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Southbridge Town 01550
15 Dennison #2
$40,000
● House - Off Market

15 Dennison #2

Southbridge, MA 01550
bedrooms
Studio
bathrooms
0 Bath
square feet
2,500 Ft²
$271
Est. Monthly

About This Property

Home run deal!  Brand new lot that was recorded in August.  The foundation is ready to go for a new home and the exterior walls are ready to go up!  the home next door is being sold in the high 6's and almost ready for C/O.  The foundation can support a great starter home and the neighborhood values support a viable rehab/ contractor special for a quick flip.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$22
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #73186662)

Price History

Date / Event Date Event Price
Jan 29, 2024 Sold
Premium
Sold
Dec 19, 2023 In contract -
In contract
Dec 11, 2023 Listed by Keller Williams Realty Boston South West $55,000
Listed by Keller Williams Realty Boston South West

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,044
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 52,272
  • Total Building Area: 1,940
  • Gross Building Area: 3,366
  • Building Area: 1,940
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,940
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001200
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Southbridge School District
  • School Tax School District: SOUTHBRIDGE SD
  • Census Tract: 757500

Zoning

  • Zoning: R1

Geography

  • Account Number: 4568
  • Parcel: SBRI M:0071 B:0060 L:00001
  • Block: 60
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0638
  • Longitude: -72.0594

    Address

  • Full Address: 15 Dennison Ln
  • Address - House Number: 15
  • Address - Street Name: Dennison
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C008
  • 4-Digit Zip Code: 2121
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $127,800

    Appraisal Valuation

  • Standard Deviation: 0.0853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 792,616
  • High Value: 860,268
  • Low Value: 724,965

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,700
  • Assessed Land Value: $48,200
  • Assessed Improvements Value: $32,500

    Sales

  • Current Sale Contract Date: Jan 25, 2024
  • Current Sale Recording Date: Jan 30, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7172
  • Previous Sale Recording Date: Jan 30, 2024
  • Previous Sale Contract Date: Jan 12, 2024
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: 34
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southbridge Town

Stats & Trends

Median Asking:

$400,000

Sale Price/ft²

$209

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2489 ft²

Average Home Age

91.6 years

Currently For Sale

42 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73186662

Frequently Asked Questions

When was property at 15 Dennison Lane built and last sold?
The property at 15 Dennison Lane was built in 1900 and last sold on Jan 25, 2024 for $40,000.
How much is this home worth?
The estimated value of the home located at 15 Dennison Lane is $60,689.
What are some comparable homes to 15 Dennison Lane?
There are currently no comparable homes to 15 Dennison Lane.
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