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Norfolk
7 Ash Lane L#11
$393,700
● House - Off Market

7 Ash Lane L#11

Medway, MA 02053
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,200 Ft²
$1,053,714
RealtyHop Estimate
168.19%
Since Nov 1, 2001
National-US
Primary Model

About This Property

HIP ROOF COLONIAL W/2CAR GARAGE UNDER-16X24 FAMILYROOM OVER MASTER SUITE W/BATH&WALKIN CLOSET ROUGHED FOR A/C EAT-IN KITCHEN W/SLIDER TO DECK MINUTES IN RTS 109 & 495 FORMALLY CLOVER LANE
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$179
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2001

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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 years ago (MLSPIN #30474214)

Price History

Date / Event Date Event Price
Jan 9, 2015 Sold
Premium
Sold
Oct 26, 2001 Sold
Premium
Sold
Jan 28, 2001 Listed by Berkshire Hathaway HomeServices Page Realty $392,900
Listed by Berkshire Hathaway HomeServices Page Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,472
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,765
  • Total Building Area: 2,560
  • Gross Building Area: 4,248
  • Building Area: 2,560
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,560
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000844
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medway School District
  • School Tax School District: MEDWAY SD
  • Census Tract: 408104

Zoning

  • Zoning: ARII

Geography

  • Account Number: 5-200-11
  • Parcel: MEDW M:21 B:078
  • Block: 78
  • Municipality: MEDWAY
  • Latitude: 42.1626
  • Longitude: -71.4234

    Address

  • Full Address: 7 Ash Ln
  • Address - House Number: 7
  • Address - Street Name: Ash
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Medway
  • Carrier Code: C004
  • 4-Digit Zip Code: 2376
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,156,400

    Appraisal Valuation

  • Standard Deviation: 0.1524
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 912,934
  • High Value: 1,052,069
  • Low Value: 773,798

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $725,500
  • Assessed Land Value: $304,500
  • Assessed Improvements Value: $421,000

    Sales

  • Current Sale Recording Date: Jan 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2338

    Open Lien Mortgages

  • Third Open Lien Mortgage Interest Rate Type: Y
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:

$754,950

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2583 ft²

Average Home Age

59.8 years

Currently For Sale

1388 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 years ago
Data Source: MLS PIN, MLS# 30474214

Frequently Asked Questions

When was property at 7 Ash Lane built and last sold?
The property at 7 Ash Lane was built in 2001 and last sold on Jan 1, 1970 for $532,500.
How much is this home worth?
The estimated value of the home located at 7 Ash Lane is $0.
What are some comparable homes to 7 Ash Lane?
There are currently no comparable homes to 7 Ash Lane.
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