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    500 Wilbur Ave Somerset, MA 02725-2051
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    Property profile & analytics

    500 Wilbur Ave, Somerset, MA 02725-2051

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    • Assisted living facilities
    • 68,859 SF
    • 7.07 lot acres
    Off-Market
    Last Sale Apr 22, 2024
    $7,150,000
    Property ID
    US38-2363805
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $7,150,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 500 Wilbur Ave

    Year built
    1980
    Lot size
    7.07 lot acres
    Zone code
    C
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    SOME M:0A7 L:0039
    APU
    SOMEM0A7L0039

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 22, 2024 — Clifton Lessor Com LLC Greene Ml 2 LLC Quit Claim Deed · related $21.3M · Newpoint Real Estate Capital
    Jan 19, 2024 — Green Ml 2 LLC Clifton Assisted Living L Correction Deed · related —
    Oct 21, 2021 $7,150,000 Greene Ml 3 LLC Clifton Assisted Living Quit Claim Arm's Length For Ne States $17.6M · Popular Bank
    Oct 16, 2009 — Clifton Geriatric Center — Deed Of Trust · related $600k · Rockland Trust Co
    Dec 29, 2003 — Clifton Geriatric Center — Deed Of Trust · related $200k · Slades Ferry Trust Co
    Jun 13, 1991 — Clifton Geriatric Ctr — Deed Of Trust · related $800k · Slades Ferry Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $7,150,000
      ML approach
      $7,150,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,697,000
      Market price range: $1.64M - $10.3M
    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $5,815,000
      Current use
      MEDICAL BUILDING
      $9,935,000
      Change: +71% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,325,000
      Change: +43% Conversion: Difficult
      RESTAURANT
      $7,790,000
      Change: +34% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,160,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $5,970,000
      Change: +3% Conversion: Difficult
      OFFICE BUILDING
      $5,945,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,895,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1678
    Latitude
    41.7208
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $182,849
    $567,600
    $6,611,400
    $7,179,000
    -
    $0.00
    $0.00
    $0.00
    More about this property
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