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Somerset 02726
747 Highview
$345,000
● House - Off Market

747 Highview

Somerset, MA 02726
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,144 Ft²
$405,050
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

GREAT 3 BEDROOM RANCH WITH HARDWOOD FLOORS,  A LARGE LIVING ROOM THAT OPENS TO THE DINING AREA AND KITCHEN.  THE DINING AREA HAS SLIDERS TO A 15X14 SUNROOM (COULD EASILY BE MADE TO YEAR ROUND ROOM). IMPROVEMENTS INCLUDE HARVEY REPLACEMENT WINDOWS APPROX. FIVE YEARS OLD, A NEWER HEATING  SYSTEM AND CENTRAL AC APPPROX. 3 YEARS OLD AND A ROOF APPROX. TEN YEARS OLD. THERE IS A FINISHED BASEMENT WITH A SEPARATE HEATING ZONE. IF YOU HAVE BEEN LOOKING FOR A NICE RANCH THAT YOU CAN PUT YOUR PERSONAL TOUCHES TO MAKE IT YOUR OWN, THIS IS THE ONE.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$315
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1968

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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 years ago (MLSPIN #72882523)

Price History

Date / Event Date Event Price
Oct 27, 2021 Sold
Premium
Sold
Aug 17, 2021 Listed by Salt Marsh Realty Group $359,900
Listed by Salt Marsh Realty Group

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,144
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,144
  • Gross Building Area: 2,288
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 644102

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0D8 L:0047
  • Lot: 47
  • Municipality: SOMERSET
  • Latitude: 41.7721
  • Longitude: -71.1531

    Address

  • Full Address: 747 Highview Ave
  • Address - House Number: 747
  • Address - Street Name: Highview
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Somerset
  • Carrier Code: C051
  • 4-Digit Zip Code: 3782
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $441,800

    Appraisal Valuation

  • Standard Deviation: 0.1923
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 419,427
  • High Value: 500,101
  • Low Value: 338,754

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $348,400
  • Assessed Land Value: $155,900
  • Assessed Improvements Value: $192,500

    Sales

  • Current Sale Contract Date: Oct 26, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24886
  • Previous Sale Recording Date: Jul 24, 2017
  • Previous 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 Somerset

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1779 ft²

Average Home Age

67 years

Currently For Sale

23 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

Currently no nearby rentals
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72882523

Frequently Asked Questions

When was property at 747 Highview Avenue built and last sold?
The property at 747 Highview Avenue was built in 1968 and last sold on Oct 26, 2021 for $345,000.
How much is this home worth?
The estimated value of the home located at 747 Highview Avenue is $365,540.
What are some comparable homes to 747 Highview Avenue?
There are currently no comparable homes to 747 Highview Avenue.
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