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Southbridge Town 01550
498 Dennison Dr
$260,000
● House - Off Market

498 Dennison Dr

Southbridge, MA 01550
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,232 Ft²
$239,245
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

HIGHEST AND BEST OFFERS DUE BY NOON ON TUESDAY 6/13 Vintage 1950's well-built home with a brand new roof as well as extensive basement cleanup. This home has so much to offer!  Single level living with three season porch, 1 car garage with additional 1/2 bay for a workshop. This home sits on a corner lot and offers a large, level, partially fenced-in yard as well as a sunny garden area and a deck. Use your talents and give this gem some cosmetic updates to reap the rewards!
Unit Size
1,232 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$195
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1957

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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 #73121901)

Price History

Date / Event Date Event Price
Jul 19, 2023 Sold
Premium
Sold
Jun 15, 2023 In contract -
In contract
Jun 7, 2023 Listed by Sullivan & Company Real Estate, Inc. $239,900
Listed by Sullivan & Company Real Estate, Inc.
Apr 17, 1975 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • 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: 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: 1,232
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,853
  • Total Building Area: 1,232
  • Gross Building Area: 3,204
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000456
  • 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: 4628
  • Parcel: SBRI M:0072 B:0032 L:00001
  • Block: 32
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0692
  • Longitude: -72.0566

    Address

  • Full Address: 498 Dennison Dr
  • Address - House Number: 498
  • Address - Street Name: Dennison
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C006
  • 4-Digit Zip Code: 2116
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $340,200

    Appraisal Valuation

  • Standard Deviation: 0.204
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 72
  • Final Value: 304,857
  • High Value: 367,065
  • Low Value: 242,649

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $214,800
  • Assessed Land Value: $36,500
  • Assessed Improvements Value: $178,300

    Sales

  • Current Sale Contract Date: Jul 19, 2023
  • Current Sale Recording Date: Jul 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 57747
  • Previous Sale Recording Date: Apr 17, 1975
  • Previous Sale Amount: $28,900
  • Previous Sale Document Type: 27
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

$211

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2673 ft²

Average Home Age

90.3 years

Currently For Sale

40 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: 4 months ago
Data Source: MLS PIN, MLS# 73121901

Frequently Asked Questions

When was property at 498 Dennison Drive built and last sold?
The property at 498 Dennison Drive was built in 1957 and last sold on Jul 19, 2023 for $260,000.
How much is this home worth?
The estimated value of the home located at 498 Dennison Drive is $245,878.
What are some comparable homes to 498 Dennison Drive?
There are currently no comparable homes to 498 Dennison Drive.
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