171 Mechanic St Southbridge, MA 01550
Estimated Value: $436,388
10
Beds
3.5
Baths
6,978
Sq Ft
$63/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 24, 2016
Sold by
Renaud Marc G and Southbridge Savings Ba
Bought by
Southbridge Savings Ba
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Southbridge Savings Ba | $90,000 | -- | |
| Southbridge Savings Ba | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Renaud Marc G | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
Seller's Agent in 2024
Cynthia Sowa Forgit
RE/MAX
(508) 446-3967
5 in this area
54 Total Sales
-
Mary Demick
Buyer's Agent in 2024
Mary Demick
Aucoin Ryan Realty
(508) 344-3629
30 in this area
49 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73194881
APN: SBRI-000036-000136-000001
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