27 Bow St Plainville, MA 02762-1001
Location. The SHD is an overlay zoning district that shall be superimposed on the Single-Family Residential Districts RA and RB, and the General Residential Districts RC and RD of the Town of Plainville. (3) Development under the SHD Bylaw may only be authorized by a special permit granted by the Planning Board. (4) No building in the SHD shall be more than…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
RA · Plainville, MALocation. The SHD is an overlay zoning district that shall be superimposed on the Single-Family Residential Districts RA and RB, and the General Residential Districts RC and RD of the Town of Plainville. (3) Development under the SHD Bylaw may only be authorized by a special permit granted by the Planning Board. (4) No building in the SHD shall be more than two stories in height. "Basement" or "Cellar" shall not be considered a story per this requirement. (5) All dwelling units shall be detached from others or attached only along sidewalls in the so-called "townhouse" style. (6) No unit in the development shall have more than two bedrooms. (7) No dwelling shall contain less than 1,000 square feet of living area or more than 2,400 square feet of living area. At least 66% of the living area in each unit shall be located on the first floor. (8) The lot or lots on which a retirement community is located shall contain at least 5,000 square feet of upland area per unit in the SHD. "Upland area" shall be as defined in § 500-16A(2) . (9) Maximum density ratio: The maximum density ratio in the SHD shall be no greater than four residential units per acre of usable land. (10) Occupancy qualifications. All SHD dwelling units shall be subject to an age restriction described in a deed, deed rider, restrictive covenant, or other document approved by the Planning Board that shall be recorded at the Registry of Deeds or Land Court. Such restriction shall be in accordance with the Federal Fair Housing Act, 42 USC Section 3607(b) , as amended, the regulations promulgated thereunder at 24 CFR 100 , 300 et seq., Subpart E - Housing for Older Persons, as amended, and the Massachusetts Fair Housing Law, M.G.L. c.151B, Section 4 , but shall require that one hundred percent (100%) of all SHD dwelling Units shall be occupied by at least one individual who is fifty-five (55) years of age or older. The special permit including the age restriction shall run with the land in perpetuity and shall be enforceable by any owner(s) of SHD dwelling units. In the event of the death of the qualifying owner or occupant(s) of a dwelling unit, or foreclosure or other involuntary transfer of a unit within the SHD, a one-year exemption to the restriction shall be allowed for the transfer of the unit to another eligible occupant. C. Density incentives. (1) Basic senior village bonus. A senior village's base density is defined as four housing units per gross site acre except where noted above.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.