NOT LISTED FOR SALE

61 Exchange St Milford, MA 01757

Estimated Value: $480,290 - $576,000

3 Beds
2 Baths
2,464 Sq Ft
$208/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $215,000 $87 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $3,214/month

124 Days on Market

About This Home

As of September 2020

Highest and best use! Come bring your vision to this well maintained corner lot building which has been used as a law office for the past 40 years. 2 separate units with individually metered electric and separate entrances. This could be the perfect opportunity for anyone with a home based business, or convert it into a large single or multi-family home. The 2nd floor has a large open concept room with cathedral ceilings, both units have good sized bedrooms and 1/2 bath/kitchenette and the 2nd floor unit has a finished 3rd floor loft area. Many updates over the years include a roof, electric, boiler, Mitsubishi split system in upstairs unit, most windows replaced with Harvey vinyl, hot water baseboard heat on all 3 levels with natural gas as the heat source. Living area may not include the finished space in the walk up loft area. On street parking, and public parking within 500 feet directly down the street. Sold strictly "AS IS" Convenient location that is close to everything.

Last Agent to Sell the Property

Kim Poirier

ERA Key Realty Services- Milf Listed on: 03/12/2020

ERA Key Realty Services- Milf

Co-Listed By

Victor Rosas

ERA Key Realty Services- Milf

ERA Key Realty Services- Milf

Last Buyer's Agent

Victor Rosas

ERA Key Realty Services- Milf

ERA Key Realty Services- Milf

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,055

Year Built

  • Built in 1850

Lot Details

  • 1,307

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:48 B:000 L:580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,055

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.50
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 105.48
  • Comp Based On: Net Sale Price
  • Year Built: 1850
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1850

Interior Features

  • Flooring: Varies Per Unit
  • Total Flrs: 3
  • No Bedrooms: 3
  • Total Brs: 3
  • Half Bathrooms: 2
  • Total Hbh: 2
  • No Rooms: 8
  • Basement: Y
  • Basement Features: Partial
  • Main Lo: K95310
  • Main So: K95310
  • Estimated Sq Ft: 2464.00

Exterior Features

  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard
  • Exterior Features: Varies per Unit
  • Foundation: Fieldstone, Brick

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling Zones: 2
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Cooling Units: 2

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, House of Worship, Public School

Lot Info

  • Assessments: 170000.00
  • Acre: 0.03
  • Lot Size: 1202.00
  • Parcel Number: M:48 B:000 L:580
  • Zoning: OR
  • Lot Description: Corner

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • Heat Units: 1
  • Total Levels: 3
  • Total Rent: 2900
  • Total Rms: 8
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 5065.00
  • Assessor Parcel Number: 1618025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Sep 21, 2020
Sold by
Heller Warren S
Bought by
Carige Llc
Seller's Agent
Kim Poirier
ERA Key Realty Services- Milf
Buyer's Agent
Victor Rosas
ERA Key Realty Services- Milf
List Price
$259,900
Sold Price
$215,000
Premium/Discount to List
-$44,900
-17.28%
Current Estimated Value
$513,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,573
Avg. Annual Appreciation
19.95%
Original Mortgage
$220,000
Outstanding Balance
$197,547
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$331,540

Purchase Details

Closed on
Sep 15, 1978
Bought by
Heller Warren S
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
Carige Llc $215,000 Metropolitan Title Agency
Heller Warren S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carige Llc $220,000
Previous Owner Heller Warren S $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2020 09/21/20 Sold $215,000 -17.3% $87 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $259,900 -- $105 / 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 $5,055 $394,900 $48,600 $346,300
2024 $4,818 $362,500 $46,800 $315,700
2023 $4,709 $325,900 $34,500 $291,400
2022 $4,437 $288,300 $30,000 $258,300
2021 $2,833 $177,300 $30,000 $147,300
2020 $5,065 $170,900 $30,000 $140,900
2019 $5,145 $166,600 $30,000 $136,600
2018 $4,895 $157,600 $21,000 $136,600
2017 $4,794 $157,600 $21,000 $136,600
2016 $4,660 $157,600 $21,000 $136,600
2015 $4,817 $159,200 $21,000 $138,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72633097

MLS Property Information Network (MLS PIN)

APN: MILF-000048-000000-000580