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Norfolk
8 Morningside Dr
$490,000
● House - Off Market

8 Morningside Dr

Medway, MA 02053
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,364 Ft²
$953,856
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

Medway's most affordable NEW construction - FOX RUN FARM. This Colonial style home is brand new to the market and ready for your finish selections.  Spacious 2,360+ s.f., eight room, open floor plan with many amenities including large eat-in kitchen with center island & granite counters, nine foot ceilings and hardwood floors on first floor. Convenient location close to shopping & schools. Incredible NEW HOME VALUE! House under construction similar pics. Plan Subject to Change.
Unit Size
2,364 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$207
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2013

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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 #71519295)

Price History

Date / Event Date Event Price
Jun 25, 2021 Sold
Premium
Sold
Mar 24, 2021 Listed by Prudential Page Realty $649,900
Listed by Prudential Page Realty
Sep 27, 2013 Sold
Premium
Sold
May 3, 2013 Listed by Prudential Page Realty $489,900
Listed by Prudential Page Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 958
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,504
  • Total Building Area: 2,319
  • Gross Building Area: 4,518
  • Building Area: 2,319
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,319
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • 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: AR-I

Geography

  • Account Number: 6-102-10
  • Parcel: MEDW M:22 B:053-0010
  • Block: 53-0010
  • Municipality: MEDWAY
  • Latitude: 42.1597
  • Longitude: -71.409

    Address

  • Full Address: 8 Morningside Dr
  • Address - House Number: 8
  • Address - Street Name: Morningside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Medway
  • Carrier Code: R002
  • 4-Digit Zip Code: 1900
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,087,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 834,810
  • High Value: 975,969
  • Low Value: 693,652

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $682,400
  • Assessed Land Value: $283,800
  • Assessed Improvements Value: $398,600

    Sales

  • Current Sale Contract Date: Jun 25, 2021
  • Current Sale Recording Date: Jun 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 82675
  • Previous Sale Recording Date: Sep 27, 2013
  • Previous Sale Amount: $490,000
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71519295

Frequently Asked Questions

When was property at 8 Morningside Drive built and last sold?
The property at 8 Morningside Drive was built in 2013 and last sold on Jun 25, 2021 for $710,000.
How much is this home worth?
The estimated value of the home located at 8 Morningside Drive is $698,140.
What are some comparable homes to 8 Morningside Drive?
There are currently no comparable homes to 8 Morningside Drive.
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