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Southbridge Town 01550
65 Locust Ave
$161,000
● House - Off Market

65 Locust Ave

Southbridge, MA 01550
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,428 Ft²
$304,312
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

Great flat lot on a side street with well done updates!  This cape has 2 bedrooms on the first floor, 2 on the second, spacious eat in kitchen, and a living room with wood stove!  Hardwood flooring and tile throughout most of the house, with a ton of potential. Updates include boiler '95, vinyl siding and windows '98, both look like they are new!! Extra land could be available on the rear of the home. Well maintained!
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$119
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1968

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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 #71786192)

Price History

Date / Event Date Event Price
May 29, 2015 Sold
Premium
Sold
Jan 20, 2015 Listed by RE/MAX Bell Park Realty $169,900
Listed by RE/MAX Bell Park Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Total Building Area: 1,428
  • Gross Building Area: 2,544
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000258
  • 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: 4372
  • Parcel: SBRI M:0068 B:0051 L:00001
  • Block: 51
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0728
  • Longitude: -72.0525

    Address

  • Full Address: 65 Locust Ave
  • Address - House Number: 65
  • Address - Street Name: Locust
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C001
  • 4-Digit Zip Code: 2236
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $361,800

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 309,828
  • High Value: 371,025
  • Low Value: 248,631

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $228,400
  • Assessed Land Value: $32,600
  • Assessed Improvements Value: $195,800

    Sales

  • Current Sale Recording Date: May 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 48743
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# 71786192

Frequently Asked Questions

When was property at 65 Locust Avenue built and last sold?
The property at 65 Locust Avenue was built in 1968 and last sold on Jan 1, 1970 for $161,000.
How much is this home worth?
The estimated value of the home located at 65 Locust Avenue is $176,817.
What are some comparable homes to 65 Locust Avenue?
There are currently no comparable homes to 65 Locust Avenue.
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