3 Beds
1 Baths
1,729 Sqft
Note: This property is not currently for sale or rent.
This property contains 0.79 acres of land mainly classified as residential, single family with a Cape style building, built about 1966, having vinyl exterior and asphalt roof cover, 6 total rooms, 3 total bedrooms, 1 total full baths, 0 total half baths.
Beds3
Baths1
Bought1/17/2020
Lot0.79 ac
Area1,729 ft²
Price/ft²$315
Built1966
StyleCape
TypeResidential, single family
Central A/C0%
HeatForced H/W
FuelOil
Central VacFalse
Stories0
FlooringHardwood
RoofGable
ExteriorVinyl
Parcel082-000-044A-000A
Our Real Estimate™ is an estimate of the current market value of a home. To arrive at an estimate, the most recent certified appraisal is marked to market by considering when the most recent certified appraisal was performed and the weighted sale-price(SP)-vs-appraised-value(AV) ratios of all subsequently sold, comparable properties within the same zip code.
The formula for the estimate follows the sales comparison (market) approach which is an approach based on the principles of supply and demand (principle of change) and the principle of substitution. The principle of substitution assumes that a prudent person will pay no more for a property than it would cost to purchase a comparable substitute property. A local real estate expert should be consulted to refine the Real Estimate as s/he will consider factors that are impossible to capture in a computer algorithm.
The certified market value of 109 Russell Mills Road on January 1, 2023 was $544,000. Subsequently, a total of 947 comparable properties have been sold. The weighted SP/AV ratio of those properties is 1.19. Multiplying the most recent certified appraised value of $544,000 by the weighted SP/AV ratio of properties sold subsequent to the most recent certified appraisal yields a Real Estimate of $647,725.
The most recent certified appraisal estimated that the value of the building was 51% of the total value of the entire property and that the land was worth 48%. If we assume the same ratio of the value of the building and land to the total value of the property, the current estimated value of the building is $332,435 and the value of the land is estimated at $313,504.
Similarly, we estimate that the current Owners’ Equivalent Rent (OER) is $2,159 per month. Owners’ equivalent rent (OER) is the amount of rent that would need to be paid to substitute a currently owned house as a rental property. This value is also referred to as rental equivalent. It is a commonly cited measure that provides a gauge for changes in real estate market values.
We have used an algorithm that applies an OER factor of between 4 and 7.5% of the current market value of a property, depending on the value of the property, to arrive at the OER. An OER answers the question, "If someone were to rent your home today, how much would it rent for monthly, unfurnished and without utilities?" A local real estate expert should be consulted to refine the OER.
| Date | Price |
|---|---|
| January 17, 2020 | $395,000 |
| May 03, 2018 | $150,000 |
| September 01, 1992 | $100,000 |
The concerned Registry of Deeds is responsible for recording all real estate transactions and is the source of the following information on sold properties. The table below lists key information about the 10 most recent Arm’s Length Sales in proximity to 109 Russell Mills Road.
In real estate, an arm's length transaction is when the buyer and seller each act in their own self-interest to try to get the best deal they can. In most sales, a seller is trying to make a large profit, while the buyer is trying to pay the least amount of money possible. To resolve this discrepancy, both sides agree to meet in the middle and sell the home for its fair market value. In fact, this is how most real estate transactions play out.
| Date | Price | Distance | Address |
|---|---|---|---|
| 11/14/2024 | $550,000 | 2.7 miles | 148 Billington Street, Plymouth |
| 10/29/2024 | $1,150,000 | 0.4 miles | 7-R Kingfisher Lane, Plymouth |
| 09/13/2024 | $475,000 | 1.1 miles | 50 Jordan Road, Plymouth |
| 08/02/2024 | $85,000 | 1.2 miles | 110 Long Pond Road, Plymouth |
| 06/26/2024 | $1,035,000 | 0.5 miles | 52-R Kingfisher Lane, Plymouth |
| 02/15/2024 | $2,100,000 | 1.5 miles | 10 Shops At 5 Way, Plymouth |
| 11/30/2023 | $1,308,000 | 2.0 miles | 42 Orchard Hill Drive, Plymouth |
| 11/15/2023 | $375,000 | 1.0 miles | 178 Long Pond Road, Plymouth |
| 10/27/2023 | $435,000 | 1.0 miles | 12 Tall Pines Road, Plymouth |
| 09/26/2023 | $550,000 | 1.0 miles | 27 Tall Pines Road, Plymouth |
The average commute time to work in the U.S. is 25.4 minutes, according to the Census Bureau. Over 10 million Americans travel more than an hour each way to work.
As the minutes add up, so do travel costs and indirectly the value of a home. According to research by Lifehacker, each mile you live from work adds $795 per year to your commuting costs. So, for example, a 30-minute commute saves the homeowner a whopping $23,850 annually comparted to a 1-hour commute.
Click on the thumbnails below to map a route to the closest highway exit, park ‘n ride or airport. The green marker is placed on and the red marker is placed on the destination.
A growing number of studies have determined transport accessibility levels to healthcare using geographical information system (GIS) techniques, by mapping car and public transport travel times and distances to healthcare facilities. Proximity to health care services has a significant impact on the value of a home.
Click on the thumbnails below to map a route to the closest hospital, long-term care facility or community health center. The green marker is placed on and the red marker is placed on the destination.
The location of the nearest fire and police stations affects the perceived value of a home. Nearby public safety services add a valuable sense of neighborhood security. Also, a firehouse nearby might well mean lower homeowners insurance premiums.
Click on the thumbnails below to map a route to the closest police and fire stations. The green marker is placed on and the red marker is placed on the destination.
Open space provides recreational areas for residents and helps to enhance the beauty and environmental quality of neighborhoods. There have been a number of studies on the impact of open space preservation on the value of residential property. Most studies have found that preserving open space land generally, but not always, increases the property value of nearby homes. The studies use a variety of methods to determine this, and consider such variables as the type, location, and use of the open space, and the residential property in question.
Click on the thumbnails below to map a route to potential and certified vernal pools and to natural communities. The green marker is placed on and the red marker is placed on the destination.
Outdoor recreation is a powerful economic engine, generating more than $887 billion in consumer spending in the United States. It also benefits public health, quality of life, property values, and the local tax base, generating $59.2 billion in local and state tax revenue.
Click on the thumbnails below to map a route to outdoor recreational resources. The green marker is placed on and the red marker is placed on the destination.
Hazardous waste can have serious ramifications on the value of the subject property, not to mention the values of surrounding properties and neighborhoods.
Click on the thumbnails below to map a route to the closest hazardous waste site and underground storage tank. The green marker is placed on and the red marker is placed on the destination.
Ashfield Middle School in Brockton, Massachusetts (MA) serves 456 students in grades 6-8. Find data, reviews and news about this school.
Brookfield Elementary SchoolBrookfield Elementary School in Brockton, Massachusetts (MA) serves 693 students in grades KG-5. Find data, reviews and news about this school.
Cold Spring Elementary SchoolCold Spring Elementary School in Plymouth, Massachusetts (MA) serves 244 students in grades KG-5. Find data, reviews and news about this school.
Downey Elementary SchoolDowney Elementary School in Brockton, Massachusetts (MA) serves 682 students in grades KG-5. Find data, reviews and news about this school.
East Middle SchoolEast Middle School in Brockton, Massachusetts (MA) serves 425 students in grades 6-8. Find data, reviews and news about this school.
Edgar B Davis Elementary SchoolEdgar B Davis Elementary School in Brockton, Massachusetts (MA) serves 1,081 students in grades KG-8. Find data, reviews and news about this school.
Federal Furnace SchoolFederal Furnace School in Plymouth, Massachusetts (MA) serves 418 students in grades KG-5. Find data, reviews and news about this school.
Gilmore School Early Childhood CenterGilmore School Early Childhood Center in Brockton, Massachusetts (MA) serves 329 students in grades PK-KG. Find data, reviews and news about this school.
Hedge Elementary SchoolHedge Elementary School in Plymouth, Massachusetts (MA) serves 223 students in grades KG-5. Find data, reviews and news about this school.
Indian Brook Elementary SchoolIndian Brook Elementary School in Plymouth, Massachusetts (MA) serves 610 students in grades KG-5. Find data, reviews and news about this school.
Manomet Elementary SchoolManomet Elementary School in Plymouth, Massachusetts (MA) serves 323 students in grades KG-5. Find data, reviews and news about this school.
Mary E. Baker SchoolMary E. Baker School in Brockton, Massachusetts (MA) serves 719 students in grades KG-5. Find data, reviews and news about this school.
Mount Pleasant Elementary SchoolMount Pleasant Elementary School in Plymouth, Massachusetts (MA) serves 78 students in grades PK. Find data, reviews and news about this school.
Nathaniel Morton Elementary SchoolNathaniel Morton Elementary School in Plymouth, Massachusetts (MA) serves 610 students in grades KG-5. Find data, reviews and news about this school.
Plymouth Commun IntermediatePlymouth Commun Intermediate in Plymouth, Massachusetts (MA) serves 986 students in grades 6-8. Find data, reviews and news about this school.
Plymouth North High SchoolPlymouth North High School in Plymouth, Massachusetts (MA) serves 1,285 students in grades 9-12. Find data, reviews and news about this school.
Plymouth South High SchoolPlymouth South High School in Plymouth, Massachusetts (MA) serves 1,073 students in grades 9-12. Find data, reviews and news about this school.
Plymouth South Middle SchoolPlymouth South Middle School in Plymouth, Massachusetts (MA) serves 846 students in grades 5-8. Find data, reviews and news about this school.
Rising Tide Charter Public SchoolRising Tide Charter Public School in Plymouth, Massachusetts (MA) serves 601 students in grades 5-12. Find data, reviews and news about this school.
South Elementary SchoolSouth Elementary School in Plymouth, Massachusetts (MA) serves 643 students in grades PK-4. Find data, reviews and news about this school.
West Elementary SchoolWest Elementary School in Plymouth, Massachusetts (MA) serves 364 students in grades KG-5. Find data, reviews and news about this school.
The late Lord Harold Samuel, a real estate tycoon in Britain, coined the expression: ‘There are three things that matter in property: location, location, location’ and it is as true today as it was 100 years ago. In an effort to help you better understand the surroundings of we make use of the concerned Blocks and Block Groups, as defined by the U.S. Census Bureau, to group nearby properties and then analyze and summarize their characteristics.
The Block that is a part of is comprised of 0 properties of which 0 (0%) are residential properties.
The property with the longest running occupancy, by the current owner, is which has been owned by the same owner for years.
Conversely, the most recently purchased property in the neighborhood was . It was purchased on 01/01/0001 for $0 and has an estimated market value of $0.
The typical property in this neighborhood has a value of $700,312. The typical property in this neighborhood has 2,396 ft² of net living area and a land size of 2.35 ac.
Block Map
| Min | Max | Avg | Subject Property | |
|---|---|---|---|---|
| Building | $203,800 | $792,800 | $411,576 | $279,200 |
| Land | $214,700 | $574,400 | $279,336 | $263,300 |
| Total1 | $434,800 | $1,152,500 | $700,312 | $544,000 |
| Living Area2 | 1,237 ft² | 4,028 ft² | 2,396 ft² | 1,729 ft² |
| Lot Size | 0.19 ac | 18.30 ac | 2.35 ac | 0.79 ac |
| Years Since Built | 3 | 245 | 52 | 58 |
| Years of Ownership | 3 | 25 | 10 | 5 |
2 Net Living Area (NLA) in square feet
Property Types
| Property Type | Count |
|---|---|
| Residential | 30 |
| Forest Land | 3 |
| Tax Exempt | 2 |
Property Sub-Types
| Total Value | ||||
|---|---|---|---|---|
| Count | Property Sub-Type | Min | Max | Avg |
| 25 | Residential, single family | $293,100 | $779,000 | $427,872 |
| 3 | Land, developable | $134,000 | $144,900 | $137,866 |
| 2 | Land, undevelopable | $7,800 | $63,000 | $35,400 |
| 1 | Improved, Selectmen or City Council | $15,737,400 | $15,737,400 | $15,737,400 |
| 1 | Vacant, Tax Title/ Treasurer | $139,000 | $139,000 | $139,000 |
Block Group Map
Turn Over
Real estate turnover is the frequency as which homes in a given neighborhood sell and is an important characteristic of the “churn” within a neighborhood. Turnover rates vary from location to location. According to the National Association of Home Builders, the average homeowner plans to move every 13 years, with younger first-time homebuyers relocating slightly more frequently.
The Block Group that is a part of is comprised of 0 properties of which 0 (0%) are residential properties. Over the last 10 years, the annual rate of turnover has been as follows:
| Year | Turnover (%) |
|---|---|
| 2024 | 2% |
| 2023 | 3% |
| 2022 | 6% |
| 2021 | 8% |
| 2020 | 9% |
| 2019 | 8% |
| 2018 | 6% |
| 2017 | 6% |
| 2016 | 7% |
| 2015 | 4% |
The typical property in this neighborhood has a value of $630,292. The typical property in this neighborhood as 2,266 ft² of net living area and a land size of 1.66 ac.
Similar Properties (205)
| Min | Max | Avg | Subject Property | Difference | |
|---|---|---|---|---|---|
| Building | $37,600 | $960,800 | $370,353 | $279,200 | -25 % |
| Land | $95,900 | $574,400 | $254,187 | $263,300 | 4 % |
| Total1 | $207,200 | $1,284,600 | $630,292 | $544,000 | -14 % |
| Living Area2 | 660 ft² | 5,515 ft² | 2,266 ft² | 1,729 ft² | -24 % |
| Lot Size | 0.18 ac | 18.30 ac | 1.66 ac | 0.79 ac | -53 % |
| Years Since Built | 2 | 245 | 49 | 58 | 9 |
| Years of Ownership | 0 | 125 | 24 | 5 | -19 |
2 Net Living Area in square feet
Property Types
| Property Type | Count |
|---|---|
| Residential | 255 |
| Commercial | 66 |
| Industrial | 58 |
| Tax Exempt | 50 |
| Multiple Use | 10 |
| Forest Land | 6 |
| Agricultural/Horticultural | 1 |
Property Sub-Types
| Total Value | ||||
|---|---|---|---|---|
| Count | Property Sub-Type | Min | Max | Avg |
| 202 | Residential, single family | $117,400 | $863,900 | $383,045 |
| 22 | Land, undevelopable | $7,800 | $182,300 | $36,954 |
| 22 | Commercial Property | $141,000 | $841,000 | $357,600 |
| 20 | Warehouses for storage of manufactured products | $435,800 | $2,960,400 | $1,251,180 |
| 15 | Land, developable | $30,700 | $565,700 | $172,553 |
| 14 | Developable Land | $310,800 | $831,500 | $428,181 |
| 12 | Land, potentially developable | $42,400 | $238,300 | $111,700 |
| 11 | Vacant, Selectmen or City Council | $24,900 | $6,703,200 | $915,718 |
| 11 | Division of Fisheries and Wildlife, Environmental Law Enforcement | $10,500 | $177,300 | $98,190 |
| 8 | Improved, Selectmen or City Council | $339,800 | $15,737,400 | $3,373,612 |
| 8 | Industrial Property | $80,900 | $231,600 | $141,245 |
| 7 | Commercial Property | $141,000 | $841,000 | $357,600 |
| 5 | Other Storage, Warehouse and Distribution facilities | $687,400 | $3,980,000 | $1,559,420 |
| 5 | Vacant, Conservation | $12,000 | $452,600 | $138,320 |
| 5 | Shopping Centers/Malls | $2,179,600 | $9,391,600 | $4,890,660 |
| 5 | Small Retail and Services stores (under 10,000 sq. ft.) | $678,500 | $12,723,900 | $7,208,240 |
| 5 | General Office Buildings | $621,500 | $3,235,200 | $1,766,980 |
| 4 | Judiciary | $83,400 | $74,412,304 | $19,180,701 |
| 4 | Undevelopable Land | $12,000 | $196,000 | $65,616 |
| 3 | Multiple Houses on one parcel | $323,900 | $460,900 | $413,166 |
| 3 | Vacant, Tax Title/ Treasurer | $1,100 | $139,000 | $53,233 |
| 3 | Eating and Drinking Establishments | $986,400 | $1,375,600 | $1,211,366 |
| 3 | Auto Repair Facilities | $798,200 | $1,211,000 | $977,700 |
| 3 | Office Building - part of manufacturing operation | $76,700 | $1,335,800 | $497,000 |
| 3 | Industrial Property | $80,900 | $231,600 | $141,245 |
| 2 | Developable Land | $310,800 | $831,500 | $428,181 |
| 2 | Undevelopable Land | $12,000 | $196,000 | $65,616 |
| 2 | Buildings for manufacturing operations | $563,900 | $726,000 | $644,950 |
| 2 | Division of Fisheries and Wildlife, DFW Environmental Law Enforcement, Department of Environmental Protection | $24,700 | $201,600 | $113,150 |
| 1 | Hospitals | $165,200 | $165,200 | $165,200 |
| 1 | Function Halls, Community Centers, Fraternal Organizations | $1,150,900 | $1,150,900 | $1,150,900 |
| 1 | Improved, Education | $11,866,800 | $11,866,800 | $11,866,800 |
| 1 | Department of Conservation and Recreation, Division of Urban Parks and Recreation | $1,410,500 | $1,410,500 | $1,410,500 |
| 1 | United States Government | $1,281,800 | $1,281,800 | $1,281,800 |
| 1 | (Intentionally left blank) | $260,000 | $260,000 | $260,000 |
| 1 | Necessary Related Land | $434 | $434 | $434 |
| 1 | Electric Generation Plants | $142,100 | $142,100 | $142,100 |
| 1 | Potentially Developable Land | $83,400 | $894,600 | $489,000 |
| 1 | Tanks | $1,844,700 | $1,844,700 | $1,844,700 |
| 1 | Natural or Manufactured Gas Storage | $593,200 | $593,200 | $593,200 |
| 1 | Potentially developable Land | $83,400 | $894,600 | $489,000 |
| 1 | Gasoline Service Stations | $2,230,400 | $2,230,400 | $2,230,400 |
| 1 | Automotive Vehicles Sales and Service | $4,967,700 | $4,967,700 | $4,967,700 |
| 1 | Discount and Department Stores | $10,662,100 | $10,662,100 | $10,662,100 |
| 1 | Commercial Property | $141,000 | $841,000 | $357,600 |
| 1 | Bottled Gas and Propane Gas Tanks | $1,979,200 | $1,979,200 | $1,979,200 |
| 1 | Hotels | $10,093,200 | $10,093,200 | $10,093,200 |
| 1 | Accessory Land with Improvement | $191,100 | $191,100 | $191,100 |