NOT LISTED FOR SALE

33 Central St Southbridge, MA 01550

Estimated Value: $522,158

15 Beds
12 Baths
9,331 Sq Ft
$56/Sq Ft Est. Value

Last Sold November 06, 2023

Last sale price $710,000 $76 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $3,271/month

4 Days on Market

About This Home

As of November 2023

PRIME LOCATION--OPPORTUNITY!! INVESTOR ALERT!!! Located in the downtown Southbridge MA. 7 Residential Rental units and 2 commercial units(Store front and what used to be a bar and can be repurposed for anything). Brand new back stairs with deck on back of 33 through 35 Central St. Don't miss out on this opportunity! This mixed-use property is perfect for an investor looking for income producing the property. 6 out of the 9 units are occupied and "Month to Month". Seller and seller's agent make no warranties and or representations.

Last Agent to Sell the Property

Patricia Yawson

Century 21 XSELL REALTY Listed on: 08/10/2023

Century 21 XSELL REALTY

Last Buyer's Agent

Joshua Cali

Cali Realty Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,957

Year Built

  • Built in 1900

Lot Details

  • 0.32

Home Design

  • 9,331 Sq Ft Home
  • Stone Foundation

Bedrooms and Bathrooms

  • 15 Bedrooms

Additional Features

  • Laundry Room
  • 0.32 Acre Lot
  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $3,805
  • Rent includes unit 1(electric), unit 2(electric), unit 3(heat hot water), unit 4(heat)

Community Details

Overview

  • 9 Units
  • Property has 1 Level

Building Details

  • Operating Expense $23,555
  • Net Operating Income $36,615

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,957

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 1.5
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 9

Interior Features

  • Interior Amenities: Unit 1(Cathedral/Vaulted Ceilings), Unit 2(Cathedral/Vaulted Ceilings), Unit 1 Rooms(Kitchen), Unit 2 Rooms(Living Room), Unit 3 Rooms(Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 2(Range), Unit 3(Range), Unit 4(Range)
  • Total Bedrooms: 15
  • Full Bathrooms: 7
  • Half Bathrooms: 5
  • Total Bathrooms: 12
  • Total Bathrooms: 9.5
  • Laundry Features: Unit 3 Laundry Room
  • Basement: Unfinished
  • Living Area: 9331
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN4146
  • LIST PRICE PER Sq Ft: 85.73
  • PRICE PER Sq Ft: 76.09
  • MAIN SO: AN3993

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Oil, Natural Gas

Condo/Co-op/Association

  • Rent Includes: Unit 1(Electric), Unit 2(Electric), Unit 3(Heat,Hot Water), Unit 4(Heat)
  • Senior Community YN: No

Lot Info

  • Zoning: RES MIX M9
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Size Sq Ft: 13836
  • Lot Size Units: Acres
  • PAGE: 0059
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3956.83
  • Tax Book Number: 56500

Multi Family

  • Gross Income: 60170
  • Net Operating Income: 36615
  • Number Of Units Total: 9
  • Operating Expense: 23555
  • Total Actual Rent: 3805
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2016
Sold by
Sotar Nicholas J and Sotar Yuri I
Bought by
Vongphakdy Phout and Vongphakdy Gilmarie
Current Estimated Value
$522,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$266,880
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 5, 2002
Sold by
Dragon Edith L
Bought by
Sotar Nicholas J and Sotar Yuri I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.39%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Vongphakdy Phout $330,000 --
Sgp Properties Llc -- --
Vongphakdy Phout $330,000 --
Sotar Nicholas J $245,000 --
Sotar Nicholas J $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vongphakdy Phout $330,000
Closed Sotar Nicholas J $330,000
Previous Owner Sotar Nicholas J $220,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2023 11/06/23 Sold $710,000 -11.2% $76 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $799,900 -- $86 / 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 $5,893 $402,000 $79,800 $322,200
2024 $4,134 $270,900 $76,000 $194,900
2023 $3,957 $249,800 $76,000 $173,800
2022 $4,487 $230,800 $70,000 $160,800
2021 $4,487 $230,800 $70,000 $160,800
2020 $5,279 $271,000 $70,000 $201,000
2018 $3,926 $189,200 $44,400 $144,800
2017 $3,892 $189,200 $44,400 $144,800
2016 $3,824 $189,200 $44,400 $144,800
2015 $3,469 $170,400 $44,400 $126,000
2014 $3,347 $170,400 $44,400 $126,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73147281

MLS Property Information Network (MLS PIN)

APN: SBRI-000035-000023-000001