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Somerset 02726
74 Colonial Dr
$285,000
● House - Off Market

74 Colonial Dr

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,380 Ft²
$524,080
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

Just Move in this 3 bedroom Ranch ,All recent updates. Modern Kitchen, Bath , updated Heating system w/hot water booster tank. Bonus room off dinning area with large windows overlooking private back yard and rear deck. Two stall garage ,sprinkler system . All located in a wonderful neighborhood.
Unit Size
1,380 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$210
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1970

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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 #71798901)

Price History

Date / Event Date Event Price
Apr 30, 2015 Sold
Premium
Sold
Mar 9, 2015 Listed by Riverside Realty $289,900
Listed by Riverside Realty

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,188
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 1,188
  • Gross Building Area: 2,376
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,188
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644200

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0C5 L:0253
  • Lot: 253
  • Municipality: SOMERSET
  • Latitude: 41.746
  • Longitude: -71.1521

    Address

  • Full Address: 74 Colonial Dr
  • Address - House Number: 74
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Somerset
  • Carrier Code: C072
  • 4-Digit Zip Code: 3205
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $480,700

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 471,548
  • High Value: 555,961
  • Low Value: 387,135

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $379,100
  • Assessed Land Value: $169,300
  • Assessed Improvements Value: $209,800

    Sales

  • Current Sale Recording Date: Apr 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 6144
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 Somerset

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$330

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1900 ft²

Average Home Age

54.9 years

Currently For Sale

25 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# 71798901

Frequently Asked Questions

When was property at 74 Colonial Drive built and last sold?
The property at 74 Colonial Drive was built in 1970 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 74 Colonial Drive is $301,272.
What are some comparable homes to 74 Colonial Drive?
There are currently no comparable homes to 74 Colonial Drive.
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