NOT LISTED FOR SALE

Estimated Value: $462,000 - $614,000

7 Beds
2.5 Baths
3,191 Sq Ft
$163/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $310,000 $97 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,189/month

13 Days on Market

About This Home

As of September 2021

Welcome to 78 Mill St located in the historic town of New Bedford. This 2 family home features a 2 bedroom unit on the first floor with in-unit laundry hookup. The second floor boasts a cottage set-up, 5 bedroom, 1.5 bathroom unit with large eat-in kitchen. This home also offer enough off-street parking for 3 cars. Conveniently located to all major highways, Downtown New Bedford, Whales Tooth parking lot, Martha's Vineyard and Nantucket ferry services, the waterfront and so much more!

Last Agent to Sell the Property

Sarah Korolnek

Milbury and Company Listed on: 06/18/2021

Last Buyer's Agent

Chris Galavotti

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,550

Year Built

  • Built in 1877

Lot Details

  • 3,049 Sq Ft Lot
  • Cleared Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 3,191 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms

Parking

  • 3 Car Parking Spaces
  • Off-Street Parking

Utilities

  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $24,600

Listing and Financial Details

  • Total Actual Rent $2,050
  • Assessor Parcel Number M:0058 L:0422,2893274

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,550

Year Built

Built in 1877

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1877
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 0%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 7
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Basement: Full
  • Living Area: 3191
  • Stories Total: 3
  • MAIN LO: A95340
  • LIST PRICE PER Sq Ft: 97.12
  • PRICE PER Sq Ft: 97.15
  • MAIN SO: FR0227

Exterior Features

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

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: M:0058 L:0422,2893274
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3049.2
  • Lot Size Units: Acres
  • LOT SIZE: 2958
  • PAGE: 154

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3550
  • Tax Book Number: 10271

Multi Family

  • Gross Income: 24600
  • Net Operating Income: 24600
  • Number Of Units Total: 2
  • Total Actual Rent: 2050
  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2024
Sold by
Garcia-Torres Jennifer and Torres-Tevenal Ilena
Bought by
Garcia-Torres Jennifer and Schneider Michael
Current Estimated Value
$520,861

Purchase Details

Closed on
Apr 7, 2003
Sold by
Nguyen Tiep
Bought by
French David A and French Wendy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,600
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 1992
Sold by
Keating Alan J and Keating Barbara J
Bought by
Nguyen Tiep
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
Garcia-Torres Jennifer -- None Available
Garcia-Torres Jennifer -- None Available
French David A $192,900 --
French David A $192,900 --
Nguyen Tiep $73,000 --
Nguyen Tiep $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia-Torres Jennifer $304,385
Previous Owner Nguyen Tiep $60,000
Previous Owner Nguyen Tiep $173,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2021 09/03/21 Sold $310,000 0.0% $97 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $309,900 +287.4% $97 / Sq Ft
01/20/2012 01/20/12 Sold $80,000 -19.9% $25 / Sq Ft
12/21/2011 12/21/11 Pending -- -- --
11/21/2011 11/21/11 For Sale $99,900 -- $31 / 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 $4,963 $438,800 $82,400 $356,400
2024 $4,217 $351,400 $70,300 $281,100
2023 $3,938 $275,600 $58,900 $216,700
2022 $3,512 $226,000 $53,900 $172,100
2021 $3,523 $226,000 $53,900 $172,100
2020 $3,550 $219,700 $53,900 $165,800
2019 $3,450 $209,500 $53,900 $155,600
2018 $3,146 $189,200 $53,900 $135,300
2017 $2,832 $169,700 $53,900 $115,800
2016 $2,713 $164,500 $53,900 $110,600
2015 $2,528 $160,700 $53,900 $106,800
2014 $2,445 $161,300 $53,900 $107,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72852613

MLS Property Information Network (MLS PIN)

APN: NEWB-000058-000000-000422