NOT LISTED FOR SALE

15 Chestnut St Southbridge, MA 01550

Estimated Value: $420,938 - $489,000

9 Beds
3 Baths
3,657 Sq Ft
$127/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $347,000 $95 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,053/month

25 Days on Market

About This Home

As of October 2021

Welcome home to this great 3 family house in Southbridge MA! Third floor unit was completely remodeled and is ready for the owner occupier or investor who wants to collect top rent! Schedule your showing now as this gem will not last! ** This is a 1031 exchange sale.

Last Agent to Sell the Property

Sergio Froes Oliveira

Settlers Realty Group, LLC Listed on: 07/20/2021

Last Buyer's Agent

Rebeca Banegas

Weichert REALTORS®, Hope & Associates

Weichert REALTORS®, Hope & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,543

Year Built

  • 1915

Lot Details

  • 10,019

Parking

  • 4

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,543

Year Built

1915

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: NA
  • Garage Yn: Yes
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1915

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Sump Pump, Dirt Floor
  • Total Bathrooms: 3
  • MAIN LO: AN5193
  • LIST PRICE PER Sq Ft: 95.68
  • PRICE PER Sq Ft: 94.89
  • MAIN SO: AN5003
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Fireplace: No
  • Flooring: Varies Per Unit,Laminate
  • Stories: 6

Exterior Features

  • Roof: Rubber
  • Foundation Details: Brick/Mortar
  • View: City View(s)
  • Disclosures: The 4 Garage Bays Will Probably Need To Be Demolished, Huge Potential For A Parking Lot. No Warranties Implied Or Otherwise. Buyers And Buyers Agents To Conduct Due Diligence On Behalf Of Buyers. Property Is Being Sold As Is, Where Is.
  • Patio And Porch Features: Porch
  • Waterfront: No

Garage/Parking

  • Covered Parking Spaces: 4
  • Garage Spaces: 4

Utilities

  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
  • Electric: 110 Volts
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Fee Information

  • Annual Water Sewer Expense: 3200

Lot Info

  • LOT SIZE: 10000
  • PAGE: 372
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 10018.8
  • Zoning: resid

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Annual Gross Income: 32400
  • Insurance Expense: 1500
  • Property Net Operating Income: 31300
  • Number Of Units Total: 3
  • Annual Operating Expense: 4700
  • Total Actual Rent: 3000

Tax Info

  • Tax Annual Amount: 420293
  • Tax Book Number: 60821
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2020
Sold by
Valle Michael
Bought by
Valle Southbridge Estates
Current Estimated Value
$464,985

Purchase Details

Closed on
Jul 12, 2019
Sold by
Berkshire Land Co Llc
Bought by
Valle Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,375
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2013
Closed on
May 16, 2013
Sold by
Santa Narciso and Santa Aida A
Bought by
Berkshire Land Co Llc
Seller's Agent
Annette Astphan
Coldwell Banker Realty - Sturbridge
Buyer's Agent
Laura Liberty
Coldwell Banker Realty - Sturbridge
List Price
$119,900
Sold Price
$120,000
Premium/Discount to List
$100
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.76%

Purchase Details

Closed on
Dec 17, 2003
Sold by
Santa Lucy I
Bought by
Santazayas Aida L and Santazayas Narciso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 1992
Sold by
Est Ernest Farland
Bought by
Santa Lucy I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,295
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Valle Southbridge Estates -- None Available
Valle Southbridge Estates -- None Available
Valle Michael $152,500 --
Valle Michael $152,500 --
Berkshire Land Co Llc $650,000 --
Berkshire Land Co Llc $650,000 --
Santazayas Aida L -- --
Santazayas Aida L -- --
Santa Lucy I $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Veras-Martinez Melvin A $340,714
Closed Veras-Martinez Melvin A $340,714
Previous Owner Valle Michael $117,000
Previous Owner Valle Michael $114,375
Previous Owner Berkshire Land Co Llc $1,300,000
Previous Owner Santazayas Aida L $60,000
Previous Owner Santa Lucy I $48,295
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $347,000 -0.8% $95 / Sq Ft
08/31/2021 08/31/21 For Sale -- -- --
08/13/2021 08/13/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $349,900 +191.6% $96 / Sq Ft
05/16/2013 05/16/13 Sold $120,000 +0.1% $34 / Sq Ft
04/16/2013 04/16/13 Pending -- -- --
03/12/2013 03/12/13 For Sale $119,900 -- $34 / 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 $5,543 $378,100 $34,700 $343,400
2024 $4,638 $303,900 $28,900 $275,000
2023 $4,361 $275,300 $28,900 $246,400
2022 $4,169 $232,900 $24,700 $208,200
2021 $4,203 $216,200 $24,700 $191,500
2020 $3,980 $204,300 $24,700 $179,600
2018 $3,142 $151,400 $21,900 $129,500
2017 $3,114 $151,400 $21,900 $129,500
2016 $2,866 $141,800 $21,900 $119,900
2015 $2,920 $143,400 $21,900 $121,500
2014 $2,777 $141,400 $21,900 $119,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72868637

MLS Property Information Network (MLS PIN)

APN: SBRI-000046-000204-000001