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Onset 02538
8 Penny Lane
$346,000
● House - Off Market

8 Penny Lane

Wareham, MA 02538
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,754 Ft²
$629,535
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model

About This Property

"There beneath the blue suburban skies "and set on a quiet country lane there is a wonderful home. The grounds are perfectly landscaped and manicured with many flower beds, sitting areas and indigenous mature plantings. This home has three bedrooms with two full baths including a first floor bedroom large living room with a fireplace and cathedral ceilings and sliders to a very large and private deck. You will love the expanded kitchen with loads of cabinetry and a breakfast bar plus a generous dining area and all enhanced by gleaming wood flooring and lots of natural light. This home is set perfectly on over an acre of lush land for the ultimate in country living yet you are just minutes to beaches, golf, highways and shopping.
Unit Size
1,754 Ft²
Days on Market
-
Land Size
1.13 acres
Price per sqft
$202
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
2000

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #71899593)

Price History

Date / Event Date Event Price
Oct 30, 2015 Sold
Premium
Sold
Sep 7, 2015 Listed by Jack Conway - Conway On The Bay $354,900
Listed by Jack Conway - Conway On The Bay
Apr 6, 2001 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • 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: 49,223
  • Total Building Area: 1,614
  • Gross Building Area: 3,894
  • Building Area: 1,614
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,614
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001130
  • 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: 545300

Geography

  • Parcel: WARE M:00017 B:000 L:000V4
  • Lot: V4
  • Municipality: WAREHAM
  • Latitude: 41.7518
  • Longitude: -70.6763

    Address

  • Full Address: 8 Penny Ln
  • Address - House Number: 8
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: East Wareham
  • Carrier Code: R001
  • 4-Digit Zip Code: 1352
  • Zip Code: 02538

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $564,500

    Appraisal Valuation

  • Standard Deviation: 0.1633
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 619,190
  • High Value: 720,313
  • Low Value: 518,067

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $502,700
  • Assessed Land Value: $114,700
  • Assessed Improvements Value: $388,000

    Sales

  • Current Sale Recording Date: Oct 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 91096
  • Previous Sale Recording Date: Apr 06, 2001
  • Previous Sale Amount: $235,700
  • Previous Sale Document Type: 27
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 Onset

Stats & Trends

Median Asking:

$474,950

Sale Price/ft²

$352

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1347 ft²

Average Home Age

114.6 years

Currently For Sale

7 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: 5 months ago
Data Source: MLS PIN, MLS# 71899593

Frequently Asked Questions

When was property at 8 Penny Lane built and last sold?
The property at 8 Penny Lane was built in 2000 and last sold on Jan 1, 1970 for $346,000.
How much is this home worth?
The estimated value of the home located at 8 Penny Lane is $377,597.
What are some comparable homes to 8 Penny Lane?
There are currently no comparable homes to 8 Penny Lane.
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