Jen McMorran
Responds Quickly
Keller Williams Elite
(339) 220-5309
114 Total Sales
2 in Medway
$560K - $790K Price Range
192 Main St Medway, MA 02053
Medway Area
12
Beds
6.5
Baths
7,061
Sq Ft
0.97
Acre Lot
Highlights
- Wood Flooring
- Corner Lot
- Living Room
- John D. McGovern Elementary School Rated A-
- Jogging Path
- Park
About This Home
As of March 2024Great investment opportunity with this hard-to-find six-unit residential property nestled in the heart of Medway. Each unit sits vacant, presenting the new owner with an opportunity to unlock its full potential and attain market-level rents. Cosmetic enhancements to select units promise a swift turnaround and immediate income generation. With separate utilities for each unit, along with four units equipped with natural gas heating and hot water and one unit featuring a recently installed heat pump. Some replacement windows, town water and sewer. Situated on a generous-sized lot with a detached two-car garage with a separate electric meter and ample off-street parking to service the tenants, The property is being sold "As is," but will be well worth the effort once the cash rolls in.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,011
Year Built
- Built in 1825
Lot Details
- 42,210 Sq Ft Lot
- Corner Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Shingle Roof
Interior Spaces
- 7,061 Sq Ft Home
- Family Room
- Living Room
- Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Range
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 12 Bedrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Heat Pump System
Listing and Financial Details
- Assessor Parcel Number M:47 B:070,3163489
Community Details
Overview
- 6 Units
- Near Conservation Area
- Property has 1 Level
Amenities
- Shops
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $7,693
- Operating Expense $7,693
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 31, 2024
Closed on
Mar 26, 2024
Sold by
Bought by
Seller's Agent
David Restic
Property Services Network
Buyer's Agent
Sam Takla
Coldwell Banker Realty - Framingham
List Price
$875,000
Sold Price
$1,150,000
Premium/Discount to List
$275,000
31.43%
Views
75
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,948,916
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 1, 2007
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Medway, MA
-
Jen McMorran
-
Linda Wigren
Linda Wigren
Conway - Walpole
(774) 806-8264
89 Total Sales
3 in Medway
$724K - $1M Price Range
-
Pat Baker
Pat Baker
Realty Executives Boston West
(774) 469-2507
19 Total Sales
1 in Medway
$290,000 Price
-
Michael Giovangelo
Michael Giovangelo
Better Living Real Estate, LLC
(774) 341-5232
57 Total Sales
5 in Medway
$425K - $865K Price Range
-
Jeffrey Klurfeld
Jeffrey Klurfeld
Today Real Estate, Inc.
(781) 516-8982
36 Total Sales
1 in Medway
$1,400,000 Price
-
Susan Ducharme
Susan Ducharme
Coldwell Banker Realty Nashua
(351) 208-1032
59 Total Sales
1 in Medway
$599,900 Price
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 |
|---|---|---|---|
| $1,150,000 | None Available | ||
| $520,000 | -- |
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 |
|---|---|---|---|
| Open | $2,000,000 |
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 |
|---|---|---|---|---|
| 03/26/2024 03/26/24 | Sold | $1,150,000 | +31.4% | $163 / Sq Ft |
| 02/07/2024 02/07/24 | Pending | -- | -- | -- |
| 01/31/2024 01/31/24 | For Sale | $875,000 | -- | $124 / 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 | $10,894 | $764,500 | $273,600 | $490,900 |
| 2024 | $11,009 | $764,500 | $273,600 | $490,900 |
| 2023 | $11,011 | $690,800 | $238,800 | $452,000 |
| 2022 | $10,124 | $598,000 | $201,900 | $396,100 |
| 2021 | $9,657 | $553,100 | $182,400 | $370,700 |
| 2020 | $9,300 | $531,400 | $160,700 | $370,700 |
| 2019 | $8,870 | $522,700 | $152,000 | $370,700 |
| 2018 | $8,230 | $466,000 | $130,300 | $335,700 |
| 2017 | $8,351 | $466,000 | $130,300 | $335,700 |
| 2016 | $7,559 | $417,400 | $108,600 | $308,800 |
| 2015 | $7,613 | $417,400 | $108,600 | $308,800 |
| 2014 | $7,901 | $419,400 | $118,500 | $300,900 |
Source: Public Records
Agents Affiliated with this Home
-
David Restic
Seller's Agent in 2024
David Restic
Property Services Network
(508) 473-0762
84 Total Sales
-
Sam Takla
Buyer's Agent in 2024
Sam Takla
Coldwell Banker Realty - Framingham
(978) 810-5348
78 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73197872
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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