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Southbridge Town 01550
516 Worcester St
$118,600
● House - Off Market

516 Worcester St

Southbridge, MA 01550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,328 Ft²
$217,394
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

This home is the ideal family home as well as a first time home buyer's home. It features re-finished hardwood floors throughout except the kitchen which is vinyl covering the hardwood underneath. It was built in 1930 so it has all natural woodwork throughout the house. This is a great commuter house because it sits close to the highway making the highway assessable in unfavorable conditions. Also it  has a beautiful back yard for those family holiday gatherings. A one ( 1 ) stall garage sits in the back of the house.
Unit Size
1,328 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$94
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #71870891)

Price History

Date / Event Date Event Price
Mar 10, 2016 Sold
Premium
Sold
Jul 9, 2015 Listed by Aucoin Ryan Realty $124,900
Listed by Aucoin Ryan Realty
Feb 22, 1989 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 15
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 1,328
  • Gross Building Area: 3,068
  • Building Area: 1,328
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,328
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000330
  • 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: OR

Geography

  • Account Number: 190
  • Parcel: SBRI M:0009 B:0030 L:00001
  • Block: 30
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0915
  • Longitude: -72.0221

    Address

  • Full Address: 516 Worcester St
  • Address - House Number: 516
  • Address - Street Name: Worcester
  • Address - Suffix Type: St
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C002
  • 4-Digit Zip Code: 1330
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $343,300

    Appraisal Valuation

  • Standard Deviation: 0.2061
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 288,495
  • High Value: 347,961
  • Low Value: 229,029

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $216,700
  • Assessed Land Value: $30,500
  • Assessed Improvements Value: $186,200

    Sales

  • Current Sale Recording Date: Mar 10, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24157
  • Previous Sale Recording Date: Feb 22, 1989
  • Previous Sale Amount: $105,000
  • 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:

$400,000

Sale Price/ft²

$208

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2291 ft²

Average Home Age

87 years

Currently For Sale

39 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: 5 months ago
Data Source: MLS PIN, MLS# 71870891

Frequently Asked Questions

When was property at 516 Worcester Street built and last sold?
The property at 516 Worcester Street was built in 1930 and last sold on Jan 1, 1970 for $118,600.
How much is this home worth?
The estimated value of the home located at 516 Worcester Street is $135,431.
What are some comparable homes to 516 Worcester Street?
There are currently no comparable homes to 516 Worcester Street.
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