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Wareham Center 02571
8 Murphy St
$475,000
● House - Off Market

8 Murphy St

Wareham, MA 02571
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$2,783
Est. Monthly

About This Property

Coastal living meets modern comfort. This fully renovated home, just steps from the beach, offers a unique lifestyle opportunity. This home can be purchased with the house next door. Live in one and rent the other, use one as an in-law suite, or rent both for maximum income. The possibilities are endless. 8 Murphy boasts 4 bedrooms and 1 bath, while 10 Murphy offers 3 bedrooms and 1 bath. Located on a tranquil dead-end street, you'll enjoy peace and quiet even during those bustling summer months. Don't miss this rare opportunity- properties like this are a true gem.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$333
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1960

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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 #73268268)

Price History

Date / Event Date Event Price
Feb 12, 2025 Sold
Premium
Sold
Jan 26, 2025 In contract -
In contract
Nov 21, 2024 Price Decreased $499,900
↓ $25K (4.8%)
Price Decreased
Sep 20, 2024 Relisted $525,000
Relisted
Aug 23, 2024 In contract -
In contract
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 3,800
  • Total Building Area: 1,500
  • Gross Building Area: 3,256
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000087
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wareham School District
  • School Tax School District: WAREHAM SD
  • Census Tract: 545400

Geography

  • Parcel: WARE M:0050A B:000 L:00156
  • Lot: 156
  • Municipality: WAREHAM
  • Latitude: 41.7378
  • Longitude: -70.7233

    Address

  • Full Address: 8 Murphy St
  • Address - House Number: 8
  • Address - Street Name: Murphy
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wareham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1555
  • Zip Code: 02571

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $393,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2459
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 65
  • Final Value: 570,131
  • High Value: 710,327
  • Low Value: 429,934

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $350,500
  • Assessed Land Value: $82,500
  • Assessed Improvements Value: $268,000

    Sales

  • Current Sale Contract Date: Jun 13, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41669
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 Wareham Center

Stats & Trends

Median Asking:

$442,500

Sale Price/ft²

$459

Below Asking

0.03%

Average Days on Market

62

Average Home Size

1377 ft²

Average Home Age

99.5 years

Currently For Sale

12 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# 73268268

Frequently Asked Questions

When was property at 8 Murphy Street built and last sold?
The property at 8 Murphy Street was built in 1960 and last sold on Jun 13, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 8 Murphy Street is $906,487.
What are some comparable homes to 8 Murphy Street?
There are currently no comparable homes to 8 Murphy Street.
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