NOT LISTED FOR SALE

78 W Main St Millbury, MA 01527

Estimated Value: $506,873 - $623,000

6 Beds
3 Baths
2,364 Sq Ft
$239/Sq Ft Est. Value

Last Sold October 07, 2021

Last sale price $395,000 $167 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,562/month

8 Days on Market

About This Home

As of October 2021

Great opportunity for investor or owner occupied . 3 family with 2 bedrooms in each unit . 1st floor is one level unit with basement in back . 2 Units upstairs have 2 floors with bedrooms on 2nd floor . The property was extensively remodeled in 2012. Right upstairs unit was gutted and redesigned . Other units were remodeled and electrical and plumbing were brought to code including landlord meter out front. All work was permitted . Left side wall was rebuilt in 2019. there is a small parking area to the right of building and plenty of on street parking in front. All hot water heaters were replaced in the last 2 years . This is a great value and opportunity to generate income or pay your mortgage while live at property.

Last Agent to Sell the Property

Kevin Brown

The Virtual Realty Group Listed on: 08/03/2021

Last Buyer's Agent

Leonidas Dosreis

Property Investors & Advisors, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,863

Year Built

  • 1880

Lot Details

  • 0.52

Additional Features

  • Property has 1 Level
  • 3 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,863

Year Built

1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: 146 to west main st exit in millbury . follow west main st about 1/2 mile on right
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1880

Interior Features

  • Appliances: Gas Water Heater,Electric Water Heater,Tank Water Heater,Water Heater(Varies Per Unit), Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Has Basement: Partial, Interior Entry, Concrete
  • Total Bathrooms: 3
  • MAIN LO: BB1175
  • LIST PRICE PER Sq Ft: 168.78
  • PRICE PER Sq Ft: 167.09
  • MAIN SO: AN4402
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: Insulated Doors
  • Fireplace: No
  • Flooring: Wood,Laminate, Unit 1(undefined), Unit 2(Wall to Wall Carpet)
  • Interior Amenities: Other (See Remarks), Unit 1(Storage,Bathroom With Tub & Shower,Country Kitchen), Unit 3(Bathroom with Shower Stall), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Stories: 5
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Construction Type: Frame, Brick, Stone
  • Disclosures: Agent Is Part Owner Of Trust, Property Is Sold As-Is . Buyer And Or Buyer Agent Responsible For All Due Diligence And All Information Provided Is Not Guaranteed . Unit 1 Is Vacant Est Rent
  • Lot Features: Wooded, Sloped
  • Patio And Porch Features: Porch, Patio
  • Waterfront: No

Garage/Parking

  • Parking Features: Unpaved
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas)
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • Electric: 220 Volts, Circuit Breakers, Common, Individually Metered
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Unit 1(Washer & Dryer Hookup)
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Public School
  • Senior Community: No

Fee Information

  • Annual Water Sewer Expense: 2500

Lot Info

  • LOT SIZE: 22440
  • PAGE: 302
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 22651.2
  • Zoning: RES

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 2
  • Electric Expense: 240
  • Annual Gross Income: 39600
  • Insurance Expense: 1400
  • Property Net Operating Income: 29600
  • Number Of Units Total: 3
  • Annual Operating Expense: 10000
  • Total Actual Rent: 3300

Tax Info

  • Tax Annual Amount: 4308
  • Tax Book Number: 49310
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2012
Sold by
Kmb Real Estate Llc
Bought by
Kmh Rela T and Kmh Brown
Current Estimated Value
$561,258

Purchase Details

Closed on
May 25, 2010
Sold by
Page Linda L and Wells Fargo Bk
Bought by
Wells Fargo Bk

Purchase Details

Closed on
Oct 1, 2003
Sold by
Finne Angela K
Bought by
Page Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.25%
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
Kmh Rela T -- --
Kmh Rela T -- --
Wells Fargo Bk $161,325 --
Wells Fargo Bk $161,325 --
Page Linda L $240,000 --
Page Linda L $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velasquez-Garcia Wiliam A $387,845
Closed Velasquez-Garcia Wiliam A $387,845
Previous Owner Page Linda L $220,000
Previous Owner Page Linda L $168,000
Previous Owner Finne Angela K $189,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2021 10/07/21 Sold $395,000 -1.0% $167 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $399,000 -- $169 / 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 $5,863 $437,900 $114,700 $323,200
2024 $5,363 $405,400 $106,300 $299,100
2023 $4,985 $345,000 $74,500 $270,500
2022 $4,338 $289,200 $74,500 $214,700
2021 $4,308 $279,200 $74,500 $204,700
2020 $4,219 $275,200 $74,500 $200,700
2019 $4,008 $252,900 $67,700 $185,200
2018 $3,730 $228,300 $67,700 $160,600
2017 $3,403 $207,100 $67,700 $139,400
2016 $3,169 $192,500 $67,700 $124,800
2015 $3,103 $188,500 $72,000 $116,500
2014 $2,970 $173,700 $72,000 $101,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72875510

MLS Property Information Network (MLS PIN)

APN: MILB-000061-000000-000043