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Somerset 02725
89 Briggs Avenue
$276,500
● House - Off Market

89 Briggs Avenue

Somerset, MA 02725
bedrooms
3 Beds
bathrooms
2 Baths
square feet
936 Ft²
$515,701
RealtyHop Estimate
78.44%
Since Jul 1, 2005
National-US
Primary Model

About This Property

SOMERSET RANCH IN BEAUTIFUL MOVE-IN CONDITION. 3 BEDROOMS. LOWER LEVEL COMPLETELY FINISHED WITH EXTRA KITCHEN AND BATH. NEW FURNACE & WATER HEATER, WINDOWS, OVERSIZED 1 CAR GARAGE PLUS 2 OUTBUILDINGS-POSSIBLE IN-LAW UNIT.
Unit Size
936 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$309
Property Type
House
Property Taxes
$163
HOA Dues
-
Year Built
1948

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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: 6 months ago (MLSPIN #70156097)

Price History

Date / Event Date Event Price
Dec 9, 2021 Sold
Premium
Sold
Oct 27, 2021 Listed by Frank Smith Real Estate, Inc. $350,000
Listed by Frank Smith Real Estate, Inc.
Jun 30, 2005 Sold
Premium
Sold
Mar 9, 2005 Listed by Frank Smith Real Estate, Inc. $289,000
Listed by Frank Smith Real Estate, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 988
  • Gross Building Area: 1,012
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 988
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644200

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0A5 L:0037
  • Lot: 37
  • Municipality: SOMERSET
  • Latitude: 41.7213
  • Longitude: -71.1784

    Address

  • Full Address: 89 Briggs Ave
  • Address - House Number: 89
  • Address - Street Name: Briggs
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Somerset
  • Carrier Code: C069
  • 4-Digit Zip Code: 1914
  • Zip Code: 02725

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $363,000

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 374,885
  • High Value: 437,519
  • Low Value: 312,252

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $286,300
  • Assessed Land Value: $123,700
  • Assessed Improvements Value: $162,600

    Sales

  • Current Sale Contract Date: Dec 09, 2021
  • Current Sale Recording Date: Dec 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28489
  • Previous Sale Recording Date: Jun 30, 2005
  • Previous Sale Amount: $276,500
  • 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 Somerset

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$329

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1758 ft²

Average Home Age

66.9 years

Currently For Sale

23 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: 6 months ago
Data Source: MLS PIN, MLS# 70156097

Frequently Asked Questions

When was property at 89 Briggs Avenue built and last sold?
The property at 89 Briggs Avenue was built in 1948 and last sold on Dec 9, 2021 for $349,000.
How much is this home worth?
The estimated value of the home located at 89 Briggs Avenue is $356,452.
What are some comparable homes to 89 Briggs Avenue?
There are currently no comparable homes to 89 Briggs Avenue.
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