1 Taunton Riv

• Unique Lighthouse Structure: Significant historical and architectural value, offering unparalleled views and a unique living experience • Solar Panels: Provides renewable energy, reducing electricity costs and environmental impact • Outdoor Deck Area: Offers a unique outdoor space for relaxation and entertainment with panoramic water views • Original Brick Interior • Unique Architectural Design • Panoramic Water Views • Solar Panels • Price Position: At $1222.22 per sqft, this property is significantly higher than the area average of $322, reflecting its unique waterfront location and historic landmark status. • Appreciation Trend: Homes in 02726 have sold for 6.5% more than they did a year ago, indicating a strong appreciation trend in the area. • Negotiation Opportunity: The property has been on the market for 27 days. While the market is fast-paced, this is slightly above average, suggesting potential for negotiation. • Investment Opportunity: After $28,000 in renovations, potential $47,000 equity gain (167.9% ROI) • Rental Income: $3,750/month with 90% occupancy (0.0% cap rate) • Schools: School ratings have a moderate impact on property values in Somerset. The unique nature of Borden Flats Light means school quality is likely a less significant factor for potential buyers compared to typical residential properties. • Future Development: No specific planned developments are identified that would directly impact Borden Flats Light. The unique nature of the property means it is less susceptible to typical development pressures.