NOT LISTED FOR SALE

1 Othello Rd Worcester, MA 01604

Lake Park Neighborhood

Estimated Value: $577,000 - $621,000

4 Beds
2 Baths
2,172 Sq Ft
$276/Sq Ft Est. Value

Last Sold July 29, 2015

Last sale price $249,900 $115 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $3,909/month

28 Days on Market

About This Home

As of July 2015

Turn key 2-family near UMASS Medical Campus and a stone's throw to beautiful Lake Ave Park!! Perfect for either owner-occupied or for an investor who is tired of pouring money into fixer-uppers. Investors take note - this is a fully rented and FULLY APPLIANCED property with great tenants. The location and condition make these apartments easy to rent - on a quiet dead-end street off Lake Ave in Worcester - less than a mile from UMASS Medical School and close to shopping, parks, major routes, and more! This property also features a flat, partially fenced-in backyard, LAUNDRY in BOTH units (newer, stackable washer/dryer units INCLUDED in price), hardwood floors, eat-in kitchens with pantries, built-in china cabinets, fireplaces, enclosed front and back porches lined with knotty pine, parking for 4 cars, updated electrical and plumbing, newer energy-efficient hot water tanks, vinyl replacement windows, large basement for storage, and more! Do NOT miss out on this one.

Last Agent to Sell the Property

Joanna King

Champion Real Estate, Inc. Listed on: 06/01/2015

Last Buyer's Agent

Dina Raneri

Keller Williams Pinnacle MetroWest

Keller Williams Pinnacle MetroWest

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,166

Year Built

1910

Lot Details

0

Listing Details

  • Lot Description: Other (See Remarks)
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Fireplaces: 2
  • Has Basement: Yes
  • Fireplaces: 2
  • Number of Rooms: 10
  • Amenities: Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Highway Access

Exterior Features

  • Exterior: Wood
  • Exterior Features: Porch - Enclosed
  • Foundation: Fieldstone

Garage/Parking

  • Parking: Improved Driveway
  • Parking Spaces: 4

Utilities

  • Hot Water: Electric

Lot Info

  • Assessor Parcel Number: M:17 B:31B L:00080

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2015
Closed on
Jul 29, 2015
Sold by
Palmer Carl A and Palmer Christina E
Bought by
Zhang Nan and Ma Yunsheng
Seller's Agent
Joanna King
Champion Real Estate, Inc.
Buyer's Agent
Dina Raneri
Keller Williams Pinnacle MetroWest
List Price
$249,900
Sold Price
$249,900
Current Estimated Value
$599,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,761
Avg. Annual Appreciation
9.20%
Original Mortgage
$187,425
Outstanding Balance
$149,258
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$450,403

Purchase Details

Closed on
Sep 30, 2008
Sold by
Gardner Maria E
Bought by
Palmer Carl A and Otenti Christina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,320
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zhang Nan $249,900 --
Palmer Carl A $217,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Nan $187,425
Previous Owner Palmer Carl A $174,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2015 07/29/15 Sold $249,900 0.0% $115 / Sq Ft
06/29/2015 06/29/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $249,900 -- $115 / 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 $7,166 $543,300 $99,000 $444,300
2024 $6,795 $494,200 $99,000 $395,200
2023 $6,358 $443,400 $86,100 $357,300
2022 $5,873 $386,100 $68,900 $317,200
2021 $5,060 $310,800 $55,100 $255,700
2020 $4,736 $278,600 $55,100 $223,500
2019 $4,761 $264,500 $49,600 $214,900
2018 $4,652 $246,000 $49,600 $196,400
2017 $4,426 $230,300 $49,600 $180,700
2016 $4,248 $206,100 $36,900 $169,200
2015 $3,386 $168,700 $36,900 $131,800
2014 $3,296 $168,700 $36,900 $131,800
Source: Public Records

Agents Affiliated with this Home

  • Joanna King

    Seller's Agent in 2015

    Joanna King

    Champion Real Estate, Inc.

    (508) 769-4116

    52 Total Sales

    Joanna King
    Section Image

  • D

    Buyer's Agent in 2015

    Dina Raneri

    Keller Williams Pinnacle MetroWest

    (508) 871-7141

    5 Total Sales

    Dina Raneri
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71848160

MLS Property Information Network (MLS PIN)

APN: WORC-000017-000031B-000080

Massachusetts Worcester County Worcester 01604 Lake Park

1 Othello Rd, Worcester, MA

This home is located at 1 Othello Rd, Worcester, MA 01604 since 01 June 2015 and is currently estimated at $599,661, approximately $276 per square foot. This property was built in 1910. 1 Othello Rd is a home located in Worcester County with nearby schools including Jacob Hiatt Magnet School, Chandler Magnet, and Lake View Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Nearby Homes