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Norfolk
Lot 7 Indian Lane
$315,000
● Land - Off Market

Lot 7 Indian Lane

Canton, MA 02021
bedrooms
Studio
bathrooms
0 Bath
$456,330
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Attention BUILDERS, DEVELOPERS, HOME BUYERS... this is a UNIQUE OPPORTUNITY to build YOUR OWN CUSTOM DESIGN DREAM HOME on any one of these half acre + lots, (#4 - #7).  The lots run deep so siting your home more prominently above the Lane in a majestic setting overlooking the lush natural landscape is an option with a large building envelope.  Each lot offers privacy,  and for you nature lovers, included is partial ownership in the abutting 6.82 acre of natural "OPEN SPACE" that leads from your rear door with direct access to GLEN ECHO LAKE.    Lots, #1, #2 and #3 already SOLD.  Last 5 Lots are remaining.  Be part of this exciting NEW high-end neighborhood.   Lots are ready to pull the permit and begin your dream!!!
Unit Size
-
Days on Market
-
Land Size
0.55 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$300
Year Built
1950

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 #72680665)

Price History

Date / Event Date Event Price
Sep 29, 2020 Sold
Premium
Sold
Jun 25, 2020 Listed by United Realty Express $349,000
Listed by United Realty Express

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,950
  • Total Building Area: 1,014
  • Building Area: 1,014
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,014
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000986
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Canton School District
  • Census Tract: 415201

Zoning

  • Zoning: SRAA

Geography

  • Account Number: 6244
  • Parcel: CANT M:101 P:45
  • Municipality: CANTON
  • Latitude: 42.1604
  • Longitude: -71.0871

    Address

  • Full Address: 7 Indian Ln
  • Address - House Number: 7
  • Address - Street Name: Indian
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Canton
  • Carrier Code: C007
  • 4-Digit Zip Code: 3511
  • Zip Code: 02021

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $458,000

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 489,698
  • High Value: 572,682
  • Low Value: 406,715

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $459,400
  • Assessed Land Value: $275,000
  • Assessed Improvements Value: $184,400

    Sales

  • Current Sale Contract Date: Sep 14, 2020
  • Current Sale Recording Date: Sep 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 103408
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72680665

Frequently Asked Questions

When was property at 7 Indian Lane built and last sold?
The property at 7 Indian Lane was built in 1950 and last sold on Sep 14, 2020 for $315,000.
How much is this home worth?
The estimated value of the home located at 7 Indian Lane is $352,490.
What are some comparable homes to 7 Indian Lane?
There are currently no comparable homes to 7 Indian Lane.
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