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Onset 02558
7 Prospect Ave
Photo of 7 Prospect Ave

8

Map

Photo of 7 Prospect Ave
Photo of 7 Prospect Ave
$375,000
● House - Off Market

7 Prospect Ave

Wareham, MA 02558
bedrooms
5 Beds
bathrooms
1 Bath
square feet
1,498 Ft²
$2,282
Est. Monthly

About This Property

Location.  Step back in time in this rustic 5 bedroom 1885 cottage with spectacular year round views of Onset Bay.  This seasonal home is just waiting to be restored to its former glory.    Imagine sitting on your famers porch enjoying the scenic views.   Walk to downtown Onset or the beach. This home is just waiting for your renovation,   The heating system has been installed but not operational.    This home has no insulation and has been used as a summer home for many years
Unit Size
1,498 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$250
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1885

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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 #73451039)

Price History

Date / Event Date Event Price
Jul 1, 2026 No longer available -
No longer available
Nov 12, 2025 Withdrawn -
Withdrawn
Nov 4, 2025 Listed by Coldwell Banker Realty - Plymouth $375,000
Listed by Coldwell Banker Realty - Plymouth
Mar 17, 2004 Sold
Premium
Sold
Jan 21, 2004 Listed by Shell Pointe Real Estate, LLC $169,000
Listed by Shell Pointe Real Estate, LLC
PROPERTY VACANT FOR EXTENDED PERIOD AND IN NEED OF REPAIR NO HEATING SYSTEM SUBJECT TO SELLER OBTAINING "LICENSE TO SELL" ALL OFFERS MUST CONTAIN THIS WORDING

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • 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: 3,750
  • Total Building Area: 1,498
  • Gross Building Area: 2,770
  • Building Area: 1,498
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,498
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bourne School District
  • School Tax School District: WAREHAM SD
  • Census Tract: 545300

Geography

  • Parcel: WARE M:00001 B:000 L:00079
  • Lot: 79
  • Municipality: WAREHAM
  • Latitude: 41.7421
  • Longitude: -70.6609

    Address

  • Full Address: 7 Prospect Ave
  • Address - House Number: 7
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Onset
  • Zip Code: 02558

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $493,400

    Appraisal Valuation

  • Standard Deviation: 0.2378
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 566,864
  • High Value: 701,676
  • Low Value: 432,052

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $422,400
  • Assessed Land Value: $202,100
  • Assessed Improvements Value: $220,300
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 Onset

Stats & Trends

Median Asking:

$509,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1180 ft²

Average Home Age

90.2 years

Currently For Sale

5 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 months ago
Data Source: MLS PIN, MLS# 73451039

Frequently Asked Questions

When was property at 7 Prospect Avenue built and last sold?
The property at 7 Prospect Avenue was built in 1885 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Prospect Avenue is $378,750.
What are some comparable homes to 7 Prospect Avenue?
There are currently no comparable homes to 7 Prospect Avenue.
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