109 Lovell St Worcester, MA 01603
Columbus Park NeighborhoodEstimated Value: $582,164 - $685,000
8
Beds
3
Baths
3,232
Sq Ft
$200/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Porch
- Shops
- Wood Flooring
- Cooling Available
- Heating Available
About This Home
As of April 2022Excellent opportunity to purchase this fully occupied three family home in Worcester! Recently remodeled Three bed units on 1st and 2nd floor. 2bed unit on third floor. Property is fully rented. All TAW with opportunity to increase rents. Recent improvements include asphalt shingle Roof, 2nd floor windows, 2 water heaters, and 1 boiler. All Separate utilities, tenants pay heat and electric. Forced hot air heating. Separate Electrical panel for each unit. Off Street parking space for each unit. Washer Dryer Hook ups in basement. Located only a few minutes away from Worcester State University. Easy access to Rtes 9, 12, 122 and 290. Come, make this your next investment home in Worcester!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,112
Year Built
- Built in 1895
Lot Details
- 5,663
Home Design
- Stone Foundation
- Shingle Roof
- Stone
Interior Spaces
- 3,232 Sq Ft Home
- Wood Flooring
- Basement Fills Entire Space Under The House
- Washer Hookup
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Parking
- 3 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Utilities
- Cooling Available
- Heating Available
- Gas Water Heater
Additional Features
- Porch
- 5,663 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $3,450
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:14 B:016 L:00051,1776019
Community Details
Overview
- 3 Units
- Property has 1 Level
Additional Features
- Shops
- Net Operating Income $41,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 7, 2022
Closed on
Mar 31, 2022
Sold by
Jimenez Juan C
Bought by
Vargas-Mesa Jesus A and Barcacel Anibel
Seller's Agent
Steven Bracero
Vanderbilt Properties, LLC
Buyer's Agent
Jeffrey Brooks
Coldwell Banker Realty - Worcester
List Price
$499,900
Sold Price
$519,150
Premium/Discount to List
$19,250
3.85%
Total Days on Market
13
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
$127,141
Avg. Annual Appreciation
8.34%
Original Mortgage
$415,320
Outstanding Balance
$394,872
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$272,293
Purchase Details
Listed on
May 4, 2018
Closed on
Jul 24, 2018
Sold by
Art Investments Llc
Bought by
Jimenez Juan C
Seller's Agent
Tom Chan
Central Real Estate
Buyer's Agent
Al DeSouza
First Option Properties Inc.
List Price
$299,998
Sold Price
$305,000
Premium/Discount to List
$5,002
1.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.50%
Original Mortgage
$279,303
Interest Rate
4.12%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 25, 2017
Sold by
Chan Richard and Chan Albert
Bought by
Art Investments Llc
Purchase Details
Closed on
Oct 13, 2016
Sold by
Mui Jean S
Bought by
Chan Richard and Tan Regina
Purchase Details
Closed on
Nov 3, 2008
Sold by
Countrywide Gp Llc
Bought by
Mui Jean S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 8, 2008
Sold by
Williams-Reid Beverly and Bank Of New York
Bought by
Bank Of New York
Purchase Details
Closed on
Jun 20, 2006
Sold by
Adjei Andrew
Bought by
Williams-Reid Beverly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,310
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 1, 1999
Sold by
Lariviere Richard J
Bought by
Adjei Andrew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,933
Interest Rate
7.86%
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
Similar Homes in Worcester, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vargas-Mesa Jesus A | $519,150 | None Available | |
| Jimenez Juan C | $305,000 | -- | |
| Art Investments Llc | -- | -- | |
| Chan Richard | $140,000 | -- | |
| Mui Jean S | $140,000 | -- | |
| Bank Of New York | $252,000 | -- | |
| Williams-Reid Beverly | $295,900 | -- | |
| Adjei Andrew | $97,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vargas-Mesa Jesus A | $415,320 | |
| Previous Owner | Jimenez Juan C | $279,303 | |
| Previous Owner | Mui Jean S | $102,331 | |
| Previous Owner | Mui Jean S | $105,000 | |
| Previous Owner | Williams-Reid Beverly | $266,310 | |
| Previous Owner | Adjei Andrew | $207,000 | |
| Previous Owner | Adjei Andrew | $203,000 | |
| Previous Owner | Adjei Andrew | $96,933 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2022 04/01/22 | Sold | $519,150 | +3.9% | $161 / Sq Ft |
| 02/21/2022 02/21/22 | Pending | -- | -- | -- |
| 02/07/2022 02/07/22 | For Sale | $499,900 | +63.9% | $155 / Sq Ft |
| 07/24/2018 07/24/18 | Sold | $305,000 | +1.7% | $94 / Sq Ft |
| 05/17/2018 05/17/18 | Pending | -- | -- | -- |
| 05/04/2018 05/04/18 | For Sale | $299,998 | -- | $93 / 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 | $7,870 | $596,700 | $87,700 | $509,000 |
| 2024 | $7,659 | $557,000 | $87,700 | $469,300 |
| 2023 | $7,090 | $494,400 | $76,200 | $418,200 |
| 2022 | $5,962 | $392,000 | $61,000 | $331,000 |
| 2021 | $5,112 | $314,000 | $48,800 | $265,200 |
| 2020 | $4,779 | $281,100 | $48,400 | $232,700 |
| 2019 | $4,073 | $226,300 | $42,300 | $184,000 |
| 2018 | $4,134 | $218,600 | $42,300 | $176,300 |
| 2017 | $3,919 | $203,900 | $42,300 | $161,600 |
| 2016 | $3,811 | $184,900 | $31,000 | $153,900 |
| 2015 | $3,711 | $184,900 | $31,000 | $153,900 |
| 2014 | $3,613 | $184,900 | $31,000 | $153,900 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Bracero
Seller's Agent in 2022
Steven Bracero
Vanderbilt Properties, LLC
(774) 232-2526
1 in this area
50 Total Sales
-
Jeffrey Brooks
Buyer's Agent in 2022
Jeffrey Brooks
Coldwell Banker Realty - Worcester
(508) 943-8755
1 in this area
64 Total Sales
-
Tom Chan
T
Seller's Agent in 2018
Tom Chan
Central Real Estate
16 Total Sales
-
Al DeSouza
A
Buyer's Agent in 2018
Al DeSouza
First Option Properties Inc.
(978) 821-5604
36 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72940167
APN: WORC-000014-000016-000051
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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