NOT LISTED FOR SALE

Estimated Value: $705,000 - $853,000

5 Beds
6 Baths
3,000 Sq Ft
$262/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $635,000 $212 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,313/month

53 Days on Market

About This Home

As of January 2022

**Buyers could not secure financing**Rare opportunity to buy a multifamily property in Shrewsbury. This 2 family building situated in a prime location off South Quinsigamond Ave is an investor or contractor's income dream. Not only does it include 2 units of living space but also an enormous 50 x 28 warehouse with 14 foot door and office which could be used to store all your equipment or also rented and added to the cashflow. Both units are now vacant, Warehouse used by owner. Warehouse contents will be removed prior to closing.

Last Agent to Sell the Property

andrea castinetti

Castinetti Realty Group Listed on: 10/07/2021

Co-Listed By

Gary Gay

Cuoco & Co. Real Estate

Last Buyer's Agent

Cathy Meyer

Coldwell Banker Realty - Worcester

Coldwell Banker Realty - Worcester

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $82

Year Built

  • 1876

Lot Details

  • 0.52

Parking

  • 2

Interior Spaces

  • Property has 3 Levels

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$82

Year Built

1876

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: GPS
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1876

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Partially Finished
  • Total Bathrooms: 6
  • MAIN LO: AN4508
  • LIST PRICE PER Sq Ft: 216.33
  • PRICE PER Sq Ft: 211.67
  • MAIN SO: AN6181
  • Full Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Fireplaces: 2
  • Interior Amenities: Unit 3 Rooms(Other (See Remarks))
  • Stories: 8

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: Third Unit Is A Warehouse Space Being Used As Hockey Shooting Rink
  • Exclusions: Hockey Rink And All Personal Equipment Belongings.
  • Home Warranty: No
  • Patio And Porch Features: Porch
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Heating: Unit 1(Electric), Unit 2(Electric)
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, Private School, Public School
  • Senior Community: No

Lot Info

  • LOT SIZE: 22651
  • PAGE: 67
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 22651.2
  • Zoning: RB1

Multi Family

  • LEVELS 1: 3
  • LEVELS 2: 3
  • LEVELS 3: 2
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 1
  • FLRS 2: 2
  • Annual Gross Income: 45600
  • Property Net Operating Income: 45600
  • Number Of Units Total: 3
  • Total Actual Rent: 4800

Tax Info

  • Tax Annual Amount: 6117.52
  • Tax Book Number: 57879
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2023
Sold by
Tay Huiqing and Lee Rensun
Bought by
Dc T T and Dc Lee
Current Estimated Value
$786,578

Purchase Details

Closed on
Oct 13, 2017
Sold by
Dillon Joseph J and Dillon Judith M
Bought by
Dillon Timothy and Dillon Julianne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2010
Sold by
Dillon Michael P
Bought by
Dillon Joseph J and Dillon Judith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5%

Purchase Details

Closed on
Dec 1, 2006
Sold by
Dillon Joseph C and Dillon Joseph J
Bought by
Dillon Michael P
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Dc T T -- None Available
Dc T T -- None Available
Dc T T -- None Available
Dillon Timothy $300,000 --
Dillon Timothy $300,000 --
Dillon Timothy $300,000 --
Dillon Joseph J $467,326 --
Dillon Joseph J $467,326 --
Dillon Joseph J $467,326 --
Dillon Michael P $505,000 --
Dillon Michael P $505,000 --
Dillon Michael P $505,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tay Huiqing $75,000
Previous Owner Tay Huiqing $508,000
Previous Owner Dillon Timothy J $330,000
Previous Owner Dillon Timothy $225,000
Previous Owner Dillon Michael P $225,000
Previous Owner Dillon Michael P $485,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $635,000 -2.2% $212 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
11/23/2021 11/23/21 For Sale -- -- --
10/24/2021 10/24/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $649,000 0.0% $216 / Sq Ft
03/31/2018 03/31/18 Rented $1,800 0.0% --
03/23/2018 03/23/18 For Rent $1,800 -- --
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 $82 $681,500 $266,100 $415,400
2024 $8,280 $668,800 $253,400 $415,400
2023 $7,671 $584,700 $253,400 $331,300
2022 $7,521 $533,000 $253,400 $279,600
2021 $6,118 $463,800 $202,700 $261,100
2020 $5,755 $461,500 $202,700 $258,800
2019 $5,641 $448,800 $186,800 $262,000
2018 $5,389 $425,700 $190,400 $235,300
2017 $5,144 $400,900 $172,600 $228,300
2016 $5,106 $392,800 $164,700 $228,100
2015 $4,838 $366,500 $158,100 $208,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72905237

MLS Property Information Network (MLS PIN)

APN: SHRE-000046-000000-076000