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Southbridge Town 01550
5 Riverview Dr
$246,000
● House - Off Market

5 Riverview Dr

Southbridge, MA 01550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,584 Ft²
$334,164
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Great cul de sac Location! Spacious 3 bedroom split with finished family room, full bath, and kitchenette in lower level! Perfect for extended family-in law suite!  Eat-in kitchen including open dining room/living room combination. Enclosed porch facing woods with staircase leading out to large level backyard. Fantastic yard!! for your outdoor fun! Hardwood floors through out other than kitchen, bath, & lower level. 2 stall garage.Town water/ sewer. Well maintained. Move in condition!
Unit Size
1,584 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$158
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1969

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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 #72699758)

Price History

Date / Event Date Event Price
Oct 7, 2020 Sold
Premium
Sold
Jul 29, 2020 Listed by Aucoin Ryan Realty $249,900
Listed by Aucoin Ryan Realty

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,104
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,000
  • Total Building Area: 1,584
  • Gross Building Area: 2,400
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000367
  • 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: 3894
  • Parcel: SBRI M:0061 B:0015 L:00001
  • Block: 15
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0586
  • Longitude: -72.0024

    Address

  • Full Address: 5 Riverview Dr
  • Address - House Number: 5
  • Address - Street Name: Riverview
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C012
  • 4-Digit Zip Code: 3120
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $401,400

    Appraisal Valuation

  • Standard Deviation: 0.2061
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 350,161
  • High Value: 422,337
  • Low Value: 277,984

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,400
  • Assessed Land Value: $34,700
  • Assessed Improvements Value: $218,700

    Sales

  • Current Sale Contract Date: Oct 07, 2020
  • Current Sale Recording Date: Oct 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 118676
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

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# 72699758

Frequently Asked Questions

When was property at 5 Riverview Drive built and last sold?
The property at 5 Riverview Drive was built in 1969 and last sold on Oct 7, 2020 for $246,000.
How much is this home worth?
The estimated value of the home located at 5 Riverview Drive is $258,393.
What are some comparable homes to 5 Riverview Drive?
There are currently no comparable homes to 5 Riverview Drive.
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