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Gardner 01440
7 Norman Street
$288,000
● House - Off Market

7 Norman Street

Gardner, MA 01440
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$253,325
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Showings begin with Open House this Saturday, March 12th from 11:00 to 12:30.   This home was built and lovingly maintained by the original owner.  Single level living at its best; this 3 bedroom ranch is waiting for your personal touch!  Hardwood floors in all three bedrooms and living room, eat-in kitchen with sliders to exterior.  Some of the bonuses include carport, deck overlooking back yard and newer oil tank (2 years).  Conveniently located on a dead end street yet close to area playground, major routes and golf course.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$229
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1964

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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 #72950735)

Price History

Date / Event Date Event Price
Apr 27, 2022 Sold
Premium
Sold
Mar 9, 2022 Listed by Foster-Healey Real Estate $249,900
Listed by Foster-Healey Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 23
  • 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: 10,389
  • Total Building Area: 1,092
  • Gross Building Area: 2,640
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000238
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gardner School District
  • School Tax School District: GARDNER SD
  • Census Tract: 707400

Geography

  • Parcel: GARD M:M27 B:8 L:26
  • Block: 8
  • Lot: 26
  • Municipality: GARDNER
  • Latitude: 42.5845
  • Longitude: -72.0028

    Address

  • Full Address: 7 Norman St
  • Address - House Number: 7
  • Address - Street Name: Norman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gardner
  • Carrier Code: C012
  • 4-Digit Zip Code: 1915
  • Zip Code: 01440

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $379,700

    Appraisal Valuation

  • Standard Deviation: 0.205
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 306,636
  • High Value: 369,515
  • Low Value: 243,758

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $253,300
  • Assessed Land Value: $68,800
  • Assessed Improvements Value: $184,500

    Sales

  • Current Sale Contract Date: Apr 27, 2022
  • Current Sale Recording Date: Apr 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 46008
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 Gardner

Stats & Trends

Median Asking:

$386,200

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2445 ft²

Average Home Age

88.1 years

Currently For Sale

57 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72950735

Frequently Asked Questions

When was property at 7 Norman Street built and last sold?
The property at 7 Norman Street was built in 1964 and last sold on Apr 27, 2022 for $288,000.
How much is this home worth?
The estimated value of the home located at 7 Norman Street is $256,546.
What are some comparable homes to 7 Norman Street?
There are currently no comparable homes to 7 Norman Street.
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