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Worcester 01566
51 Ridge Way
Photo of 51 Ridge Way

36

Map

Photo of 51 Ridge Way
Photo of 51 Ridge Way
$350,000
● House - In Contract

51 Ridge Way

Sturbridge, MA 01566
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,809 Ft²
$2,160
Est. Monthly

About This Property

Check out this fantastic home with sooo much potential!! Located in a cul de sac neighborhood with Cedar Lake views and deeded beach rights, this home is just minutes to the MA Pike and Rt 84. This is a 1809 square foot salt box colonial with 2.5 bathrooms and a partially finished basement. The large sun room is heated and insulated and provides lovely views of the Cedar Lake. The backyard staircase leads to the street below and deeded lake access. The kitchen was recently renovated as well as two of the bathrooms. First floor primary bedroom with en suite. The second floor has 2 bedrooms with a shared jack & Jill bathroom. Town sewer and Well with new pump. This home does need some repairs but the location is unbeatable! This is a great opportunity to create some sweat equity!
Unit Size
1,809 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$193
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1982

Listed By

Noelle Merle
Hometown National Realty Inc.

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Cap Rate Calculator

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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: 2 months ago (MLSPIN #73559298)

Price History

Date / Event Date Event Price
Aug 29, 2026 In contract -
In contract
Aug 26, 2026 Relisted $227,500
Relisted
Aug 17, 2026 In contract -
In contract
Aug 10, 2026 Listed by Hometown National Realty Inc. $350,000
Listed by Hometown National Realty Inc.
Apr 9, 2018 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Off Street, Paved
Garage Spaces: 1
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Sun Room
Appliances: Electric Water Heater, Range, Dishwasher, Refrigerator
Flooring Type: Wood, Tile, Other
Laundry Features: In Basement, Electric Dryer Hookup, Washer Hookup
Rooms: 6
Basement: Full, Partially Finished, Interior Entry, Bulkhead
Exterior Details
Square Footage: 1809
Architectural Style: Saltbox
Year Built Source: Public Records
Year Built: 1982
Waterfront Features: Beach Access, Lake/Pond, Walk to, Beach Ownership(Deeded Rights)
Building Area Total: 1809
Building Area Units: Square Feet
Patio and Porch Features: Deck - Wood
Lot Features: Wooded, Sloped
Lot Size Area: 0.59
Lot Size Units: Acres
Lot Size Acres: 0.59
Lot Size Square Feet: 25700
Water Source: Private
Financial Details
Tax Assessed Value: $339,400
Tax Annual Amount: $5,295
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Electric, Wood, Wood Stove
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,700
  • Total Building Area: 1,809
  • Gross Building Area: 3,656
  • Building Area: 1,809
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,809
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000590
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 540-21E13-051
  • District: 287
  • Parcel: STUR M:540 B:002 L:1E13-051
  • Block: 2
  • Lot: 1E13-51
  • Municipality: STURBRIDGE
  • Latitude: 42.1268
  • Longitude: -72.0849

    Address

  • Full Address: 51 Ridge Way
  • Address - House Number: 51
  • 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: $506,600

    Appraisal Valuation

  • Standard Deviation: 0.212
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 391,516
  • High Value: 474,542
  • Low Value: 308,490

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $307,200
  • Assessed Land Value: $92,200
  • Assessed Improvements Value: $215,000

    Sales

  • Current Sale Recording Date: Apr 09, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32751
  • Previous Sale Recording Date: Aug 07, 2000
  • Previous Sale Amount: $154,900
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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

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Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 73559298

Frequently Asked Questions

When was property at 51 Ridge Way built and last sold?
The property at 51 Ridge Way was built in 1982 and last sold on Jan 1, 1970 for $227,500.
How much is this home worth?
The estimated value of the home located at 51 Ridge Way is $350,151.
What are some comparable homes to 51 Ridge Way?
There are currently no comparable homes to 51 Ridge Way.
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