NOT LISTED FOR SALE

Estimated Value: $575,923 - $631,000

4 Beds
2 Baths
2,172 Sq Ft
$280/Sq Ft Est. Value

Last Sold July 29, 2015

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

Est. 144% increase in value since last sale

Current estimated payment $3,973/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 Listed By

Joanna King

Champion Real Estate Listed on: 06/01/2015

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
Buyer's Agent
Dina Raneri
Keller Williams Pinnacle MetroWest
List Price
$249,900
Sold Price
$249,900
Total Days on Market
28
Current Estimated Value
$608,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,081
Avg. Annual Appreciation
9.50%
Original Mortgage
$187,425
Outstanding Balance
$149,258
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$459,723

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

Range of Values:

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Average Value
Not Available
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
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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71848160

MLS Property Information Network (MLS PIN)

APN: WORC-000017-000031B-000080