23 Erick Rd Apt 26 Mansfield, MA 02048

2 beds · 1 bath · 775 sq ft · Lot Size: 182,482 sq ft · Residential Condominium
Est. Property Value: $272,961
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23 Erick Rd Apt 26 is in the 02048 neighborhood of Mansfield, MA. It is located in Bristol County and ZIP code 02048. This Residential Condominium was built in 1978 and is approximately 47 years old. The residential condominium spans 775 sq ft with 2 bedrooms and 1 bathroom and sits on a 182482 sq ft lot. According to public records, it was last sold in 2023 for $225,000 and has a tax-assessed value of $248,140, which is $352 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 23 Erick Rd Apt 26 Mansfield, MA 02048 with Property Intel by Whitepages.

23 Erick Rd Apt 26

Mansfield, MA 02048

Neighborhood

Owners & Occupancy for 23 Erick Rd Apt 26

No contact information is available.

Occupancy

Resident 1**************** age 33
Resident 2**************** age 32

Property Financials for 23 Erick Rd Apt 26

23 Erick Rd Apt 26, Mansfield, MA has no known mortgage. The Bristol county assessment for 2024 values it at $248,140, with annual taxes of $2,186.

Property Tax

Purchase DateMarch 24, 2023
Property Tax Amount$2,186 in 2024
Purchase Price$225,000
Assessed Value$248,140 on 2024

Investment Potential for 23 Erick Rd Apt 26

The property has a current estimated value of $272,961, which is 27% below the zip median, based on public records. It last sold on March 24, 2023 for $225K. Projected long-term
is $44,400 annually ($3,700 per month) with a 96% occupancy rate.

Discover more Residential Condominiums in 02048.

Long-Term

Gross Rental
$44,400 per year($3,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 02048 zip code
 
View Rental Potential

Property Details for 23 Erick Rd Apt 26

Property Details

Property Sq Ft

Living Area

775 sq ft

30% below market

Lot Size

182,482 sq ft

4% below market

Price Per Sq Ft

Living Area

$352 / sq ft

1% below market

Lot Size Area

$1 / sq ft

15% below market

Property condition, age, exterior, etc. for 23 Erick R…
Longitude: -71.176611 Latitude: 42.031388 Parcel Number (APN): MANS-000041-000103-000026B…

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Discover more residential condominiums near 23 Erick Rd Apt 26 in Mansfield, Massachusetts. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 23 Erick Rd Apt 26 in Bristol County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$272,961
$468,013
-$195,052 (-42%)
YoY Price Change
Year Built
1978
1985
-7 years
Living Space
775 sq ft
1,152 sq ft
-377 (-33%)
$ Per Living Sq Ft
$352
$372
-$20 (-5%)
Lot Size
182,482 sq ft
79,983 sq ft
102499 (128%)
$ Per Lot Sq Ft
$1
$5
-$3 (-70%)

Net Operating Income
$30,624
$3,636 (12%)
Annual Revenue
$44,400
$44,400
$0 (0%)
$13,958
-$3,818 (-27%)
Net Operating Income
$30,624
$3,636 (12%)
Cap Rate
6.56%
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians

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