Seller's Agent in 2024
Cynthia Sowa Forgit
RE/MAX
(508) 446-3967
51 Total Sales
171 Mechanic St Southbridge, MA 01550
Southbridge AreaEstimated Value: $455,483
10
Beds
3.5
Baths
6,978
Sq Ft
$65/Sq Ft
Est. Value
Highlights
- Medical Services
- Level Entry For Accessibility
- Forced Air Heating System
- Property is near golf course, public transit, and schools
- Shops
- Combination Dining and Living Room
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
- Marble or Granite Building Materials
Interior Spaces
- 6,978 Sq Ft Home
- Insulated Windows
- Combination Dining and Living Room
- 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
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Level Entry For Accessibility
- Bulkhead
- Property is near golf course, public transit, and schools
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
Building Details
- Electric Expense $3,217
- Water Sewer Expense $3,525
- Operating Expense $13,893
- Net Operating Income $31,707
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 19, 2024
Closed on
Mar 11, 2024
Sold by
Bought by
Seller's Agent
Cynthia Sowa Forgit
RE/MAX Prof Associates
Buyer's Agent
Mary Demick
Aucoin Ryan Realty
List Price
$499,900
Sold Price
$420,000
Premium/Discount to List
-$79,900
-15.98%
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,483
Avg. Annual Appreciation
3.50%
Purchase Details
Closed on
Jun 30, 2016
Sold by
Bought by
Purchase Details
Closed on
Jun 24, 2016
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $420,000 | None Available | ||
| $40,000 | -- | ||
| $90,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $350,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
40 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73194881
APN: SBRI-000036-000136-000001
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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