Seller's Agent in 2024
Cynthia Sowa Forgit
RE/MAX
(508) 446-3967
5 in this area
50 Total Sales
171 Mechanic St Southbridge, MA 01550
Estimated Value: $461,785
10
Beds
3.5
Baths
6,978
Sq Ft
$66/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Granite Flooring
- Level Entry For Accessibility
- Medical Services
- Property is near public transit
- Shops
About This Home
As of March 2024Great opportunity to bring in Additional Income with this Mixed Use Property. Find a Commercial Space (appx 950 SF) and (4) Fully Rented Residential Units (appx. 3900 SF). The Main Level: Currently contains a Retail Space (950 SF) & an updated 1/2 Bath. There is a Separate Secured Laundry Area (130 SF) for Tenants. The Second & Third Levels contain (2) Apartments per Floor. Each Floor has a unit containing 2 Bedrooms & a unit containing 3 Bedrooms. All units have a Full Bath, a Kitchen and a Living/Dining Room Area. The Full Basement (2000 SF) has interior access for additional storage. Recent Updates: 3 of the 4 Residential Apartments Fully Renovated (2019), Enclosed Exterior Stairs & Handicap Ramp (2020-21), Windows (2020-21). An active Fire & Security Monitoring System in place also. Close to Town Amenities, Major Routes (Rt. 169, 20, MA Pike/90, 290 and CT state line) and appx an hour to airports (Hartford, Providence & Boston).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,372
Year Built
- Built in 1900
Lot Details
- 5,445 Sq Ft Lot
- Fenced
- Cleared Lot
Home Design
- Quadruplex
- Stone Foundation
- Rubber Roof
Interior Spaces
- 6,978 Sq Ft Home
- Insulated Windows
- Combination Dining and Living Room
- Granite Flooring
- Range
Bedrooms and Bathrooms
- 10 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
- Dirt Floor
Parking
- 3 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Level Entry For Accessibility
- Bulkhead
Listing and Financial Details
- Total Actual Rent $3,800
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number M:0036 B:0136 L:00001,3978102
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Golf Course Community
Building Details
- Electric Expense $3,217
- Water Sewer Expense $3,525
- Operating Expense $13,893
- Net Operating Income $31,707
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 30, 2016
Sold by
Southbridge Savings Ba
Bought by
Center Of Hope Foundat
Current Estimated Value
Purchase Details
Closed on
Jun 24, 2016
Sold by
Renaud Marc G and Southbridge Savings Ba
Bought by
Southbridge Savings Ba
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Center Of Hope Foundat | $40,000 | -- | |
| Southbridge Savings Ba | $90,000 | -- | |
| Southbridge Savings Ba | $90,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/14/2024 03/14/24 | Sold | $420,000 | -16.0% | $60 / Sq Ft |
| 01/30/2024 01/30/24 | Pending | -- | -- | -- |
| 01/19/2024 01/19/24 | For Sale | $499,900 | -- | $72 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,291 | $360,900 | $56,400 | $304,500 |
| 2024 | $3,553 | $232,800 | $53,700 | $179,100 |
| 2023 | $3,372 | $212,900 | $53,700 | $159,200 |
| 2022 | $3,523 | $196,800 | $49,500 | $147,300 |
| 2021 | $4,038 | $207,700 | $49,500 | $158,200 |
| 2020 | $4,046 | $207,700 | $49,500 | $158,200 |
| 2018 | $4,258 | $205,200 | $47,000 | $158,200 |
| 2017 | $3,902 | $189,700 | $47,000 | $142,700 |
| 2016 | $3,834 | $189,700 | $47,000 | $142,700 |
| 2015 | $3,862 | $189,700 | $47,000 | $142,700 |
| 2014 | $3,726 | $189,700 | $47,000 | $142,700 |
Source: Public Records
Agents Affiliated with this Home
-
Cynthia Sowa Forgit
-
Mary Demick
Buyer's Agent in 2024
Mary Demick
Aucoin Ryan Realty
(508) 344-3629
26 in this area
45 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73194881
APN: SBRI-000036-000136-000001
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