Seller's Agent in 2023
Richard Ovian
BA Property & Lifestyle Advisors
(508) 852-6363
1 in this area
6 Total Sales
592-594 Main St Shrewsbury, MA 01545
Outlying Shrewsbury Neighborhood
13
Beds
9.5
Baths
6,805
Sq Ft
7,370
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit
- Corner Lot
- Walter J. Paton Elementary School Rated A
- Wood Flooring
- Jogging Path
About This Home
As of October 2023Rare opportunity to acquire a stabilized 10-Unit Building with ample off-street parking in Shrewsbury's center. (5) Studio units, (3) 1-bedroom units, (1) 2-bedroom/ unit and (1) spacious street-level retail unit.(1500 plus sf) All units are renovated to modern standards and fully occupied. Retail unit is a very successful salon and is in their second year. Rents will be furnished to qualified parties before viewing. Rents are being increased on an ongoing basis. Minutes to UMass Medical School, Tufts Veterinary School and major highways. The town of Shrewsbury is an eastern suburb of rapidly developing Worcester and enjoys one of the lowest commercial tax rates of established MA cities. Includes 2700 sf basement with laundry area.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,018
Year Built
- Built in 1971
Lot Details
- 7,370 Sq Ft Lot
- Corner Lot
Home Design
- 6,805 Sq Ft Home
- Brick Foundation
- Frame Construction
- Shingle Roof
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 13 Bedrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 10 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number M:22 B:247000,1675429
Community Details
Overview
- 10 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
- Jogging Path
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2022
Closed on
Oct 2, 2023
Sold by
Bridget M Maunsell Irt and Vona
Bought by
Maunsell Ft and Maunsell
Seller's Agent
Richard Ovian
BA Property & Lifestyle Advisors
Buyer's Agent
Richard Ovian
BA Property & Lifestyle Advisors
List Price
$2,200,000
Sold Price
$1,700,000
Premium/Discount to List
-$500,000
-22.73%
Total Days on Market
304
Views
288
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$788,515
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 20, 2008
Sold by
Maunsell Bridget M
Bought by
Bridget M Maunsell Irt and Maunsell-Fitzgerald
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Maunsell Ft | $1,209,400 | None Available | |
| Maunsell Ft | $1,209,400 | None Available | |
| Maunsell Ft | $1,209,400 | None Available | |
| Bridget M Maunsell Irt | -- | -- | |
| Bridget M Maunsell Irt | -- | -- | |
| Bridget M Maunsell Irt | -- | -- | |
| Maunsell Bridget M | -- | -- | |
| Maunsell Bridget M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Maunsell Ft | $800,000 | |
| Closed | Maunsell Ft | $800,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2023 10/02/23 | Sold | $1,700,000 | -15.0% | $250 / Sq Ft |
| 07/30/2023 07/30/23 | Pending | -- | -- | -- |
| 04/11/2023 04/11/23 | Price Changed | $1,999,999 | -9.1% | $294 / Sq Ft |
| 09/28/2022 09/28/22 | For Sale | $2,200,000 | -- | $323 / 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 | $82 | $683,400 | $167,600 | $515,800 |
| 2024 | $7,932 | $640,700 | $162,700 | $478,000 |
| 2023 | $8,385 | $639,100 | $162,700 | $476,400 |
| 2022 | $9,018 | $639,100 | $162,700 | $476,400 |
| 2021 | $8,430 | $639,100 | $162,700 | $476,400 |
| 2020 | $7,970 | $639,100 | $162,700 | $476,400 |
| 2019 | $7,937 | $631,400 | $155,000 | $476,400 |
| 2018 | $7,845 | $619,700 | $143,300 | $476,400 |
| 2017 | $7,951 | $619,700 | $143,300 | $476,400 |
| 2016 | $8,096 | $622,800 | $123,000 | $499,800 |
| 2015 | $8,221 | $622,800 | $123,000 | $499,800 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Ovian
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73041835
APN: SHRE-000022-000000-247000
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