40 River Street, Norwell, MA 02061

Owner Information
Owner 1
Herring Brook Hill LLC
Owner 2
Owner's Address
79B Chapel St Newton, MA 02458
Market Sale Information
Most recent sale date
10/4/2018
Previous sale date
10/4/2018
Transfer document #
50370-312
Previous transfer document
50370-303
Grantor
Norwell Community Housing Trust
Previous grantor
Town of Norwell
Most recent sale price
$100.00
Previous sale price
$100.00
Site Information
Property ID
58-64
Lot Size
2.6
Use Code
112 - Apartment, 8+ units
Zoning
Building Style
Apt House
Number of Rooms
Stories
4
Number of Beds
Year Built
2019
Number of full baths
18
Condition
Number of half baths
Finished Area
18422
Number of Kitchen
Gross Living Area
21878
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Hardwood, Carpet
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Gas/Propane
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Forced Air-Duc
Frame type
Air Condition (%)
Sidings
Clapb/Wd Shing
Assessment Information
Fiscal Year
2024
Land Value
$298,300.00
Total value
$2,680,700.00
Building value
$2,351,400.00
Estimated tax
$40,987.00
Yard improvement value
$31,000.00
Certified Mass Appraisal
2015201620172018201920202021$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
40 River Street$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000Subject PropertyTotal Assessment ($)Total Assessment
Address 40 River Street
Photo
Plan
Map
Proximity
Last Sold
Price
Net Living Area
Stories
Sale Price/sft $0.01
Style Apt House
Age 2019
Rooms
Bedrooms
Full baths 18
Half baths
Gross Living Area 21878
Heating Fuel Forced Air-Duc
Detached Garage
Lot Size 2.6
Roof Cover Asph/F Gls/Cmp
AEM Value - Building $2,351,400.00
AEM Value - Land $298,300.00
AEM Value - Other $31,000.00
AEM Value - Total $2,680,700.00
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 40 River Street 10/4/2018 $100 0 Apt House 18,422 2.6 18- -
  Criteria

Estimation of Market Value

No comparable properties were found using the default criteria. Please click on the columns in the Comparables table and expand the criteria until at least 3 comparable properties are identified

 

In estimating the current market value, RealtyInSite 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.

 

Comparable sales data are applied to arrive at an estimate of value. By default, comparable properties are those properties located within 1 mile of the subject property that have sold within the last 6 months and have a similar size of living area. The table shown above lists the comparable properties that were considered. Note that which properties are considered comparables can be adjusted by varying the selection criteria or deleting non-representative properties.

Neighboring Properties
Mailing Labels Copy to Clipboard
Subject Property0 River Street0 River Street0 River Street26 Dover Street0 River Street39 Dover Street10 West Street53 River Street16 Forest Street26 Forest Street20 Forest Street24 River Street40 River Street$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000Total Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 40 River Street 10/4/2018 $100 0 Apt House 18,422 2.6 18- -
  Criteria
A 0 River Street 6/7/1961 $0 0.0 Vacant Land 0.31 -
B 0 River Street $0 0.1 Vacant Land 3.6 -
C 16 Forest Street 3/19/1971 $0 0.1 Cape Cod 1,593 2.45 3 1-0
D 0 River Street 12/30/2015 $1 0.1 Vacant Land 2.8 -
E 24 River Street 5/31/1954 $0 0.1 Antique 2,608 2.3 4 2-0
F 39 Dover Street 12/27/1982 $0 0.1 Commercial 1,308 1.22 2 1-
G 20 Forest Street 11/15/2022 $687,000 0.1 Antique 2,137 3.45 3 2-0
H 26 Dover Street 5/31/1996 $185,500 0.1 Outbuildings 0.39 -
I 53 River Street 3/22/2022 $640,000 0.1 Cape Cod 1,102 3.04 2 1-0
J 0 River Street 6/7/1954 $0 0.1 Vacant Land 1.6 -
K 10 West Street $0 0.1 Antique 1,096 0.25 2 1-0
L 26 Forest Street 5/9/2018 $689,000 0.1 Cape Cod 1,817 0.3 3 2-0
Averages 12943 days $183,458 0.09 --- 972 1.81 --- ---  
DISCLAIMER: The information in this report was collected from the concerned Assessors Office and Registry of Deeds.  Compu-Links disclaims any and all representations or warranties as to the accuracy of this information
58-064 40 River Street