24 Norwell St New Bedford, MA 02740

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2 beds · 1 bath · 1,061 sq ft · Lot Size: 10,019 sq ft · Single Family Home · South End
Est. Property Value: $291,845

High Demand Long-Term RentalLarge Lot AdvantageOwned for 5 - 10 YearsOwner Age 65 - 75

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24 Norwell St is in the South End neighborhood of New Bedford, MA. It is located in Bristol County and ZIP code 02740. This Single Family Home was built in 1949 and is approximately 76 years old. The single family home spans 1061 sq ft with 2 bedrooms and 1 bathroom and sits on a 10019 sq ft lot. According to public records, it was last sold in 2019 for $250,000 and has a tax-assessed value of $353,590, which is $275 per sq ft. The South End area of New Bedford has 368 residential homes with an average size of 1040 sq ft. Analyze and compare real estate investment strategies for properties like this home at 24 Norwell St New Bedford, MA 02740 with Property Intel by Whitepages.

Investment Potential for 24 Norwell St

The property has a current estimated value of $291,845, which is 12% below the neighborhood median, based on public records. It last sold on April 26, 2019 for $250K. Projected long-term
is $44,400 annually ($3,700 per month) with a 92% occupancy rate.

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Long-Term

Gross Rental
$44,400 per year($3,700 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
92%in 02740 zip code
 
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Owners & Occupancy for 24 Norwell St

This property is owned by Bernard R Tench. Owner contact information includes 6 phone numbers and 4 email addresses.

Property Owners

Cell Phone(508) ***-****View Cell Phone
Residence***************
Landline(508) 748-5104
Distance from Property**********
Email Address********@gmail.comView Email

Residence***************
Landline
Distance from Property**********
Email Address*******@comcast.netView Email
View All Owner Info

Property Ownership Information

Purchase DateApril 26, 2019
Property Tax Amount$4,121 in 2024
Purchase Price$250,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 64
Resident 2*************** age 73
Resident 3**************** age 70

Property Details for 24 Norwell St

Property Details

Property Sq Ft

Living Area

1,061 sq ft

2% above market

Lot Size

10,019 sq ft

77% above market

Price Per Sq Ft

Living Area

$275 / sq ft

11% below market

Lot Size Area

$29 / sq ft

49% below market

Property condition, age, exterior, etc. for 24 Norwell…
Longitude: -70.932048 Latitude: 41.609098 Parcel Number (APN): NEWB-000017A-000000-000023…
Mortgage originated on through lender: Total Mtg Svcs for$******View Mortgage Details

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Discover more single family homes near 24 Norwell St in New Bedford, 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 24 Norwell St in Bristol County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$291,845
$451,358
-$159,513 (-35%)
$******
$631,393
-$146,291 (-23%)
YoY Price Change
****%
2.1%
-29%
Year Built
1949
1952
-3 years
Living Space
1,061 sq ft
1,176 sq ft
-115 (-10%)
$ Per Living Sq Ft
$275
$374
-$99 (-26%)
Lot Size
10,019 sq ft
11,326 sq ft
-1307 (-12%)
$ Per Lot Sq Ft
$29
$38
-$9 (-23%)

Net Operating Income
$*****
$30,654
$1,536 (5%)
Annual Revenue
$44,400
$44,400
$0 (0%)
$*****
$13,898
-$1,688 (-12%)
Net Operating Income
$*****
$30,654
$1,536 (5%)
Cap Rate
****%
6.81%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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