NOT LISTED FOR SALE

342 Providence Rd South Grafton, MA 01560

Estimated Value: $658,000 - $681,000

7 Beds
3 Baths
2,016 Sq Ft
$331/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $620,000 $308 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,388/month

11 Days on Market

Highlights

  • Golf Course Community
  • Community Stables
  • Property is near public transit
  • Grafton High School Rated A-
  • Medical Services
  • Wood Flooring

About This Home

As of November 2023

Start putting your hard earned money to work for you! This is a rare opportunity to own an amazing investment property, either as a traditional income producing property or as an owner occupied property. The property presents a chance to collect rent while you live in one of the units to help pay off your mortgage. The top floor unit, which is currently vacant, would make a great owner occupy unit with access to the walk up attic. By making some slight changes, you could significantly increase the square footage of the top floor unit if you added the attic space to the total square footage of the unit. The property also offers two garage spaces, which is an added bonus for a rental property and future income potential. The property offers a great commuting location with access to major roads and access to the commuter rail. A high rental demand for the area along with a higher rated school system ensures that the rental demand for the property will only continue to rise.

Last Agent to Sell the Property

Steven Lindquist

RE/MAX Executive Realty Listed on: 10/06/2023

RE/MAX Executive Realty

Last Buyer's Agent

Sanjeev Jha

Namaste Boston Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,210

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot
  • Near Conservation Area
  • Fenced
  • Gentle Sloping Lot
  • Cleared Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,016 Sq Ft Home
  • Insulated Windows

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Block Basement Construction

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • 3 Heating Zones
  • Heating Available
  • Knob And Tube Electrical Wiring
  • Natural Gas Connected

Additional Features

  • Energy-Efficient Thermostat
  • Porch

Listing and Financial Details

  • Total Actual Rent $4,185
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0124 B:0000 L:0056.0,1528757

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Community Stables
  • Jogging Path
  • Bike Trail

Building Details

  • Water Sewer Expense $1,578
  • Operating Expense $4,841
  • Net Operating Income $50,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,210

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2.0%
  • Buyer Agency Type: %
  • Transaction Broker: 1.0%
  • Transaction Broker Type: %
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors), Unit 3(Tile Floor,Hardwood Floors)
  • Interior Amenities: Unit 1(Pantry,Upgraded Countertops,Open Floor Plan,Internet Available - Fiber-Optic), Unit 2(Pantry,Storage), Unit 3(Pantry,Storage), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections Varies per Unit
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Partial, Concrete, Unfinished
  • Living Area: 2016
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: BB1175
  • LIST PRICE PER Sq Ft: 307.49
  • PRICE PER Sq Ft: 307.54
  • MAIN SO: AN5150

Exterior Features

  • Exterior Features: Porch,Gutters,Fenced Yard
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Assigned, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, Varies per Unit
  • Cooling: Unit 1(Window AC), Unit 3(Window AC)
  • Heating: Unit 1(Hot Water Radiators), Unit 2(Hot Water Radiators), Unit 3(Electric Baseboard)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, Knob & Tube Wiring
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1578

Lot Info

  • Parcel Number: M:0124 B:0000 L:0056.0,1528757
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Gentle Sloping
  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Sq Ft: 12632
  • Lot Size Units: Acres
  • PAGE: 91
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6210
  • Tax Book Number: 24818

Multi Family

  • Gross Income: 50220
  • Net Operating Income: 50220
  • Number Of Units Total: 3
  • Operating Expense: 4841
  • Total Actual Rent: 4185
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2001
Sold by
Nixon Herbert J and Nixon Judith A
Bought by
Winner William R and Winner Leslie P
Current Estimated Value
$666,758
Source: Public Records

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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
Winner William R $171,000 --
Winner William R $171,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Liaqat A $496,000
Closed Khan Liaqat A $496,000
Previous Owner Tripp Judith $66,500
Previous Owner Tripp Judith $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $620,000 0.0% $308 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $619,900 -- $307 / 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 $8,089 $580,300 $141,000 $439,300
2024 $6,282 $439,000 $134,300 $304,700
2023 $6,210 $395,300 $134,300 $261,000
2022 $5,494 $325,500 $115,300 $210,200
2021 $5,322 $309,800 $104,800 $205,000
2020 $4,907 $297,400 $104,800 $192,600
2019 $4,650 $279,100 $86,500 $192,600
2018 $4,144 $249,800 $85,500 $164,300
2017 $4,007 $244,300 $68,700 $175,600
2016 $4,115 $245,700 $80,600 $165,100
2015 $4,005 $242,700 $79,500 $163,200
2014 $3,435 $225,100 $89,200 $135,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73167544

MLS Property Information Network (MLS PIN)

APN: GRAF-000124-000000-000560