NOT LISTED FOR SALE

146 Village St Medway, MA 02053

Estimated Value: $887,527

5 Beds
5 Baths
3,419 Sq Ft
$260/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $749,000 $219 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,153/month

11 Days on Market

Highlights

  • Community Stables
  • Landscaped Professionally
  • Property is near public transit
  • John D. McGovern Elementary School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of March 2023

LOCATION, LOCATION, LOCATION!!!! Amazing investment opportunity in prime location! Beautiful light filled 3 residential units (one with added in-law suite) and 1 commercial unit. Many updates including replacement windows, new baths, new kitchens, new flooring, paint - too many to list! Walk up attic provides expansion possibilities. Condo conversion potential. One unit empty, others are TAW. Great commuter location - Close to commuter rail, Dean College, shopping, dining, major routes. Potential for condo conversion. Rents below market - tenants pay electric.

Last Agent to Sell the Property

Karen Vandewater

Coldwell Banker Realty - Westwood Listed on: 01/17/2023

Coldwell Banker Realty - Westwood

Last Buyer's Agent

Joana Almeida

Pablo Maia Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,019

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • Stone Wall
  • Landscaped Professionally
  • Irregular Lot
  • Gentle Sloping Lot
  • Cleared Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,419 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Living Room
  • Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms
  • Separate Shower

Unfinished Basement

  • Partial Basement
  • Dirt Floor

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Deck
  • Covered Patio or Porch
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $5,235
  • Rent includes unit 1(heat water), unit 2(heat water), unit 3(heat water), unit 4(heat water)
  • Assessor Parcel Number M:60 B:227

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Community Stables

Building Details

  • Electric Expense $1,200
  • Insurance Expense $2,766
  • Water Sewer Expense $3,560
  • Operating Expense $25,094
  • Net Operating Income $50,866

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,019

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Property Condition: Updated/Remodeled
  • Year Built: 1900
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile,Vinyl,Carpet,Varies Per Unit,Laminate,Hardwood, Unit 2(Hardwood Floors)
  • Interior Amenities: Ceiling Fan(s), Pantry, Bathroom with Shower Stall, Living Room, Kitchen, Unit 1(Ceiling Fans,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Bathroom with Shower Stall), Unit 3(Ceiling Fans,Bathroom with Shower Stall), Unit 4(Ceiling Fans), Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Kitchen,Living RM/Dining RM Combo)
  • Door Features: Insulated Doors
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Refrigerator, Unit 1(Range,Refrigerator,Freezer), Unit 2(Range,Refrigerator,Freezer), Unit 3(Range,Refrigerator,Freezer), Unit 4(Range,Refrigerator,Freezer), Gas Water Heater,Tankless Water Heater, Utility Connections for Gas Range, Utility Connections Varies per Unit
  • Total Bedrooms: 5
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Partial, Bulkhead, Dirt Floor, Unfinished
  • Living Area: 3419
  • Stories Total: 6
  • Window Features: Insulated Windows, Box/Bay/Bow Window(s), Screens
  • MAIN LO: AN6181
  • MAIN SO: NB1705

Exterior Features

  • Exterior Features: Rain Gutters, Professional Landscaping, Stone Wall, Unit 4 Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Stone, Irregular
  • Patio And Porch Features: Porch, Deck, Deck - Wood, Deck - Composite, Covered
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, Varies per Unit
  • Cooling: Other
  • Heating: Natural Gas, Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • Cooling Y N: Yes
  • Electric: 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Stable(s), Highway Access, House of Worship, Public School, University, Sidewalks
  • Rent Includes: Unit 1(Heat,Water), Unit 2(Heat,Water), Unit 3(Heat,Water), Unit 4(Heat,Water)

Fee Information

  • Water Sewer Expenses: 3560

Lot Info

  • Parcel Number: M:60 B:227
  • Zoning: VC-E
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Gentle Sloping
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7019

Multi Family

  • Electric Expense: 1200
  • Insurance Expense: 2766
  • Net Operating Income: 50866
  • Number Of Units Total: 4
  • Operating Expense: 25094
  • Total Actual Rent: 5235
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 2
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2023
Closed on
Mar 17, 2023
Sold by
Mathis Realty Llc
Bought by
Village Real Estate Llc
Seller's Agent
Karen Vandewater
Coldwell Banker Realty - Westwood
Buyer's Agent
Joana Almeida
Pablo Maia Realty
List Price
$749,000
Sold Price
$749,000
Views
47
Current Estimated Value
$887,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,527
Avg. Annual Appreciation
6.41%
Original Mortgage
$550,000
Outstanding Balance
$531,353
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$356,174

Purchase Details

Listed on
Dec 8, 2020
Closed on
Dec 28, 2020
Sold by
Baystate Inv Fund Llc
Bought by
Mathis Realty Llc
Seller's Agent
Jackie Painchaud
The Neighborhood Realty Group
Buyer's Agent
Karen Vandewater
Coldwell Banker Realty - Westwood
List Price
$399,900
Sold Price
$375,000
Premium/Discount to List
-$24,900
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.15%

Purchase Details

Closed on
Jul 1, 2020
Sold by
R P Malmberg 2Nd Ret and Malmberg
Bought by
Baystate Inv Fund Llc

Purchase Details

Closed on
Sep 1, 2015
Sold by
Chant Rt and Malmberg
Bought by
R P Malmberg 2Nd Ret and Malmberg

Purchase Details

Closed on
Mar 30, 1993
Sold by
Briggs Robert A
Bought by
Malmberg Richard P and Malmberg Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Village Real Estate Llc $749,900 None Available
Village Real Estate Llc $749,900 None Available
Village Real Estate Llc $749,900 None Available
Mathis Realty Llc $375,000 None Available
Mathis Realty Llc $375,000 None Available
Mathis Realty Llc $375,000 None Available
Baystate Inv Fund Llc $175,000 None Available
Baystate Inv Fund Llc $175,000 None Available
Baystate Inv Fund Llc $175,000 None Available
R P Malmberg 2Nd Ret -- --
R P Malmberg 2Nd Ret -- --
R P Malmberg 2Nd Ret -- --
Malmberg Richard P $100,000 --
Malmberg Richard P $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Village Real Estate Llc $550,000
Closed Village Real Estate Llc $550,000
Previous Owner Malmberg Richard P $340,000
Previous Owner Malmberg Richard P $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2023 03/17/23 Sold $749,000 0.0% $219 / Sq Ft
01/29/2023 01/29/23 Pending -- -- --
01/17/2023 01/17/23 For Sale $749,000 +99.7% $219 / Sq Ft
01/07/2021 01/07/21 Sold $375,000 -6.2% $115 / Sq Ft View Prior Sale
12/11/2020 12/11/20 Pending -- -- --
12/08/2020 12/08/20 For Sale $399,900 -- $122 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,810 $407,700 $258,800 $148,900
2024 $5,871 $407,700 $258,800 $148,900
2023 $5,750 $360,700 $223,000 $137,700
2022 $7,019 $414,600 $199,100 $215,500
2021 $6,684 $382,800 $179,200 $203,600
2020 $6,088 $347,900 $159,300 $188,600
2019 $5,768 $339,900 $159,300 $180,600
2018 $5,632 $318,900 $139,300 $179,600
2017 $5,537 $309,000 $129,400 $179,600
2016 $6,047 $333,900 $124,600 $209,300
2015 $5,758 $315,700 $117,500 $198,200
2014 $5,682 $301,600 $123,400 $178,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73071335

MLS Property Information Network (MLS PIN)

APN: MEDW-000060-000000-000227