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Sturbridge 01566
92 Wallace Road
$487,000
● House - Off Market

92 Wallace Road

Sturbridge, MA 01566
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,096 Ft²
$526,595
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Situated among the trees on a picturesque country road you will find this beautiful young 2016 colonial. This home features a modern and open floor plan which provides great flow for entertaining. The main floor features a spacious country kitchen with a peninsula and gas cooking that is open to the great room, a large dining area fantastic for hosting all of your events, first floor laundry and a flex space that can be used as a home office/playroom etc. The second floor offers a grand primary bedroom with two expansive closets and an en suite bath. The two additional bedrooms are both equal in size with generous closets. The exterior of the home bosts a spacious gently sloped yard complete with a swing set, patio and fence. This is not a home you will want to miss!
Unit Size
2,096 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$238
Property Type
House
Property Taxes
$683
HOA Dues
-
Year Built
2016

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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: 4 months ago (MLSPIN #73040564)

Price History

Date / Event Date Event Price
Nov 21, 2022 Sold
Premium
Sold
Oct 15, 2022 In contract -
In contract
Sep 23, 2022 Listed by Compass $499,000
Listed by Compass
Nov 28, 2016 Sold
Premium
Sold
May 12, 2016 Listed by Compass $369,900
Listed by Compass
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,185
  • Total Building Area: 2,096
  • Gross Building Area: 4,113
  • Building Area: 2,096
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,096
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 665-03951-092
  • District: 287
  • Parcel: STUR M:665 B:000 L:3951-092
  • Lot: 3951-92
  • Municipality: STURBRIDGE
  • Latitude: 42.0777
  • Longitude: -72.0635

    Address

  • Full Address: 92 Wallace Rd
  • Address - House Number: 92
  • Address - Street Name: Wallace
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Sturbridge
  • Carrier Code: R003
  • 4-Digit Zip Code: 1426
  • Zip Code: 01566

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $818,400

    Appraisal Valuation

  • Standard Deviation: 0.1852
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 559,694
  • High Value: 663,386
  • Low Value: 456,002

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $496,300
  • Assessed Land Value: $76,100
  • Assessed Improvements Value: $420,200

    Sales

  • Current Sale Contract Date: Nov 21, 2022
  • Current Sale Recording Date: Nov 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 124582
  • Previous Sale Recording Date: Nov 28, 2016
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: O
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 Sturbridge

Stats & Trends

Median Asking:

$489,450

Sale Price/ft²

$255

Below Asking

0.03%

Average Days on Market

64

Average Home Size

1776 ft²

Average Home Age

86.3 years

Currently For Sale

9 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73040564

Frequently Asked Questions

When was property at 92 Wallace Road built and last sold?
The property at 92 Wallace Road was built in 2016 and last sold on Nov 21, 2022 for $487,000.
How much is this home worth?
The estimated value of the home located at 92 Wallace Road is $503,504.
What are some comparable homes to 92 Wallace Road?
There are currently no comparable homes to 92 Wallace Road.
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