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Norfolk 02019
87 Silver Lake Rd
$225,000
● House - Off Market

87 Silver Lake Rd

Bellingham, MA 02019
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1,160 Ft²
$466,774
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

Waterfront living at its best!  You will fall in love with this beautiful waterfront home with a completely remodeled interior set directly on Silver Lake in Bellingham. Large open  living room with hardwood floors and fireplace. Renovated kitchen with new cabinets, granite tops and stainless steel appliances. Completely renovated bathroom. Nice dining room overlooking rear deck and lake. Second floor features large master with oversized closet. Beautifully landscaped lot. Great Value!!!
Unit Size
1,160 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$207
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
1955

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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 #71520854)

Price History

Date / Event Date Event Price
Sep 30, 2021 Sold
Premium
Sold
Jul 28, 2021 Listed by Century 21 Commonwealth $308,000
Listed by Century 21 Commonwealth
Aug 5, 2013 Sold
Premium
Sold
May 6, 2013 Listed by Century 21 Commonwealth $239,900
Listed by Century 21 Commonwealth
Feb 28, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 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: 5,502
  • Total Building Area: 1,300
  • Gross Building Area: 1,804
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bellingham School District
  • School Tax School District: BELLINGHAM SD
  • Census Tract: 443104

Geography

  • Parcel: BELL M:0068 B:0013 L:0000
  • Block: 13
  • Municipality: BELLINGHAM
  • Latitude: 42.0629
  • Longitude: -71.4667

    Address

  • Full Address: 87 Silver Lake Rd
  • Address - House Number: 87
  • Address - Street Name: Silver Lake
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Bellingham
  • Carrier Code: C005
  • 4-Digit Zip Code: 1837
  • Zip Code: 02019

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $438,000

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 376,265
  • High Value: 442,765
  • Low Value: 309,766

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $340,600
  • Assessed Land Value: $112,700
  • Assessed Improvements Value: $227,900

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Sep 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126177
  • Previous Sale Recording Date: Aug 05, 2013
  • Previous Sale Amount: $225,000
  • 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:

$755,450

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2517 ft²

Average Home Age

60.5 years

Currently For Sale

1431 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# 71520854

Frequently Asked Questions

When was property at 87 Silver Lake Road built and last sold?
The property at 87 Silver Lake Road was built in 1955 and last sold on Sep 30, 2021 for $305,000.
How much is this home worth?
The estimated value of the home located at 87 Silver Lake Road is $323,211.
What are some comparable homes to 87 Silver Lake Road?
There are currently no comparable homes to 87 Silver Lake Road.
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