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Sturbridge 01566
2 Summit Rdg
$315,000
● House - Off Market

2 Summit Rdg

Sturbridge, MA 01566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,040 Ft²
$482,398
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

ATTENTION CASH BUYER /INVESTORS/CONTRACTORS LOOKING FOR A  LARGE PROPERTY WITH AN ESTATE LIKE SETTING IN NEED OF RENOVATION , WHAT A GREAT BUY!! BEING SOLD AS IS !! ENJOY THE OUTDOORS AND THE SWIMMING POOL , BEST VALUE, SPECTACULAR FAMILY ROOM WITH CATHEDRAL CEILING AND FIELDSTONE FIREPLACE, THIS PROPERTY IS NOT SUITABLE FOR BUYERS NOT INTERESTED IN RENOVATION, THIS IS NOT A PAINT AND CARPET DEAL BUT RATHER A PROJECT RENOVATION AND BUILD EQUITY IMMEDIATELY , THE SELLER AND AGENTS MAKES NO REPRESENTATION AND NO WARRANTIES EXPRESSED OR IMPLIED.
Unit Size
3,040 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$108
Property Type
House
Property Taxes
$613
HOA Dues
-
Year Built
1975

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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: 4 months ago (MLSPIN #72515531)

Price History

Date / Event Date Event Price
Aug 26, 2019 Sold
Premium
Sold
Jun 9, 2019 Listed by First Realty $329,000
Listed by First Realty
May 21, 2019 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 3
  • Basement Area: 1,644
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 3,106
  • Gross Building Area: 6,856
  • Building Area: 3,106
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,106
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMIT RDG
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Sturbridge School District
  • Census Tract: 758104

Geography

  • Account Number: 620-03023-002
  • District: 287
  • Parcel: STUR M:620 B:000 L:3023-002
  • Lot: 3023-2
  • Municipality: STURBRIDGE
  • Latitude: 42.1054
  • Longitude: -72.0601

    Address

  • Full Address: 2 Summit Rdg
  • Address - House Number: 2
  • Address - Street Name: Summit
  • Address - Suffix Type: Rdg
  • State: MA
  • City Name: Sturbridge
  • Carrier Code: R003
  • 4-Digit Zip Code: 1225
  • Zip Code: 01566

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $982,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1814
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 621,035
  • High Value: 733,737
  • Low Value: 508,333

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $596,000
  • Assessed Land Value: $115,200
  • Assessed Improvements Value: $480,800

    Sales

  • Current Sale Contract Date: Aug 13, 2019
  • Current Sale Recording Date: Aug 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85928
  • Previous Sale Recording Date: May 21, 2019
  • Previous Sale Contract Date: Mar 02, 2019
  • Previous Sale Amount: $262,000
  • 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 Sturbridge

Stats & Trends

Median Asking:

$489,450

Sale Price/ft²

$255

Below Asking

0.03%

Average Days on Market

64

Average Home Size

1776 ft²

Average Home Age

86.3 years

Currently For Sale

9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72515531

Frequently Asked Questions

When was property at 2 Summit Ridge built and last sold?
The property at 2 Summit Ridge was built in 1975 and last sold on Aug 13, 2019 for $315,000.
How much is this home worth?
The estimated value of the home located at 2 Summit Ridge is $363,237.
What are some comparable homes to 2 Summit Ridge?
There are currently no comparable homes to 2 Summit Ridge.
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