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Norfolk 02054
7 Alma Rd
$505,000
● House - Off Market

7 Alma Rd

Millis, MA 02054
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,556 Ft²
$803,103
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model

About This Property

***Price Reduced***Fantastic sprawling ranch, complete with a full in-law! This main living area of the home features 3 bedrooms, and 2 full bathrooms, dining room with built-in cabinets, and the stone fireplace takes center stage in the spacious living room. Step out of the kitchen and into your own private paradise in the fenced-in yard, with a garden and salt water in-ground pool. Finished walk-out basement for additional living space, and tons of storage! This home also features a 2 BR attached in-law, with a kitchen, full bathroom, and laundry area located on the same floor. Deck with ramp leads to the side entrance of the in-law.
Unit Size
2,556 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$199
Property Type
House
Property Taxes
$694
HOA Dues
-
Year Built
1952

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72196125)

Price History

Date / Event Date Event Price
Mar 1, 2021 Sold
Premium
Sold
Nov 14, 2020 Listed by Real Living Realty Group $555,000
Listed by Real Living Realty Group
Jan 31, 2018 Sold
Premium
Sold
Jul 11, 2017 Listed by Real Living Realty Group $509,000
Listed by Real Living Realty Group
Dec 30, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 3
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,492
  • Total Building Area: 2,556
  • Gross Building Area: 4,548
  • Building Area: 2,556
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,556
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000700
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Millis School District
  • School Tax School District: MILLIS SD
  • Census Tract: 407102

Geography

  • Parcel: MILL M:032 B:0000014
  • Block: 14
  • Municipality: MILLIS
  • Latitude: 42.1531
  • Longitude: -71.3818

    Address

  • Full Address: 7 Alma Rd
  • Address - House Number: 7
  • Address - Street Name: Alma
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Millis
  • Carrier Code: C004
  • 4-Digit Zip Code: 1414
  • Zip Code: 02054

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $979,600

    Appraisal Valuation

  • Standard Deviation: 0.1498
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 710,521
  • High Value: 817,019
  • Low Value: 604,023

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $596,600
  • Assessed Land Value: $189,500
  • Assessed Improvements Value: $407,100

    Sales

  • Current Sale Contract Date: Feb 26, 2021
  • Current Sale Recording Date: Mar 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25890
  • Previous Sale Recording Date: Jan 31, 2018
  • Previous Sale Amount: $505,000
  • 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 Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2621 ft²

Average Home Age

59.6 years

Currently For Sale

1323 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# 72196125

Frequently Asked Questions

When was property at 7 Alma Road built and last sold?
The property at 7 Alma Road was built in 1952 and last sold on Feb 26, 2021 for $555,000.
How much is this home worth?
The estimated value of the home located at 7 Alma Road is $559,228.
What are some comparable homes to 7 Alma Road?
There are currently no comparable homes to 7 Alma Road.
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