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Norfolk
7 Chestnut Rd
$265,000
● House - Off Market

7 Chestnut Rd

Norfolk, MA 02056
bedrooms
1 Bed
bathrooms
1 Bath
square feet
578 Ft²
$273,521
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

***HIGHEST & BEST BY MONDAY, JUNE 13TH AT 4PM***  A quaint cottage just a stones throw away from Mirror lake (with lake rights) and the beach.  This adorable, very well maintained, home has 1 bedroom and 1 bath, 2 decks  and a Garage.  It may sound tiny but its full of charm. Beautiful hardwood floors throughout. Lovely yard with beautiful plantings.  Being sold "As Is" "Where Is".  The home does have a cesspool which has not been tested.  Sellers have documentation from the town stating that they would allow a 2 bedroom septic system.  Subject to the seller finding suitable housing.
Unit Size
578 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$413
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1925

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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: 5 years ago (MLSPIN #72844654)

Price History

Date / Event Date Event Price
Aug 19, 2021 Sold
Premium
Sold
Jun 7, 2021 Listed by Realty Executives Boston West $239,000
Listed by Realty Executives Boston West

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 8,000
  • Total Building Area: 578
  • Gross Building Area: 696
  • Building Area: 578
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 578
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • Census Tract: 409101

Geography

  • Account Number: 170&171
  • Parcel: NORF M:0012 B:0062 L:0053
  • Block: 62
  • Lot: 53
  • Municipality: NORFOLK
  • Latitude: 42.093
  • Longitude: -71.3193

    Address

  • Full Address: 7 Chestnut Rd
  • Address - House Number: 7
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Norfolk
  • Carrier Code: R005
  • 4-Digit Zip Code: 1564
  • Zip Code: 02056

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $344,900

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 289,175
  • High Value: 338,368
  • Low Value: 239,982

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $221,500
  • Assessed Land Value: $155,200
  • Assessed Improvements Value: $66,300

    Sales

  • Current Sale Contract Date: Aug 19, 2021
  • Current Sale Recording Date: Aug 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 108276
  • Previous Sale Recording Date: Sep 20, 2012
  • Previous Sale Document Type: 27
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: 5 years ago
Data Source: MLS PIN, MLS# 72844654

Frequently Asked Questions

When was property at 7 Chestnut Road built and last sold?
The property at 7 Chestnut Road was built in 1925 and last sold on Aug 19, 2021 for $265,000.
How much is this home worth?
The estimated value of the home located at 7 Chestnut Road is $0.
What are some comparable homes to 7 Chestnut Road?
There are currently no comparable homes to 7 Chestnut Road.
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