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531 Summer St, Barre, MA, 01005

2beds
3baths
2,347sqft
$399,900
$170price/sqft
$3,095/moest. monthly cost
$123,800/yrincome needed

About This Home

LOOKING FOR INVESTMENT? Opportunity Knocks! WHAT A LOCATION!!! OFFERING MUCH OFF-STREET PARKING! TOTAL 4 UNITS! Conforming zoned MIXED USE~ 2 Commercial rental units: a 3 room "office" suite & "food window" service on the 1st floor. 2 Residential apt units on the2nd floor. 1st flr office has a lease agreement to 6-31-27 and includes heat, hot water & electric. The food service window has metered electric, 3 bowl scullery system installed in 2018 TAW and both res units on the 2nd flr are TAW's, separate utilities, legal egresses. 2 Stoves, 2 refrigerators, scullery sink unit are landlord owned and will remain with building. A common half bath on the 1st floor has a tenant shared coin-op laundry. Low maintenance vinyl siding. Water/Sewer. Roof done in 2016. Secured building. Lots of off-street parking. Close to shopping, grocery's, banks, restaurant's, schools, Felton Field & more! Conveniently commuter friendly with frontage on Summer St & Valley Rd.

Getting Around

38
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

6/10
Ruggles Lane SchoolGrades PK-51.4 mi
3/10
5/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 Family - 2 Units Side by Side

Interior

Appliances

  • Appliances included: Washer,Dryer,Range,Refrigerator
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access,Interior Entry,Concrete,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Storage,Laundry Room,Mudroom,Open Floorplan,Living Room,Kitchen,Office/Den
  • Window features: Picture Window
  • Flooring: Vinyl,Varies,Laminate,Hardwood,Pine,Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,347

Heating & Cooling

  • Heating features: Oil
  • Cooling features: None

Interior Area

  • Total structure area: 2,347
  • Total interior livable area: 2,347 sqft

Property

Details

  • Parcel number: M:00EA B:0029 L:,3644560
  • Zoning: TBD
  • Foundation area: 1080

Features

  • Patio & porch: Porch,Deck - Wood
  • Exterior features: Balcony/Deck,Rain Gutters,Stone Wall

Lot

  • Lot size: 0.36 Acres

Parking

  • Total spaces: 15
  • Parking features: Paved Drive,Off Street,Paved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 15

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Hurricane
Inland Flooding
Ice Storm
Lightning
Strong Wind

FEMA Declared Disasters Across Massachusetts Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,022$24,264
Home Insurance *$163$1,956
Property Taxes $448$5,376
Electricity $462$5,553
Total$3,095$37,140
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$106,114/yr
40% on housing$92,850/yr
45% on housing$82,533/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$170This listing

vs Other Active Listings

Avg $/sqft

ZIP 01005$172
Worcester County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 01005$239
Worcester County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Price change$399,900
2026-07-07Listed for sale$405,000
2024-12-02Listing removed$399,900
2024-09-20Listed for sale$399,900
2019-04-18Sold$190,000
2019-01-15Listing removed$195,000
2019-01-07Price change$195,000
2018-11-05Price change$205,000
2018-10-22Price change$215,000
2018-10-05Price change$240,000
2018-08-13Listed for sale$250,000
2017-07-05Listing removed$245,000
2017-06-01Price change$245,000
2017-04-01Price change$250,000
2017-01-25Listed for sale$265,000
2014-06-06Sold$165,000

For Sale by Agent

AgentDonna Warfield
BrokerageRE/MAX Vision

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