NOT LISTED FOR SALE

22 Chapin St Southbridge, MA 01550

Estimated Value: $368,060 - $389,000

4 Beds
2 Baths
2,002 Sq Ft
$189/Sq Ft Est. Value

Last Sold December 30, 2022

Last sale price $295,000 $147 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,405/month

6 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Fenced
  • Porch
  • Laundry Room
  • Level Lot

About This Home

As of December 2022

This 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?

Last Agent to Sell the Property

George Goulas

Peoples Broker Realty Listed on: 10/23/2022

Last Buyer's Agent

Trina Macchi

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,780

Year Built

Built in 1890 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Property Condition: Unit 1 Remodeled
  • Year Built: 1890
  • Buyer Agency: 2.5
  • Transaction Broker: Call
  • Year Built Details: Renovated Since,Under Construction
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Wood,Vinyl,Carpet, Unit 1(undefined)
  • Interior Amenities: Other (See Remarks), Unit 1(Pantry,Storage,Walk-In Closet,Internet Available - Broadband), Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Kitchen)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Microwave,Refrigerator), Unit 2(Range,Refrigerator)
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Laundry Room
  • Living Area: 2002
  • Stories Total: 2
  • MAIN LO: AN7266
  • LIST PRICE PER Sq Ft: 147.35
  • PRICE PER Sq Ft: 147.35
  • MAIN SO: M59500

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone
  • Frontage Length: 69
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street, Other
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Central Air)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Hot Water Baseboard,Gas)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Parcel Number: M:0048 B:0202 L:00001,3978905
  • Zoning: CC
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level, Other
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2002
  • Lot Size Units: Acres
  • PAGE: 225
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2780
  • Tax Block: 202
  • Tax Book Number: 68039
  • Tax Lot: 1
  • Tax Map Number: 48

Multi Family

  • Gross Income: 10200
  • Net Operating Income: 10200
  • Number Of Units Total: 2
  • Total Actual Rent: 850
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

MLS Schools

  • High School: Southbridge
  • Elementary School: Southbridge
  • Middle Or Junior School: Southbridge

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
$377,765

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
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

Property History

Date Event Price List to Sale Price per Sq Ft
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

Source: Public Records

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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73051253

MLS Property Information Network (MLS PIN)

APN: SBRI-000048-000202-000001