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Norwood 02062
71 Codman Road
$552,500
● House - Off Market

71 Codman Road

Norwood, MA 02062
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,508 Ft²
$532,029
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Conveniently located in a popular neighborhood this well cared for Cape is perfect with its flexibility . Eat in kitchen, separate dining room , family room  and third bedroom.  do you have someone who needs to avoid stairs? No problem with that bedroom and full bath on the first floor. Need an office at home? Here it is. Looking for a den or somewhere for the children to hang out? The finished basement is ideal. Second floor has two good sized bedrooms and another full bathroom. Newer  roof and new windows. Hardwoods under the carpets. A porch for those balmy days. A private fenced level backyard for outdoor entertaining or playing. All appliances stay. This home has it all. With a  little cosmetic updating you can have a gem! NO SHOWINGS UNTIL SARURDAY 4/9
Unit Size
1,508 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$348
Property Type
House
Property Taxes
$420
HOA Dues
-
Year Built
1950

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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 #72964601)

Price History

Date / Event Date Event Price
May 20, 2022 Sold
Premium
Sold
Apr 8, 2022 Listed by Realty Executives Boston West $525,000
Listed by Realty Executives Boston West

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 8,387
  • Total Building Area: 1,260
  • Gross Building Area: 2,406
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Norwood School District
  • School Tax School District: NORWOOD SD
  • Census Tract: 413201

Geography

  • Parcel: NORW M:00019 B:00004 L:00075
  • Block: 4
  • Lot: 75
  • Municipality: NORWOOD
  • Latitude: 42.2077
  • Longitude: -71.1897

    Address

  • Full Address: 71 Codman Rd
  • Address - House Number: 71
  • Address - Street Name: Codman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Norwood
  • Carrier Code: C014
  • 4-Digit Zip Code: 3937
  • Zip Code: 02062

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $564,100

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 607,576
  • High Value: 710,532
  • Low Value: 504,621

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $538,800
  • Assessed Land Value: $270,100
  • Assessed Improvements Value: $268,700

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 44734

    Financing

  • First Mortgage Financing Type: ADJ
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 Norwood

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$426

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2194 ft²

Average Home Age

62.3 years

Currently For Sale

37 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: 4 months ago
Data Source: MLS PIN, MLS# 72964601

Frequently Asked Questions

When was property at 71 Codman Road built and last sold?
The property at 71 Codman Road was built in 1950 and last sold on May 20, 2022 for $552,500.
How much is this home worth?
The estimated value of the home located at 71 Codman Road is $534,448.
What are some comparable homes to 71 Codman Road?
There are currently no comparable homes to 71 Codman Road.
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