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Norfolk
7 Vernon Rd
$450,000
● House - Off Market

7 Vernon Rd

Medway, MA 02053
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,601 Ft²
$434,709
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Welcome Home. Come see this Custom Ranch in great shape and make it your own. One Level Living at its best! Living room with fireplace as you enter the front door. Gorgeous Family Room addition with Beamed Ceiling with slider access out to back yard . Sun Room overlooking Wooded backyard is the perfect spot to cozy up and drink your favorite beverage. Hardwood Flooring in most rooms. Three good sized bedrooms and 1.5 baths. Newer furnace and Water heater. Room to expand in the unfinished lower level. Located on a lovely cul-de-sac close to all amenities. Town Water & Sewer. Award winning schools. Great commuter location, Don't miss this one! Showings start immediately. Please schedule through showing time, Offers if any, due Monday at noon. Please allow 24 hours for seller review.
Unit Size
1,601 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$265
Property Type
House
Property Taxes
$527
HOA Dues
-
Year Built
1958

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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: 5 months ago (MLSPIN #72997733)

Price History

Date / Event Date Event Price
Jul 26, 2022 Sold
Premium
Sold
Jun 15, 2022 Listed by Better Living Real Estate, LLC $424,900
Listed by Better Living Real Estate, LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 1
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,601
  • Gross Building Area: 3,132
  • Building Area: 1,601
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,601
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medway School District
  • School Tax School District: MEDWAY SD
  • Census Tract: 408104

Zoning

  • Zoning: AR-I

Geography

  • Account Number: 6-409
  • Parcel: MEDW M:33 B:035
  • Block: 35
  • Municipality: MEDWAY
  • Latitude: 42.1544
  • Longitude: -71.3929

    Address

  • Full Address: 7 Vernon Rd
  • Address - House Number: 7
  • Address - Street Name: Vernon
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Medway
  • Carrier Code: C005
  • 4-Digit Zip Code: 1307
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $639,000

    Appraisal Valuation

  • Standard Deviation: 0.182
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 516,755
  • High Value: 610,842
  • Low Value: 422,668

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $400,900
  • Assessed Land Value: $234,500
  • Assessed Improvements Value: $166,400

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Jul 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 66339
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:

$751,700

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2527 ft²

Average Home Age

60.8 years

Currently For Sale

1464 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: 5 months ago
Data Source: MLS PIN, MLS# 72997733

Frequently Asked Questions

When was property at 7 Vernon Road built and last sold?
The property at 7 Vernon Road was built in 1958 and last sold on Jul 25, 2022 for $450,000.
How much is this home worth?
The estimated value of the home located at 7 Vernon Road is $444,729.
What are some comparable homes to 7 Vernon Road?
There are currently no comparable homes to 7 Vernon Road.
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