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Southbridge Town 01550
34 Ridge Road
$340,000
● House - Off Market

34 Ridge Road

Southbridge, MA 01550
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,832 Ft²
$2,094
Est. Monthly

About This Property

Designed for entertaining  this cape offers a large fireplaced living room with space for a dining area.  A  22' kitchen allows for a  holiday  type gathering throughout the entire year. You can sit , relax, or read a book by  a wood stove in the den and enjoy a space to yourself.  The first floor has the main bedroom and a bath and a half. For those who want to play pool or have a game room, the lower level has plenty of additional space.  If you enjoy the outdoors, this property has an above ground pool and  a yard to play some sports. Location! Location ! Location!  Convenient to highways, shopping , and  recreation. Be sure to check this home out  and be pleasantly surprised by its features.'
Unit Size
1,832 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$194
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1965

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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 #73197196)

Price History

Date / Event Date Event Price
Jun 21, 2024 Sold
Premium
Sold
Jan 28, 2024 Listed by RE/MAX Vision $356,000
Listed by RE/MAX Vision

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,500
  • Total Building Area: 1,832
  • Gross Building Area: 3,388
  • Building Area: 1,832
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,832
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • 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: 4562
  • Parcel: SBRI M:0071 B:0054 L:00001
  • Block: 54
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0638
  • Longitude: -72.0584

    Address

  • Full Address: 34 Ridge Rd
  • Address - House Number: 34
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C006
  • 4-Digit Zip Code: 3820
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $414,800

    Appraisal Valuation

  • Standard Deviation: 0.0853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 378,566
  • High Value: 410,877
  • Low Value: 346,254

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $261,900
  • Assessed Land Value: $33,200
  • Assessed Improvements Value: $228,700
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

$208

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# 73197196

Frequently Asked Questions

When was property at 34 Ridge Road built and last sold?
The property at 34 Ridge Road was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 34 Ridge Road is $364,750.
What are some comparable homes to 34 Ridge Road?
There are currently no comparable homes to 34 Ridge Road.
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