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Millers Falls 01344
8 Park Street
$120,000
● House - Off Market

8 Park Street

Erving, MA 01344
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,162 Ft²
$222,373
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Nestled between 2 town parks in the Millers Falls section of Erving you'll find this sweet traditional home.  In the same family for over 40 years, the house has been loved, but is ready for updating by the next owner.  Some great things have already been completed including replacement windows and a 7 yr old Thermapride furnace with central A/C.  Could easily be one level living with a ramp to the large back deck and 2 bedrooms and bath with walk in shower on the first floor.  Spread out with 2 more bedrooms and bath upstairs.  Storage options in the attic or dry basement.  Enjoy low Erving taxes and the close proximity to the town library, senior center, Rt 2 and shopping.  Affordable and ready for you!
Unit Size
1,162 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$120
Property Type
House
Property Taxes
$83
HOA Dues
-
Year Built
1915

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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 #72162646)

Price History

Date / Event Date Event Price
Oct 6, 2017 Sold
Premium
Sold
May 11, 2017 Listed by 5 College REALTORS® $139,900
Listed by 5 College REALTORS®

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 831
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,018
  • Total Building Area: 1,162
  • Gross Building Area: 2,295
  • Building Area: 1,162
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,162
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gill-Montague School District in Erving (7-12)
  • Census Tract: 040400

Zoning

  • Zoning: GP

Geography

  • Parcel: ERVI M:004 B:005 L:024
  • Block: 5
  • Lot: 24
  • Municipality: ERVING
  • Latitude: 42.5833
  • Longitude: -72.4915

    Address

  • Full Address: 8 Park St
  • Address - House Number: 8
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MA
  • City Name: Erving
  • Carrier Code: C006
  • 4-Digit Zip Code: 4431
  • Zip Code: 01344

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $152,200

    Appraisal Valuation

  • Standard Deviation: 0.1462
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 257,583
  • High Value: 295,249
  • Low Value: 219,916

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,300
  • Assessed Land Value: $63,300
  • Assessed Improvements Value: $127,000

    Sales

  • Current Sale Recording Date: Oct 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11129
  • Previous Sale Recording Date: Sep 20, 2010
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Millers Falls

Stats & Trends

Median Asking:

$304,950

Sale Price/ft²

$203

Below Asking

0.04%

Average Days on Market

53

Average Home Size

1492 ft²

Average Home Age

97.5 years

Currently For Sale

2 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72162646

Frequently Asked Questions

When was property at 8 Park Street built and last sold?
The property at 8 Park Street was built in 1915 and last sold on Jan 1, 1970 for $120,000.
How much is this home worth?
The estimated value of the home located at 8 Park Street is $141,748.
What are some comparable homes to 8 Park Street?
There are currently no comparable homes to 8 Park Street.
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