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Norfolk
98 Summer
$150,000
● Land - Off Market

98 Summer

Medway, MA 02053
bedrooms
Studio
bathrooms
0 Bath
$266,228
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

One acre heavily wooded lot that provides the buyer with an opportunity to build a custom home with the option of private well and septic or private well and sewer.  Walk to Medway High School.  Stables near by.  Easy access to I - 495.  Medway is a Massachusetts Green Community.
Unit Size
-
Days on Market
-
Land Size
1.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$194
HOA Dues
-
Year Built
2015

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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 #71624345)

Price History

Date / Event Date Event Price
Jan 29, 2016 Sold
Premium
Sold
Aug 5, 2015 Sold
Premium
Sold
Jan 19, 2014 Listed by Patriot Real Estate, Inc. $150,000
Listed by Patriot Real Estate, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,344
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,039
  • Total Building Area: 2,618
  • Gross Building Area: 4,848
  • Building Area: 2,618
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,618
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001011
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medway School District
  • School Tax School District: MEDWAY SD
  • Census Tract: 408102

Zoning

  • Zoning: AR-I

Geography

  • Account Number: 5-329-2A
  • Parcel: MEDW M:28 B:016-0001
  • Block: 16-0001
  • Municipality: MEDWAY
  • Latitude: 42.1582
  • Longitude: -71.443

    Address

  • Full Address: 98 Summer St
  • Address - House Number: 98
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Medway
  • Carrier Code: R004
  • 4-Digit Zip Code: 2129
  • Zip Code: 02053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,143,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 913,816
  • High Value: 1,074,779
  • Low Value: 752,853

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $717,200
  • Assessed Land Value: $244,000
  • Assessed Improvements Value: $473,200

    Sales

  • Current Sale Recording Date: Jan 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9398
  • Previous Sale Recording Date: Aug 05, 2015
  • Previous Sale Amount: $150,000
  • 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:

$750,000

Sale Price/ft²

$432

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2535 ft²

Average Home Age

60.9 years

Currently For Sale

1370 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# 71624345

Frequently Asked Questions

When was property at 98 Summer Street built and last sold?
The property at 98 Summer Street was built in 2015 and last sold on Jan 1, 1970 for $590,000.
How much is this home worth?
The estimated value of the home located at 98 Summer Street is $151,500.
What are some comparable homes to 98 Summer Street?
There are currently no comparable homes to 98 Summer Street.
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