NOT LISTED FOR SALE

56 Taft St Southbridge, MA 01550

Estimated Value: $518,000 - $558,000

10 Beds
3 Baths
4,122 Sq Ft
$131/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $475,000 $115 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,585/month

6 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • Shops
  • Property is near public transit
  • Jogging Path

About This Home

As of August 2022

INVESTORS! INVESTORS! INVESTORS! This 3 family is already a income producer! 1st and 2nd floor have been completely remodeled, electrical updated all the way to the 3rd floor, updated siding, 4 year old roof, and front and side porches redone. All tenants are month to month. First open house will be held Tuesday 6-21-22 from 5-7pm! Access to all units, basement, and attic. MORE PHOTOS COMING FRIDAY!

Last Agent to Sell the Property

Jaclyn Smith

Coldwell Banker Realty - Worcester Listed on: 06/16/2022

Coldwell Banker Realty - Worcester

Last Buyer's Agent

Elizabeth Champi

Property Investors & Advisors, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,962

Year Built

  • Built in 1923

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 4,122 Sq Ft Home
  • Insulated Windows
  • Unfinished Basement
  • Dirt Floor
  • Plumbed For Ice Maker
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 3 Full Bathrooms

Parking

  • 9 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Separate Meters
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,400
  • Assessor Parcel Number M:0048 B:0160 L:00001,3978864

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Jogging Path

Building Details

  • Net Operating Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,962

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1923
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater, Plumbed For Ice Maker, Utility Connections for Electric Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 10
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Dirt Floor, Unfinished
  • Living Area: 4122
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN2314
  • LIST PRICE PER Sq Ft: 121.06
  • PRICE PER Sq Ft: 115.24
  • MAIN SO: AN6259

Exterior Features

  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Assigned, Paved
  • Total Parking Spaces: 9

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup, Icemaker Connection, Varies per Unit
  • Electric: Individually Metered
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, Public School

Lot Info

  • Parcel Number: M:0048 B:0160 L:00001,3978864
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7841
  • Lot Size Units: Acres
  • PAGE: 208
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4962
  • Tax Book Number: 55393

Multi Family

  • Gross Income: 52800
  • Net Operating Income: 52800
  • Number Of Units Total: 3
  • Total Actual Rent: 4400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2018
Sold by
Ayers Thomas J and Almonte Cristina I
Bought by
56 Taft Street Llc
Current Estimated Value
$540,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 28, 2017
Sold by
56 Taft Street Llc
Bought by
Ayers Thomas J

Purchase Details

Closed on
Sep 21, 2016
Sold by
Ayers Thomas and Almonte Christina I
Bought by
56 Taft Street Llc

Purchase Details

Closed on
May 18, 1998
Sold by
Lavallee Francis and Lavallee Marie A
Bought by
Desrosiers Janice M and Traficante Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
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
56 Taft Street Llc -- --
56 Taft Street Llc -- --
Ayers Thomas J -- --
Ayers Thomas J -- --
56 Taft Street Llc -- --
56 Taft Street Llc -- --
Desrosiers Janice M $90,000 --
Desrosiers Janice M $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liriano Mark $466,396
Closed Liriano Mark $466,396
Closed 56 Taft Street Llc $180,000
Previous Owner Ayers Thomas J $75,000
Previous Owner Desrosiers Janice M $56,000
Previous Owner Desrosiers Janice M $40,000
Previous Owner Lavallee Francis R $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $475,000 -4.8% $115 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $499,000 +299.2% $121 / Sq Ft
05/27/2016 05/27/16 Sold $125,000 -7.3% $31 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
04/21/2016 04/21/16 For Sale $134,900 -- $33 / 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 $6,898 $470,500 $33,700 $436,800
2024 $6,403 $419,600 $28,100 $391,500
2023 $5,154 $325,400 $28,100 $297,300
2022 $4,962 $277,200 $24,000 $253,200
2021 $4,967 $255,500 $24,000 $231,500
2020 $4,673 $239,900 $24,000 $215,900
2018 $3,353 $161,600 $21,300 $140,300
2017 $3,242 $157,600 $21,300 $136,300
2016 $2,959 $146,400 $21,300 $125,100
2015 $3,019 $148,300 $21,300 $127,000
2014 $2,913 $148,300 $21,300 $127,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72999436

MLS Property Information Network (MLS PIN)

APN: SBRI-000048-000160-000001