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Millis-Clicquot 02054
7 Sherman Rd
$417,000
● House - Off Market

7 Sherman Rd

Millis, MA 02054
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,918 Ft²
$710,388
RealtyHop Estimate
66.80%
Since Aug 1, 2016
MA-Boston
Primary Model

About This Property

This 4 bedroom Colonial on a spacious lot will charm and captivate. The house is move-in ready, featuring refinished hardwood floors, new roof, brand new kitchen appliances, granite countertops, and new double-paned windows. Other features include a fully screened in front porch, single car garage with attic and double-wide driveway and first floor laundry room. The basement includes a finished family room, workshop area and firewood storage. Desirably located in a friendly and well established neighborhood, close to award-winning schools and with easy access to Boston.
Unit Size
1,918 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$222
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1963

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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 #72015533)

Price History

Date / Event Date Event Price
Jul 27, 2016 Sold
Premium
Sold
Jun 2, 2016 Listed by Thread Real Estate, LLC $425,900
Listed by Thread Real Estate, LLC
Aug 29, 1977 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 16,988
  • Total Building Area: 1,560
  • Gross Building Area: 2,745
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Millis School District
  • School Tax School District: MILLIS SD
  • Census Tract: 407102

Geography

  • Parcel: MILL M:036 B:0000004
  • Block: 4
  • Municipality: MILLIS
  • Latitude: 42.1612
  • Longitude: -71.3517

    Address

  • Full Address: 7 Sherman Rd
  • Address - House Number: 7
  • Address - Street Name: Sherman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Millis
  • Carrier Code: C001
  • 4-Digit Zip Code: 1540
  • Zip Code: 02054

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $926,100

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 666,178
  • High Value: 769,355
  • Low Value: 563,001

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,000
  • Assessed Land Value: $218,500
  • Assessed Improvements Value: $345,500

    Sales

  • Current Sale Recording Date: Aug 29, 1977
  • Current Sale Price:
    Premium
  • Current 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 Millis-Clicquot

Stats & Trends

Median Asking:

$615,000

Sale Price/ft²

$347

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2334 ft²

Average Home Age

68 years

Currently For Sale

9 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# 72015533

Frequently Asked Questions

When was property at 7 Sherman Road built and last sold?
The property at 7 Sherman Road was built in 1963 and last sold on Jan 1, 1970 for $44,000.
How much is this home worth?
The estimated value of the home located at 7 Sherman Road is $441,076.
What are some comparable homes to 7 Sherman Road?
There are currently no comparable homes to 7 Sherman Road.
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