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Norfolk
7 King Philip Trail
$389,900
● House - Off Market

7 King Philip Trail

Norfolk, MA 02056
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,500 Ft²
$1,446,971
RealtyHop Estimate
261.83%
Since Jan 1, 1999
MA-Boston
Primary Model

About This Property

SPACIOUS CUSTOM-BUILT HOME SET ON 5 ACRES OVERLOOKING LAKE. LOVELY VIEWS FROM MANY GENEROUS OVER-SIZED WINDOWS,SLIDERS AND MULTIPLE DECKS. ESTABLISHED TREES/LANDSCAPING. MANY FINE DETAILS INCLUDE A LARGE GRANITE FREE-STANDING FIREPLACE.
Unit Size
3,500 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$114
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1979

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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 #30272252)

Price History

Date / Event Date Event Price
Oct 31, 2001 Sold
Premium
Sold
Aug 11, 2001 Listed by Prudential Prime Properties $539,900
Listed by Prudential Prime Properties
Dec 11, 1998 Sold
Premium
Sold
Oct 30, 1998 Listed by Prudential Prime Properties $399,900
Listed by Prudential Prime Properties

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • Floor Count: 200
  • 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: 217,914
  • Total Building Area: 4,831
  • Gross Building Area: 6,586
  • Building Area: 4,831
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,831
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005003
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Parcel: NORF M:0022 B:0073 L:0019
  • Block: 73
  • Lot: 19
  • Municipality: NORFOLK
  • Latitude: 42.1258
  • Longitude: -71.3104

    Address

  • Full Address: 7 King Philip Trl
  • Address - House Number: 7
  • Address - Street Name: King Philip
  • Address - Suffix Type: Trl
  • State: MA
  • City Name: Norfolk
  • Carrier Code: R008
  • 4-Digit Zip Code: 1405
  • Zip Code: 02056

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,691,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1253
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 86
  • Final Value: 1,204,511
  • High Value: 1,355,512
  • Low Value: 1,053,510

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,086,200
  • Assessed Land Value: $456,300
  • Assessed Improvements Value: $629,900

    Sales

  • Current Sale Recording Date: Oct 31, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 147990
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:

$752,900

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2529 ft²

Average Home Age

60.6 years

Currently For Sale

1465 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# 30272252

Frequently Asked Questions

When was property at 7 King Philip Trail built and last sold?
The property at 7 King Philip Trail was built in 1979 and last sold on Jan 1, 1970 for $520,000.
How much is this home worth?
The estimated value of the home located at 7 King Philip Trail is $0.
What are some comparable homes to 7 King Philip Trail?
There are currently no comparable homes to 7 King Philip Trail.
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