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Southbridge Town 01550
48 Fairmount Ave
$65,000
● House - Off Market

48 Fairmount Ave

Southbridge, MA 01550
bedrooms
1 Bed
bathrooms
1 Bath
square feet
658 Ft²
$50,996
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Multiple Offer Deadline – Dec 16, 2019, 08:02:00 AM Investors take notice at this Deal! This ranch home sits on a nice level lot with a fenced yard and has water views! Priced well below assessed value! If you need a winter project then do not let this one pass you by. Perfect home for someone to bring it back to life to and use as a rental property or even  a camp to get away from the city life. This home sits on a quiet street with the water just behind you.
Unit Size
658 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$53
Property Type
House
Property Taxes
$160
HOA Dues
-
Year Built
1940

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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 #72599650)

Price History

Date / Event Date Event Price
Jan 17, 2020 Sold
Premium
Sold
Dec 10, 2019 Listed by RE/MAX Advantage 1 $35,000
Listed by RE/MAX Advantage 1
Oct 23, 2019 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 7
  • Basement Area: 494
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,561
  • Total Building Area: 658
  • Gross Building Area: 1,368
  • Building Area: 658
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 658
  • Heating Fuel Type: 9

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000197
  • 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: 757100

Zoning

  • Zoning: R1

Geography

  • Account Number: 333
  • Parcel: SBRI M:0015 B:0039 L:00001
  • Block: 39
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0899
  • Longitude: -72.0186

    Address

  • Full Address: 48 Fairmount Ave
  • Address - House Number: 48
  • Address - Street Name: Fairmount
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C009
  • 4-Digit Zip Code: 1314
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $235,100

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 178,601
  • High Value: 213,879
  • Low Value: 143,324

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $148,400
  • Assessed Land Value: $28,300
  • Assessed Improvements Value: $120,100

    Sales

  • Current Sale Contract Date: Jan 16, 2020
  • Current Sale Recording Date: Jan 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5356
  • Previous Sale Recording Date: Oct 23, 2019
  • Previous Sale Contract Date: Oct 17, 2019
  • Previous Sale Amount: $35,000
  • 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:

$399,999

Sale Price/ft²

$209

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2519 ft²

Average Home Age

91.3 years

Currently For Sale

38 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72599650

Frequently Asked Questions

When was property at 48 Fairmount Avenue built and last sold?
The property at 48 Fairmount Avenue was built in 1940 and last sold on Jan 16, 2020 for $65,000.
How much is this home worth?
The estimated value of the home located at 48 Fairmount Avenue is $37,893.
What are some comparable homes to 48 Fairmount Avenue?
There are currently no comparable homes to 48 Fairmount Avenue.
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