Seller's Agent in 2022
Ethan Forrest
The Aland Realty Group LLC
(978) 239-6418
1 in this area
68 Total Sales
85 S Main St Millbury, MA 01527
Armory Village NeighborhoodEstimated Value: $397,000 - $490,999
8
Beds
3
Baths
4,515
Sq Ft
$96/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Spa
- Granite Flooring
- Medical Services
- Scenic Views
- Waterfront
About This Home
As of May 2022Updated and fully tenanted 3-family in great downtown Millbury location! Just minutes to Bars, Restaurants, Movie Theater, Shops, Grocery Stores and MAJOR HIGHWAYS! Short distance to Worcester and 45 minutes to Boston. This updated multi-family property currently has below-market rents with major upside potential. Do NOTHING! All units have long-term tenants on TAW. One unit could be vacated for new owner. Each unit is separately metered, has ample storage space and comes with multiple off-street parking spots. A dream property for owner-occupants or seasoned investors. ProForma attached. Showings begin on Sunday, please do not disrupt the current tenants. Pre-Approval or Proof of Funds is required to view the units. Showings on SUNDAY BY APPOINTMENT ONLY. Sellers will review any and all offers Monday at 2:00 PM.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,875
Year Built
- Built in 1900 | Remodeled
Lot Details
- 0.33 Acre Lot
- Waterfront
- Level Lot
- Cleared Lot
- Garden
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,515 Sq Ft Home
- Property has 1 Level
- Wood Burning Fireplace
- Storage
- Washer and Dryer Hookup
- Scenic Vista Views
- Unfinished Basement
- Block Basement Construction
Flooring
- Carpet
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
- Whirlpool Bathtub
Parking
- 10 Car Parking Spaces
- Shared Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Spa
- Deck
- Patio
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling Available
- Heating Available
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $3,850
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:045 B:0000027 L:
Community Details
Overview
- 3 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
Building Details
- Electric Expense $448
- Insurance Expense $3,000
- Water Sewer Expense $1,782
- Operating Expense $10,401
- Net Operating Income $35,799
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 13, 2004
Sold by
Devoe William J and Devoe Evelyn R
Bought by
Erikson Sandra A and Hamilton Susan M
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Erikson Sandra A | -- | -- | |
| Erikson Sandra A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Erikson Sandra A | $30,000 | |
| Previous Owner | Erikson Sandra A | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2022 05/20/22 | Sold | $606,000 | +10.2% | $134 / Sq Ft |
| 03/21/2022 03/21/22 | Pending | -- | -- | -- |
| 03/16/2022 03/16/22 | For Sale | $549,900 | -- | $122 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $4,602 | $343,700 | $111,500 | $232,200 |
| 2024 | $4,226 | $319,400 | $103,300 | $216,100 |
| 2023 | $3,956 | $273,800 | $72,500 | $201,300 |
| 2022 | $3,882 | $258,800 | $72,500 | $186,300 |
| 2021 | $3,807 | $246,700 | $72,500 | $174,200 |
| 2020 | $3,690 | $240,700 | $72,500 | $168,200 |
| 2019 | $3,650 | $230,300 | $65,800 | $164,500 |
| 2018 | $3,585 | $219,400 | $65,800 | $153,600 |
| 2017 | $3,209 | $195,300 | $65,800 | $129,500 |
| 2016 | $2,964 | $180,100 | $65,800 | $114,300 |
| 2015 | $2,986 | $181,400 | $70,000 | $111,400 |
| 2014 | $3,022 | $176,700 | $70,000 | $106,700 |
Source: Public Records
Agents Affiliated with this Home
-
Ethan Forrest
-
Mark Balestracci
Buyer's Agent in 2022
Mark Balestracci
Lamacchia Realty, Inc.
(508) 615-8091
3 in this area
439 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72952993
APN: MILB-000063-000000-000117
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