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Southbridge Town 01550
38 Bruce Ln
$169,900
● House - Off Market

38 Bruce Ln

Southbridge, MA 01550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,439 Ft²
$320,518
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

LOCATION LOCATION LOCATION!!!  This beautiful 3 bedroom 2 bathroom ranch offers a dining room, large living room with fire place, beautiful cabinets in the kitchen, 3 season porch to relax after a hard days work and central air conditioning.  There is a large 2 stall garage with extra storage space and a shed.  The lower level has a living room with a fire place, a 2nd kitchen and a 3/4 bathroom.  The property is beautifully landscaped.
Unit Size
1,439 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$118
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1976

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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 #71512930)

Price History

Date / Event Date Event Price
Apr 14, 2021 Sold
Premium
Sold
Jan 4, 2021 Listed by Aucoin Ryan Realty $319,900
Listed by Aucoin Ryan Realty
Apr 11, 2014 Sold
Premium
Sold
Apr 22, 2013 Listed by Aucoin Ryan Realty $169,900
Listed by Aucoin Ryan Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,439
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,760
  • Total Building Area: 1,451
  • Gross Building Area: 3,080
  • Building Area: 1,451
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,451
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • 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: 757400

Zoning

  • Zoning: R1

Geography

  • Account Number: 3354
  • Parcel: SBRI M:0053 B:0095 L:00001
  • Block: 95
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.07
  • Longitude: -72.0456

    Address

  • Full Address: 38 Bruce Ln
  • Address - House Number: 38
  • Address - Street Name: Bruce
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C001
  • 4-Digit Zip Code: 2304
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $515,400

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 386,869
  • High Value: 463,470
  • Low Value: 310,267

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $325,400
  • Assessed Land Value: $32,800
  • Assessed Improvements Value: $292,600

    Sales

  • Current Sale Contract Date: Apr 14, 2021
  • Current Sale Recording Date: Apr 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51521
  • Previous Sale Recording Date: Apr 11, 2014
  • Previous Sale Amount: $169,900
  • Previous Sale Document Type: O
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71512930

Frequently Asked Questions

When was property at 38 Bruce Lane built and last sold?
The property at 38 Bruce Lane was built in 1976 and last sold on Apr 14, 2021 for $300,000.
How much is this home worth?
The estimated value of the home located at 38 Bruce Lane is $318,726.
What are some comparable homes to 38 Bruce Lane?
There are currently no comparable homes to 38 Bruce Lane.
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