22 Chapin St Southbridge, MA 01550
Estimated Value: $330,000 - $402,000
4
Beds
2
Baths
2,002
Sq Ft
$182/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Cooling Available
- Fenced
- Porch
- Laundry Room
- Level Lot
About This Home
As of December 2022This 2-family property has been beautifully updated with all new insulated double-hung windows, a new pressure-treated deck & stairs for the 2nd-floor unit, and a new kitchen & flooring for the 1st-floor unit. The exterior has a fresh coat of new paint and the bathroom is in the process of being updated on the 1st-floor unit. The efficient Heating system is forced hot air with natural gas & central A/C on the 1st-floor unit and a separate gas boiler with forced hot water on the 2nd-floor unit. This mixed-use property is located in the Heart of Southbridge, right across the street from the FREE public parking lot in the center of town. Take a close look at the price per square foot on this incredible investment property. The 1st-floor unit was most currently used as a hair salon. Many potential uses are allowed in this location. You can live in the unit and run your business right from your home as you build equity. Why rent when you can own?
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,780
Year Built
- Built in 1890 | Remodeled
Lot Details
- 2,002 Sq Ft Lot
- Fenced
- Level Lot
- Cleared Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 2,002 Sq Ft Home
- Property has 1 Level
- Insulated Doors
- Microwave
- Laundry Room
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Shared Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Porch
Schools
- Southbridge Elementary And Middle School
- Southbridge High School
Utilities
- Cooling Available
- 2 Heating Zones
- Heating Available
Community Details
- 2 Units
- Net Operating Income $10,200
Listing and Financial Details
- Total Actual Rent $850
- Legal Lot and Block 1 / 202
- Assessor Parcel Number M:0048 B:0202 L:00001,3978905
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 10, 2022
Sold by
Bacon Sandra J
Bought by
100 Worcester Road Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 12, 2012
Sold by
Lazo Michael D and Lazo Marlene C
Bought by
Lazo Michael D
Purchase Details
Closed on
Nov 2, 1983
Bought by
Lazo Marlene C
Similar Homes in Southbridge, MA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 100 Worcester Road Llc | -- | None Available | |
| 100 Worcester Road Llc | -- | None Available | |
| Lazo Michael D | -- | -- | |
| Lazo Michael D | -- | -- | |
| Lazo Marlene C | $37,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Towne Alison | $289,656 | |
| Closed | Towne Alison | $289,656 | |
| Closed | Bacon Sandra J | $150,000 | |
| Previous Owner | Colecchi Nikki | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2022 12/30/22 | Sold | $295,000 | 0.0% | $147 / Sq Ft |
| 10/30/2022 10/30/22 | Pending | -- | -- | -- |
| 10/30/2022 10/30/22 | Price Changed | $295,000 | +11.4% | $147 / Sq Ft |
| 10/25/2022 10/25/22 | For Sale | $264,900 | -10.2% | $132 / Sq Ft |
| 10/23/2022 10/23/22 | Off Market | $295,000 | -- | -- |
| 10/23/2022 10/23/22 | For Sale | $264,900 | -- | $132 / 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 | $4,741 | $323,400 | $52,400 | $271,000 |
| 2024 | $4,598 | $301,300 | $49,900 | $251,400 |
| 2023 | $2,788 | $176,000 | $49,900 | $126,100 |
| 2022 | $2,780 | $155,300 | $46,000 | $109,300 |
| 2021 | $3,019 | $155,300 | $46,000 | $109,300 |
| 2020 | $3,025 | $155,300 | $46,000 | $109,300 |
| 2018 | $3,000 | $144,600 | $43,700 | $100,900 |
| 2017 | $2,974 | $144,600 | $43,700 | $100,900 |
| 2016 | $2,922 | $144,600 | $43,700 | $100,900 |
| 2015 | $2,852 | $140,100 | $43,700 | $96,400 |
| 2014 | $2,752 | $140,100 | $43,700 | $96,400 |
Source: Public Records
Agents Affiliated with this Home
-
George Goulas
Seller's Agent in 2022
George Goulas
Peoples Broker Realty
(508) 509-3833
8 in this area
54 Total Sales
-
Trina Macchi
Buyer's Agent in 2022
Trina Macchi
William Raveis R.E. & Home Services
(508) 509-4236
3 in this area
152 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73051253
APN: SBRI-000048-000202-000001
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