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Southbridge Town 01550
248 Torrey Rd
$139,000
● House - Off Market

248 Torrey Rd

Southbridge, MA 01550
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,166 Ft²
$205,653
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

This property is eligible under the Freddie Mac First Look Initiative through 4/28/2019.Acceptedoffers and Inspections are subject to ratified contracts All Contracts must be returnedwithin 48 Hrs with no changes. Proof of funds from last 15 days to accy offer. 1980s Raised ranch on a very nice private lot near Charlton town line/Dresser Hill. Nice open Kitchen/dining room space. 3 bedrooms plus office in lower level as well as extra 1/2 bath. Property is extremely dated and worn. Needs complete interior rehab. May go conventional, but wont qualify for FHA/VA/USDA financing due to condition. Passing Title V, seller installed new roof March 2019.
Unit Size
1,166 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$120
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72479107)

Price History

Date / Event Date Event Price
Jun 21, 2019 Sold
Premium
Sold
Apr 9, 2019 Listed by RE/MAX Advantage 1 $139,900
Listed by RE/MAX Advantage 1
Sep 24, 2018 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 968
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,820
  • Total Building Area: 1,166
  • Gross Building Area: 2,130
  • Building Area: 1,166
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,166
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000685
  • 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: 821
  • Parcel: SBRI M:0024 B:0001A L:00001
  • Block: 1A
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0862
  • Longitude: -72.0026

    Address

  • Full Address: 248 Torrey Rd
  • Address - House Number: 248
  • Address - Street Name: Torrey
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Southbridge
  • Carrier Code: R003
  • 4-Digit Zip Code: 2018
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $386,500

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 284,772
  • High Value: 341,020
  • Low Value: 228,524

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $244,000
  • Assessed Land Value: $41,000
  • Assessed Improvements Value: $203,000

    Sales

  • Current Sale Contract Date: Jun 20, 2019
  • Current Sale Recording Date: Jun 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 58413
  • Previous Sale Recording Date: Sep 24, 2018
  • Previous Sale Amount: $135,000
  • 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

60

Average Home Size

2671 ft²

Average Home Age

93.4 years

Currently For Sale

41 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# 72479107

Frequently Asked Questions

When was property at 248 Torrey Road built and last sold?
The property at 248 Torrey Road was built in 1988 and last sold on Jun 20, 2019 for $139,000.
How much is this home worth?
The estimated value of the home located at 248 Torrey Road is $148,991.
What are some comparable homes to 248 Torrey Road?
There are currently no comparable homes to 248 Torrey Road.
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