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Norfolk
75 Cherry Street
$299,000
● Land - Off Market

75 Cherry Street

Wrentham, MA 02093
bedrooms
Studio
bathrooms
0 Bath
$442,571
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

OVER 4 acre lot to be created from a larger parcel in combination with an  existing lot (Lot 2R plus Parcel A on attached). Lot will have Town Water, Private Septic. Percs completed. Home site will be in area behind 57 Cherry Street. Entry way for drive can be through old pasture gate in stone wall. Cherry Street is one of the nicest streets in Wrentham. It is a scenic road with huge oaks and stone walls on both sides. Just a great location. Homes in this area are over $900K. Call for docs. Closing subject to SELLER getting Form A for new lot and will be late November.
Unit Size
-
Days on Market
-
Land Size
4.49 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2022

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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 #72383744)

Price History

Date / Event Date Event Price
May 3, 2019 Sold
Premium
Sold
Feb 1, 2019 Sold
Premium
Sold
Aug 23, 2018 Listed by First New England Realty Group $300,000
Listed by First New England Realty Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 3
  • 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 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: 192,415
  • Total Building Area: 3,705
  • Gross Building Area: 8,906
  • Building Area: 3,705
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,705
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004417
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: King Philip School District
  • School Tax School District: WRENTHAM SD
  • Census Tract: 441204

Zoning

  • Zoning: R-87

Geography

  • Parcel: WREN M:H-04 B:04 L:05
  • Block: 4
  • Lot: 5
  • Municipality: WRENTHAM
  • Latitude: 42.036
  • Longitude: -71.376

    Address

  • Full Address: 75 Cherry St
  • Address - House Number: 75
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wrentham
  • Zip Code: 02093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $472,700

    Appraisal Valuation

  • Standard Deviation: 0.1193
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 87
  • Final Value: 474,416
  • High Value: 531,038
  • Low Value: 417,794

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $374,600
  • Assessed Land Value: $339,700
  • Assessed Improvements Value: $34,900

    Sales

  • Current Sale Contract Date: May 03, 2019
  • Current Sale Recording Date: May 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 33337
  • Previous Sale Recording Date: Feb 01, 2019
  • Previous Sale Contract Date: Oct 31, 2018
  • Previous Sale Amount: $750,000
  • Previous Sale Document Type: O
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:

$750,000

Sale Price/ft²

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2629 ft²

Average Home Age

59.8 years

Currently For Sale

1318 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# 72383744

Frequently Asked Questions

When was property at 75 Cherry Street built and last sold?
The property at 75 Cherry Street was built in 2022 and last sold on May 3, 2019 for $299,000.
How much is this home worth?
The estimated value of the home located at 75 Cherry Street is $303,000.
What are some comparable homes to 75 Cherry Street?
There are currently no comparable homes to 75 Cherry Street.
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