July 10th from 12pm - 1:30pm *** Highly popular and beautiful Westwood Chase Estates neighborhood.  Excellent school system.  Well maintained colonial set on a private corner lot. Nice fireplaced family room. Large sunroom; Open foyer, high ceilings, beautiful hardwood floors throughout the house. Finished basement. Great commuting location, near Norwood Central train station and Legacy Place. Potential 4th bedroom to be built above garage – blueprints exist for this addition that were meant to be implemented, but renovations halted due to COVID.
Unit Size
2,106 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$598
Property Type
House
Property Taxes
$1,036
HOA Dues
$11
Year Built
1995

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: 4 months ago (MLSPIN #73008519)

Price History

Date / Event Date Event Price
Sep 15, 2022 Sold
Premium
Sold
Jul 7, 2022 Listed by Thread Real Estate, LLC $1,259,000
Listed by Thread Real Estate, LLC
Sep 14, 2009 Sold
Premium
Sold
Jul 11, 2009 Listed by Thread Real Estate, LLC $699,900
Listed by Thread Real Estate, LLC
Jul 30, 1997 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: 7
  • Bedroom Count: 3
  • 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: 6
  • Basement Area: 1,134
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Total Building Area: 2,106
  • Gross Building Area: 3,994
  • Building Area: 2,106
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,106
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHASE ESTATES
  • Land Acres: 0000000275
  • 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: 4496
  • Parcel: WWOO M:036 B:000 L:106
  • Lot: 106
  • Municipality: WESTWOOD
  • Latitude: 42.2041
  • Longitude: -71.225

    Address

  • Full Address: 62 Colby Way
  • Address - House Number: 62
  • Address - Street Name: Colby
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Westwood
  • Carrier Code: C002
  • 4-Digit Zip Code: 2947
  • Zip Code: 02090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,325,800

    Appraisal Valuation

  • Standard Deviation: 0.1497
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,317,052
  • High Value: 1,514,237
  • Low Value: 1,119,868

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $927,100
  • Assessed Land Value: $404,500
  • Assessed Improvements Value: $522,600

    Sales

  • Current Sale Contract Date: Sep 15, 2022
  • Current Sale Recording Date: Sep 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 81716
  • Previous Sale Recording Date: Sep 14, 2009
  • Previous Sale Amount: $670,000
  • 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

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2629 ft²

Average Home Age

59.8 years

Currently For Sale

1318 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73008519

Frequently Asked Questions

When was property at 62 Colby Way built and last sold?
The property at 62 Colby Way was built in 1995 and last sold on Sep 15, 2022 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 62 Colby Way is $1,227,695.
What are some comparable homes to 62 Colby Way?
There are currently no comparable homes to 62 Colby Way.
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