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Southbridge Town 01550
60 Locust Ave
$375,000
● House - Off Market

60 Locust Ave

Southbridge, MA 01550
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,172 Ft²
$299,043
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Raised split-level 3-4 bedroom ranch with formal living room, dining room, 1.5 baths, washer and dryer. Fully finished lower level with family room (fireplace) and 3rd bedroom.Large two-room workshop attached to huge, lofted two-bay garage makes a great space for hobbyists or summer entertainment. Conveniently located close to Westville Lake and Recreational Area, hospitals, and shopping. Great commuter location near routes 131, 90, 84, 295, Worcester and Boston. Updates include newer siding, insulated windows, blown-in insulation, brand new efficiency mini-splits (4), and water tank. Offers to be reviewed Monday, March 21 at 5:00pm.
Unit Size
2,172 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$136
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1971

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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: 6 months ago (MLSPIN #72953178)

Price History

Date / Event Date Event Price
Apr 15, 2022 Sold
Premium
Sold
Mar 15, 2022 Listed by The D'Ambrosio Group $295,000
Listed by The D'Ambrosio Group
Jun 4, 2012 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,018
  • Total Building Area: 1,080
  • Gross Building Area: 2,172
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • 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: 757400

Zoning

  • Zoning: R2

Geography

  • Account Number: 4359
  • Parcel: SBRI M:0068 B:0040 L:00001
  • Block: 40
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0731
  • Longitude: -72.0531

    Address

  • Full Address: 60 Locust Ave
  • Address - House Number: 60
  • Address - Street Name: Locust
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C001
  • 4-Digit Zip Code: 2235
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $484,100

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 407,219
  • High Value: 479,031
  • Low Value: 335,408

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $305,600
  • Assessed Land Value: $32,500
  • Assessed Improvements Value: $273,100

    Sales

  • Current Sale Contract Date: Apr 15, 2022
  • Current Sale Recording Date: Apr 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41908
  • Previous Sale Recording Date: Jun 04, 2012
  • Previous Sale Amount: $179,066
  • 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

$211

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2331 ft²

Average Home Age

86.4 years

Currently For Sale

42 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: 6 months ago
Data Source: MLS PIN, MLS# 72953178

Frequently Asked Questions

When was property at 60 Locust Avenue built and last sold?
The property at 60 Locust Avenue was built in 1971 and last sold on Apr 15, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 60 Locust Avenue is $311,360.
What are some comparable homes to 60 Locust Avenue?
There are currently no comparable homes to 60 Locust Avenue.
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