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Southbridge Town 01550
87 Highfield Drive - Lot 8
$255,000
● House - Off Market

87 Highfield Drive - Lot 8

Southbridge, MA 01550
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$284,343
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

LOVELY NEW CONSTRUCTION RANCH IN 50+ YEARS & OLDER SUBDIVISION. THIS HOME WILL HAVE AN OPEN FLOOR PLAN WITH KITCHEN, DINING ROOM, & LIVING ROOM~2 BEDROOMS WITH CONNECTING FULL BATHS~WASHER/DRYER HOOK-UP IN SECONDARY BATHROOM~HARDWOODS/CERAMIC TILE THROUGHOUT~RECESSED LIGHTING IN MAIN LIVING AREA~FORCED HOT AIR PROPANE HEATING SYSTEM~CENTRAL AIR~1 CAR GARAGE W/ OPENER~FULL BASEMENT~VINYL SIDING~ARCH SHINGLED ROOF & SO MUCH MORE! DEVELOPMENT HAS UNDER GROUND UTILITIES & SIDEWALKS.
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$196
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

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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 years ago (MLSPIN #72724185)

Price History

Date / Event Date Event Price
Nov 24, 2021 Sold
Premium
Sold
Sep 10, 2020 Listed by Aucoin Ryan Realty $255,000
Listed by Aucoin Ryan Realty

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,284
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,861
  • Total Building Area: 1,284
  • Gross Building Area: 3,248
  • Building Area: 1,284
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,284
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000364
  • 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: R1

Geography

  • Account Number: 100246
  • Parcel: SBRI M:0020 B:0079H L:00001
  • Block: 79H
  • Lot: 1
  • Municipality: SOUTHBRIDGE
  • Latitude: 42.0908
  • Longitude: -72.0411

    Address

  • Full Address: 87 Highfield Dr
  • Address - House Number: 87
  • Address - Street Name: Highfield
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Southbridge
  • Carrier Code: C007
  • 4-Digit Zip Code: 1292
  • Zip Code: 01550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $458,900

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 354,359
  • High Value: 413,539
  • Low Value: 295,179

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $289,700
  • Assessed Land Value: $34,600
  • Assessed Improvements Value: $255,100

    Sales

  • Current Sale Contract Date: Nov 18, 2021
  • Current Sale Recording Date: Nov 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 165434
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

2418 ft²

Average Home Age

91.2 years

Currently For Sale

43 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 years ago
Data Source: MLS PIN, MLS# 72724185

Frequently Asked Questions

When was property at 87 Highfield Drive built and last sold?
The property at 87 Highfield Drive was built in 2022 and last sold on Nov 18, 2021 for $255,000.
How much is this home worth?
The estimated value of the home located at 87 Highfield Drive is $0.
What are some comparable homes to 87 Highfield Drive?
There are currently no comparable homes to 87 Highfield Drive.
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