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Norfolk
8 Hemlock Drive
$302,000
● House - Off Market

8 Hemlock Drive

Medway, MA 02053
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$579,108
RealtyHop Estimate
86.87%
Since Jan 1, 2015
National-US
Primary Model

About This Property

SPACIOUS RANCH IN WONDERFUL QUIET NEIGHBORHOOD SETTING! MANY UPDATES INCLUDE GORGEOUS MAPLE CABINET KITCHEN WITH RECESSED LIGHTING AND GRANITE COUNTER TOPS. LARGE LIVINGROOM WITH FIREPLACE AND WALL A/C. NICE DININGROOM OPENS TO LARGE SCREENED IN PORCH WITH CEILING FAN. UPDATED FULL BATH WITH CERAMIC FLOOR, SPACIOUS BEDROOMS AND GREAT FAMILYROOM IN FINISHED LOWER LEVEL FOR FAMILY FUN. WONDERFUL, FENCED IN LANDSCAPED YARD WITH 2 STORAGE SHEDS. MAINTENANCE FREE VINYL SIDING, INSULATED THERMO WINDOWS AND DOORS FOR ENERGY SAVINGS AND MORE! ALL APPLIANCES ARE INCLUDED. MOVE RIGHT IN. QUICK CLOSING POSSIBLE. ONE YEAR HOME WARRANTY INCLUDED! COME SEE THIS HOME TODAY!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$258
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1961

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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 #71754728)

Price History

Date / Event Date Event Price
Dec 1, 2014 Sold
Premium
Sold
Oct 8, 2014 Listed by RE/MAX Home Finders $309,900
Listed by RE/MAX Home Finders
Aug 19, 2005 Sold
Premium
Sold
May 18, 2005 Listed by RE/MAX Home Finders $324,000
Listed by RE/MAX Home Finders

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,044
  • Gross Building Area: 2,544
  • Building Area: 1,044
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,044
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • 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: ARII

Geography

  • Account Number: 5-99
  • Parcel: MEDW M:21 B:018
  • Block: 18
  • Municipality: MEDWAY
  • Latitude: 42.1637
  • Longitude: -71.4261

    Address

  • Full Address: 8 Hemlock Dr
  • Address - House Number: 8
  • Address - Street Name: Hemlock
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Medway
  • Carrier Code: C006
  • 4-Digit Zip Code: 2318
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $621,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1855
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 75
  • Final Value: 493,931
  • High Value: 585,601
  • Low Value: 402,262

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $389,900
  • Assessed Land Value: $233,700
  • Assessed Improvements Value: $156,200

    Sales

  • Current Sale Recording Date: Dec 01, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 105433
  • Previous Sale Recording Date: Aug 19, 2005
  • Previous Sale Amount: $321,500
  • Previous Sale Document Type: 27

    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 Norfolk

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$430

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2621 ft²

Average Home Age

59.6 years

Currently For Sale

1323 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71754728

Frequently Asked Questions

When was property at 8 Hemlock Drive built and last sold?
The property at 8 Hemlock Drive was built in 1961 and last sold on Jan 1, 1970 for $302,000.
How much is this home worth?
The estimated value of the home located at 8 Hemlock Drive is $325,923.
What are some comparable homes to 8 Hemlock Drive?
There are currently no comparable homes to 8 Hemlock Drive.
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