Seller's Agent in 2021
Kim Delia
Laer Realty
(508) 331-6699
6 in this area
53 Total Sales
223 Mechanic St Southbridge, MA 01550
Estimated Value: $367,000
9
Beds
5
Baths
4,612
Sq Ft
$80/Sq Ft
Est. Value
About This Home
As of July 2021WOW! What a rare opportunity!!! Don't miss out on this large 5 unit mixed use building! This property has OUTSTANDING income producing potential. The rear of the first floor is complete with a large rental unit with eat in kitchen and 3 bedrooms. The front side of the building has the perfect commercial rental space! Its the ideal spot for a hair salon, flower shop or more!! Lots of foot traffic in the area make this a great location for a small business to boom!!! The second floor of the property boasts 2 rental units one unit containing 2 bedrooms and the other unit with 1 bedroom and the perfect office space ideal for working from home. The third floor is where you will find the last rental unit. This over sized unit contains 3 bedrooms and a bonus room which could easily be used as a fourth bedroom. This diamond in the rough truly is a must see!! Don't let this income producing property pass you by!!!!!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,769
Year Built
- Built in 1915
Lot Details
- 6,970
Utilities
- Natural Gas Water Heater
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:0030 B:0124 L:00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 8, 2016
Sold by
Department Of Housing & Urban Dev
Bought by
Midfirst Bank
Current Estimated Value
Purchase Details
Closed on
Jan 4, 2016
Sold by
Department Of Housing & Urban Dev
Bought by
Midfirst Bank
Purchase Details
Closed on
Jun 24, 2015
Sold by
Midfirst Bank
Bought by
Department Of Housing & Urban Dev
Purchase Details
Closed on
May 13, 2014
Sold by
Baez Henry D and Midfirst Bank
Bought by
Midfirst Bank
Purchase Details
Closed on
May 27, 2003
Sold by
Phongsa Chansamone
Bought by
Baez Henry D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,519
Interest Rate
5.53%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 3, 1997
Sold by
Milstead William J
Bought by
Soutbridge Cu
Purchase Details
Closed on
Jul 31, 1996
Sold by
Southbridge Cu
Bought by
Phongsa Chansamone and Phongsa Chanthavone
Purchase Details
Closed on
Jan 3, 1996
Sold by
Milstead William J
Bought by
Southbridge Cu
Purchase Details
Closed on
Sep 16, 1992
Sold by
Noga Alan G
Bought by
Southbridge Cu
Purchase Details
Closed on
Oct 9, 1991
Sold by
Noga Alan G
Bought by
Milstead William J and Deborah Milstead
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| Midfirst Bank | -- | -- | |
| Midfirst Bank | -- | -- | |
| Midfirst Bank | -- | -- | |
| Midfirst Bank | -- | -- | |
| Department Of Housing & Urban Dev | -- | -- | |
| Department Of Housing & Urban Dev | -- | -- | |
| Midfirst Bank | $243,654 | -- | |
| Midfirst Bank | $243,654 | -- | |
| Baez Henry D | $188,000 | -- | |
| Baez Henry D | $188,000 | -- | |
| Soutbridge Cu | $60,000 | -- | |
| Phongsa Chansamone | $38,000 | -- | |
| Southbridge Cu | $60,000 | -- | |
| Southbridge Cu | $99,000 | -- | |
| Milstead William J | $122,962 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alpha Home Services Inc | $135,000 | |
| Closed | Alpha Home Services Inc | $135,000 | |
| Previous Owner | Baez Henry D | $21,218 | |
| Previous Owner | Baez Henry D | $220,001 | |
| Previous Owner | Milstead William J | $19,519 | |
| Previous Owner | Milstead William J | $181,279 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2021 07/09/21 | Sold | $180,000 | -9.3% | $39 / Sq Ft |
| 06/06/2021 06/06/21 | Pending | -- | -- | -- |
| 05/07/2021 05/07/21 | For Sale | $198,400 | 0.0% | $43 / Sq Ft |
| 04/29/2021 04/29/21 | Pending | -- | -- | -- |
| 04/03/2021 04/03/21 | For Sale | $198,400 | -- | $43 / 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 | $6,769 | $461,700 | $58,600 | $403,100 |
| 2024 | $4,332 | $283,900 | $55,800 | $228,100 |
| 2023 | $4,122 | $260,200 | $55,800 | $204,400 |
| 2022 | $4,106 | $229,400 | $51,400 | $178,000 |
| 2021 | $4,460 | $229,400 | $51,400 | $178,000 |
| 2020 | $4,469 | $229,400 | $51,400 | $178,000 |
| 2018 | $4,239 | $204,300 | $48,900 | $155,400 |
| 2017 | $4,202 | $204,300 | $48,900 | $155,400 |
| 2016 | $4,129 | $204,300 | $48,900 | $155,400 |
| 2015 | $3,744 | $183,900 | $48,900 | $135,000 |
| 2014 | -- | $183,900 | $48,900 | $135,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Delia
-
Sergio Froes Oliveira
Buyer's Agent in 2021
Sergio Froes Oliveira
Settlers Realty Group, LLC
(508) 371-7469
5 in this area
99 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72808170
APN: SBRI-000030-000124-000001
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