NOT LISTED FOR SALE

585 Main St Southbridge, MA 01550

Estimated Value: $338,747 - $356,000

6 Beds
2 Baths
2,980 Sq Ft
$117/Sq Ft Est. Value

Last Sold March 04, 2024

Last sale price $370,000 $124 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,197/month

69 Days on Market

About This Home

As of March 2024

Second floor unit just finished a new glorious rehab. Ready for owner occupant to move in. Numbers will work for investor. Great First floor tenant has been there for 6 years. Section 8 pays 100% (time for an increase).Priced below median sale price ($425K) for quick sale. Roof 7 years old. Priced at $153 per sq ft below $166 per sq ft is the average market sale price for 6&6 two family properties.

Last Agent to Sell the Property

Mark DiFranco

DiFranco Realty Listed on: 12/11/2023

Last Buyer's Agent

Rebecca Huang

East West Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,459

Year Built

  • Built in 1915

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 2,980 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Community Details

  • 2 Units
  • Net Operating Income $14,400

Listing and Financial Details

  • Total Actual Rent $1,200
  • Assessor Parcel Number M:0048 B:0239 L:00001,3978939

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,459

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1915
  • Buyer Agency: 2.5
  • Sub Agent Compensation: 2.5
  • Transaction Broker: 2.5
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Living Area: 2980
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: M60000
  • LIST PRICE PER Sq Ft: 127.48
  • PRICE PER Sq Ft: 124.16
  • MAIN SO: AN2376

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0048 B:0239 L:00001,3978939
  • Zoning: GB
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3920
  • Lot Size Units: Acres
  • PAGE: 52
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3459
  • Tax Book Number: 48357

Multi Family

  • Gross Income: 14400
  • Net Operating Income: 14400
  • Number Of Units Total: 2
  • Total Actual Rent: 1200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2011
Sold by
Us Bank Na
Bought by
Eh Pooled 811 Lp
Current Estimated Value
$349,937

Purchase Details

Closed on
Apr 7, 2010
Sold by
Souffrant Marc A and Barclays Capital Re In
Bought by
Us Bk

Purchase Details

Closed on
Jun 19, 2006
Sold by
Rocray David and Thomas Lurena
Bought by
Souffrant Marc A and Souffrant Marie Ginette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,250
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2004
Sold by
Poulin Michael A
Bought by
Rocray David and Thomas Lurena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,425
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
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
Eh Pooled 811 Lp $23,000 --
Eh Pooled 811 Lp $23,000 --
Us Bk $85,000 --
Us Bk $85,000 --
Souffrant Marc A $185,000 --
Souffrant Marc A $185,000 --
Rocray David $169,900 --
Rocray David $169,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Souffrant Marc A $157,250
Previous Owner Rocray David $127,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2024 03/04/24 Sold $370,000 -2.6% $124 / Sq Ft
02/19/2024 02/19/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $379,900 0.0% $127 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
01/04/2024 01/04/24 Price Changed $379,900 +15.2% $127 / Sq Ft
12/11/2023 12/11/23 For Sale $329,900 -- $111 / 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 $4,021 $274,300 $23,000 $251,300
2024 $3,713 $243,300 $11,500 $231,800
2023 $3,459 $218,400 $11,500 $206,900
2022 $3,254 $181,800 $9,800 $172,000
2021 $2,825 $145,300 $9,800 $135,500
2020 $2,583 $132,600 $9,800 $122,800
2018 $2,507 $120,800 $14,200 $106,600
2017 $1,829 $88,900 $14,200 $74,700
2016 $1,200 $59,400 $14,200 $45,200
2015 $1,232 $60,500 $15,300 $45,200
2014 $1,257 $64,000 $15,300 $48,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73186532

MLS Property Information Network (MLS PIN)

APN: SBRI-000048-000239-000001