For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Worcester 01566
37 Ridge Way & 101 Shore Rd
$390,000
● House - Off Market

37 Ridge Way & 101 Shore Rd

Sturbridge, MA 01566
bedrooms
2 Beds
bathrooms
1 Bath
square feet
953 Ft²
$2,426
Est. Monthly

About This Property

Great opportunity to own this energy efficient home with updates plus an adjacent direct waterfront lot on Cedar Pond! There are cathedral ceilings inside with beautiful new flooring throughout. New mini splits offer energy efficient heating and cooling. New driveway for off street parking. Inside, you'll find a large kitchen for the space, open eating area, and a family room space full of windows. There are two bedrooms plus a loft. Outside, you'll find a deck, shed, and steps down to the waterfront lot for enjoyment. Cedar Pond is fully recreational. Enjoy all that Sturbridge has to offer with great restaurants, top rated schools, and immediate proximity to I-84, the Mass Pike, and Route 20.
Unit Size
953 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$419
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1950

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #73293337)

Price History

Date / Event Date Event Price
Jan 7, 2025 Sold
Premium
Sold
Nov 23, 2024 In contract -
In contract
Oct 24, 2024 Price Decreased $399,000
↓ $16K (3.9%)
Price Decreased
Oct 11, 2024 Price Increased $415,000
↑ $16K (4%)
Price Increased
Sep 21, 2024 Listed by Compass $399,000
Listed by Compass
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 26
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 953
  • Gross Building Area: 1,343
  • Building Area: 953
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 953
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 540-21E33-037
  • District: 287
  • Parcel: STUR M:540 B:002 L:1E33-037
  • Block: 2
  • Lot: 1E33-37
  • Municipality: STURBRIDGE
  • Latitude: 42.1249
  • Longitude: -72.0853

    Address

  • Full Address: 37 Ridge Way
  • Address - House Number: 37
  • Address - Street Name: Ridge
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Sturbridge
  • Carrier Code: R001
  • 4-Digit Zip Code: 1079
  • Zip Code: 01566

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $244,200

    Appraisal Valuation

  • Standard Deviation: 0.1719
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 266,350
  • High Value: 312,160
  • Low Value: 220,541

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $148,100
  • Assessed Land Value: $79,600
  • Assessed Improvements Value: $68,500

    Sales

  • Current Sale Contract Date: Aug 11, 2022
  • Current Sale Recording Date: Aug 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92381
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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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: 4 months ago
Data Source: MLS PIN, MLS# 73293337

Frequently Asked Questions

When was property at 37 Ridge Way built and last sold?
The property at 37 Ridge Way was built in 1950 and last sold on Aug 11, 2022 for $320,000.
How much is this home worth?
The estimated value of the home located at 37 Ridge Way is $390,906.
What are some comparable homes to 37 Ridge Way?
There are currently no comparable homes to 37 Ridge Way.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Sturbridge Homes for Sale
Sturbridge Houses for Sale
Sturbridge Condos for Sale
Sturbridge Multifamily for Sale
Sturbridge Land for Sale
Sturbridge Commercial for Sale
Sturbridge Homes with Basements
Sturbridge Homes with Pools
Nearby Cities
Southbridge Town Homes for Sale
Ware Homes for Sale
Spencer Homes for Sale
Fiskdale Homes for Sale
Holland Homes for Sale
North Brookfield Homes for Sale
Warren Homes for Sale
West Brookfield Homes for Sale
Nearby Property Records
Windham County, CT Property Records
Tolland County, CT Property Records
Worcester County, MA Property Records
Hampden County, MA Property Records
Hampshire County, MA Property Records
Providence County, RI Property Records
Kent County, RI Property Records
Franklin County, MA Property Records
Nearby Counties
Southbridge Town Homes for Sale
Charlton Homes for Sale
Spencer Homes for Sale
Dudley Homes for Sale
Warren Homes for Sale
Paxton Homes for Sale
North Brookfield Homes for Sale
Brimfield Homes for Sale
Top Real Estate Agents
Top Agents in Sturbridge
Top Agents in 01550
Top Agents in Southbridge Town
Top Agents in Southbridge Town
Top Agents in 01507
Top Agents in Charlton
Top Agents in 01562
Top Agents in Spencer