Seller's Agent in 2023
Greg Richard
Realty Executives
(508) 341-7528
1 in this area
80 Total Sales
49 Village St Medway, MA 02053
Estimated Value: $652,915 - $795,000
5
Beds
3
Baths
2,651
Sq Ft
$277/Sq Ft
Est. Value
Highlights
- River View
- Waterfront
- Laundry Room
- John D. McGovern Elementary School Rated A-
- Wooded Lot
- 1 Car Garage
About This Home
As of October 2023Idyllic location for a 2 Family Home on the Charles River in Medway. Over 1 acre of beautiful Gardens and laws with direct access to the Charles River; There is even a well-maintained pool; Both units have renovated modern kitchens; The 1st floor unit has a great layout and is a good size. The 2nd floor unit also has an excellent layout with 4 bedrooms and 2 full baths. Apartment 2 is on the 2nd and 3rd floor. The home has been owner-occupied for many years. The potential rent for the 2 units is $4,000-$4,500 per month. Both units have laundry. There is a large Garage/Barn with a space on the second floor that could be renovated. There is also a 2nd small cottage style building on the property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,119
Year Built
- Built in 1900
Lot Details
- 1.11 Acre Lot
- Waterfront
- Wooded Lot
Parking
- 1 Car Garage
- Off-Street Parking
Home Design
- Stone Foundation
Interior Spaces
- 2,651 Sq Ft Home
- Property has 1 Level
- River Views
- Basement Fills Entire Space Under The House
- Dishwasher
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Additional Features
- Flood Zone Lot
- Heating Available
Community Details
- 2 Units
Listing and Financial Details
- Rent includes unit 1(heat), unit 2(heat)
- Assessor Parcel Number M:61 B:051,3162114
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2023
Closed on
Oct 5, 2023
Sold by
Spence Christopher
Bought by
Spence Christopher and Spence William H
Seller's Agent
Greg Richard
Realty Executives Boston West
Buyer's Agent
Steven Sanchez
Keller Williams Boston MetroWest
List Price
$675,000
Sold Price
$700,000
Premium/Discount to List
$25,000
3.7%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,479
Avg. Annual Appreciation
2.46%
Original Mortgage
$687,321
Outstanding Balance
$675,807
Interest Rate
7.18%
Mortgage Type
FHA
Estimated Equity
$56,228
Purchase Details
Closed on
May 6, 2021
Sold by
Spence Ryan and Spence Ashley N
Bought by
Spence Mae M and Spence Christopher
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,400
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Apr 1, 2016
Sold by
Spence Ft and Spence
Bought by
Spence Ashley N and Spence Ryan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Interest Rate
3.65%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Aug 23, 2012
Sold by
Spence Ft and Spence
Bought by
Spence Ft and Spence
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,400
Interest Rate
3.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 12, 2006
Sold by
Aldrich Nancy M and Aldrich Paul C
Bought by
Spence Ft and Spence
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 5, 1999
Sold by
Aldrich Ft
Bought by
Aldrich Paul C and Aldrich Nancy M
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Spence Christopher | -- | None Available | |
| Spence Christopher | -- | None Available | |
| Spence Mae M | -- | None Available | |
| Spence Mae M | -- | None Available | |
| Spence Ashley N | -- | -- | |
| Spence Ashley N | -- | -- | |
| Spence Ashley N | -- | -- | |
| Spence Ft | -- | -- | |
| Spence Ft | -- | -- | |
| Spence Ft | $442,000 | -- | |
| Spence Ft | $442,000 | -- | |
| Aldrich Paul C | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Xavier Maria A | $687,321 | |
| Closed | Xavier Maria A | $687,321 | |
| Previous Owner | Spence Mae M | $278,400 | |
| Previous Owner | Spence Ashley N | $302,000 | |
| Previous Owner | Spence Ft | $275,400 | |
| Previous Owner | Spence Ft | $295,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2023 10/31/23 | Sold | $700,000 | +3.7% | $264 / Sq Ft |
| 09/24/2023 09/24/23 | Pending | -- | -- | -- |
| 09/21/2023 09/21/23 | For Sale | $675,000 | -- | $255 / 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 |
|---|---|---|---|---|
| 2024 | $7,321 | $508,400 | $255,300 | $253,100 |
| 2023 | $7,119 | $446,600 | $220,000 | $226,600 |
| 2022 | $6,948 | $410,400 | $196,500 | $213,900 |
| 2021 | $7,110 | $407,200 | $176,900 | $230,300 |
| 2020 | $6,524 | $372,800 | $157,300 | $215,500 |
| 2019 | $6,425 | $378,600 | $157,300 | $221,300 |
| 2018 | $6,449 | $365,200 | $137,700 | $227,500 |
| 2017 | $5,973 | $333,300 | $127,900 | $205,400 |
| 2016 | $6,027 | $332,800 | $136,800 | $196,000 |
| 2015 | $5,879 | $322,300 | $129,000 | $193,300 |
| 2014 | $6,296 | $334,200 | $136,100 | $198,100 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Richard
-
Steven Sanchez
Buyer's Agent in 2023
Steven Sanchez
Keller Williams Boston MetroWest
(508) 816-5554
1 in this area
43 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73162374
APN: MEDW-000061-000000-000051
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