Z
Seller's Agent in 2024
ZhiChao Chen
Space Realty
108 Pilgrim Ave Worcester, MA 01604
Grafton Hill NeighborhoodEstimated Value: $596,000 - $736,000
7
Beds
3
Baths
2,808
Sq Ft
$244/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Storm Windows
- 1 Car Garage
- Porch
About This Home
As of October 2024Location! Location! Location! A fantastic investment opportunity. Each of the 3 units is equipped with a new hot water tank, and the property currently generates a solid $5,400 monthly rental income, with potential for higher returns. Set on a 6,000 sq.ft. lot with 2,208 sq.ft. of living space, it provides ample room for tenants. With plenty of parking on a quiet one-way street and a solid condition.making it perfect for investors looking to maximize cash flow. The generous number of rooms and bedrooms allows for flexible rental options, increasing potential rental income. This property is low-maintenance and ready for new ownership. The size and layout make it perfect for families or groups, further enhancing its rental appeal. Whether you're an experienced investor or new to real estate, this property presents a fantastic opportunity to build wealth through cash flow and property appreciation. Don’t miss out on securing an investment in a thriving area with solid growth potential!
Last Agent to Sell the Property
ZhiChao Chen
Space Realty Listed on: 09/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,198
Year Built
- Built in 1965
Lot Details
- 6,000
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,808 Sq Ft Home
- Insulated Windows
- Storm Windows
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Garage Access
Additional Features
- Porch
- 6,000 Sq Ft Lot
- 3 Heating Zones
Listing and Financial Details
- Total Actual Rent $5,400
- Assessor Parcel Number M:18 B:014 L:00023,1780430
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Insurance Expense $2,600
- Water Sewer Expense $1,500
- Operating Expense $4,100
- Net Operating Income $60,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 9, 2022
Closed on
Mar 30, 2022
Sold by
Acevedo Jessica
Bought by
Zhu Lixin and Qian Yichen
Seller's Agent
Janet Parent
Parent Real Estate
Buyer's Agent
ZhiChao Chen
Space Realty
List Price
$475,000
Sold Price
$550,000
Premium/Discount to List
$75,000
15.79%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,519
Avg. Annual Appreciation
5.98%
Original Mortgage
$412,500
Outstanding Balance
$381,044
Interest Rate
3.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$305,475
Purchase Details
Closed on
Jan 14, 2010
Sold by
Norbert Gaudette T and Norbert Mancini
Bought by
Acevedo Jessica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,739
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 19, 2009
Sold by
Norbert L Gaudette T L and Norbert Mancini
Bought by
Acevedo Jessica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,739
Interest Rate
5.19%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zhu Lixin | $550,000 | None Available | |
| Acevedo Jessica | $180,000 | -- | |
| Acevedo Jessica | $180,000 | -- | |
| Acevedo Jessica | $180,000 | -- | |
| Acevedo Jessica | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zhu Lixin | $412,500 | |
| Previous Owner | Acevedo Jessica | $176,739 | |
| Previous Owner | Acevedo Jessica | $176,739 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $685,000 | +5.5% | $244 / Sq Ft | |
| 10/01/2024 10/01/24 | Pending | -- | -- | -- | |
| 09/19/2024 09/19/24 | For Sale | $649,000 | +18.0% | $231 / Sq Ft | |
| 03/30/2022 03/30/22 | Sold | $550,000 | +15.8% | $249 / Sq Ft | View Prior Sale |
| 02/15/2022 02/15/22 | Pending | -- | -- | -- | |
| 02/09/2022 02/09/22 | For Sale | $475,000 | -- | $215 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $7,289 | $552,600 | $107,900 | $444,700 |
| 2024 | $7,198 | $523,500 | $107,900 | $415,600 |
| 2023 | $6,659 | $464,400 | $93,800 | $370,600 |
| 2022 | $5,979 | $393,100 | $75,100 | $318,000 |
| 2021 | $5,104 | $313,500 | $60,100 | $253,400 |
| 2020 | $4,928 | $289,900 | $60,100 | $229,800 |
| 2019 | $4,311 | $239,500 | $54,000 | $185,500 |
| 2018 | $4,385 | $231,900 | $54,000 | $177,900 |
| 2017 | $4,173 | $217,100 | $54,000 | $163,100 |
| 2016 | $4,048 | $196,400 | $40,900 | $155,500 |
| 2015 | $3,942 | $196,400 | $40,900 | $155,500 |
| 2014 | $3,838 | $196,400 | $40,900 | $155,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
Peter Costa
P
Buyer's Agent in 2024
Peter Costa
Spencer Home Realty
(617) 290-2795
1 in this area
29 Total Sales
-
Janet Parent
Seller's Agent in 2022
Janet Parent
Parent Real Estate
(774) 239-4017
1 in this area
22 Total Sales
-
Michael Parent
Seller Co-Listing Agent in 2022
Michael Parent
Parent Real Estate
(774) 239-4010
1 in this area
22 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73292311
APN: WORC-000018-000014-000023
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.
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.
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