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New Bedford 02745
85 Heritage Drive
$465,000
● House - Off Market

85 Heritage Drive

New Bedford, MA 02745
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,220 Ft²
$2,667
Est. Monthly

About This Property

Location, Location! Immaculate move in ready 4 bedroom, 2 bath Cape in great North End neighborhood within ½ mile from Route 140. This young Cape features new 30 year architectural roof, newly installed solar panels (leased), maintenance free vinyl siding, tilt wash windows & storm doors, irrigation system, beautifully kept fenced in yard with patio area off back deck. Interior features beautiful hardwood floors, new fresh paint, central A.C., newer stainless steel appliances with lots of cabinets. Gas fireplace in living room, new first floor full bath, 1st flr bedroom and bonus room. The second floor has 3 bedrooms with full bath. Need extra space? Partially finished basement for all your entertainment needs or other.   A spacious home in a great neighborhood, in ready  move in condition?
Unit Size
2,220 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$205
Property Type
House
Property Taxes
$433
HOA Dues
-
Year Built
1986

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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: 5 months ago (MLSPIN #73178920)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Nov 14, 2023 In contract -
In contract
Nov 9, 2023 Listed by Berkshire Hathaway HomeServices Robert Paul Properties $455,000
Listed by Berkshire Hathaway HomeServices Robert Paul Properties
Oct 10, 2018 Sold
Premium
Sold
Aug 23, 2018 Listed by Berkshire Hathaway HomeServices Robert Paul Properties $284,777
Listed by Berkshire Hathaway HomeServices Robert Paul Properties
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 925
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,619
  • Gross Building Area: 3,041
  • Building Area: 1,619
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,619
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: New Bedford School District
  • Census Tract: 650102

Zoning

  • Zoning: RA

Geography

  • Account Number: 33228
  • Parcel: NEWB M:0134-G L:0114
  • Lot: 114
  • Municipality: NEW BEDFORD
  • Latitude: 41.7201
  • Longitude: -70.9455

    Address

  • Full Address: 85 Heritage Dr
  • Address - House Number: 85
  • Address - Street Name: Heritage
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: New Bedford
  • Carrier Code: C005
  • 4-Digit Zip Code: 2106
  • Zip Code: 02745

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $475,300

    Appraisal Valuation

  • Standard Deviation: 0.0884
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 92
  • Final Value: 465,877
  • High Value: 507,081
  • Low Value: 424,672

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $396,100
  • Assessed Land Value: $115,100
  • Assessed Improvements Value: $281,000

    Sales

  • Current Sale Contract Date: Mar 01, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3582
  • Previous Sale Recording Date: Oct 10, 2018
  • Previous Sale Amount: $282,000
  • 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 New Bedford

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$274

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2237 ft²

Average Home Age

99.2 years

Currently For Sale

186 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: 5 months ago
Data Source: MLS PIN, MLS# 73178920

Frequently Asked Questions

When was property at 85 Heritage Drive built and last sold?
The property at 85 Heritage Drive was built in 1986 and last sold on Mar 1, 2024 for $465,000.
How much is this home worth?
The estimated value of the home located at 85 Heritage Drive is $458,360.
What are some comparable homes to 85 Heritage Drive?
There are currently no comparable homes to 85 Heritage Drive.
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