NOT LISTED FOR SALE

Estimated Value: $749,000 - $780,000

9 Beds
3 Baths
5,062 Sq Ft
$152/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $175,000 $35 Per Sq Ft

Est. 339% increase in value since last sale

Current estimated payment $5,181/month

4 Days on Market

About This Home

As of April 2018

BRAND NEW LISTING! Incredible potential for this classic Victorian-style multi-family in the heart of the city. This property has three massive units (1600+ sqft per unit), each consisting of three bedrooms, one bath, dining room, full size kitchen, and a living room with an adjoining sun parlor. To the rear of the main building is a stand alone carriage house with room for three cars, as well as potential for expansion above. Property is conveniently located with access to local hospitals, colleges, parks, as well as the bus line and the highway. Much of the original woodwork remains in good shape, keeping the charm of the original building. The building is in need of work, is being sold AS-IS, and is priced accordingly. Rents for units 1 and 2 are well below market rate. Property will not meet requirements for conventional financing, FHA, VA, or USDA. Call today to view, this property will not last long!

Last Listed By

Rheault Real Est Team

Coldwell Banker Realty - Worcester Listed on: 03/13/2018

Coldwell Banker Realty - Worcester

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,011

Year Built

  • Built in 1890

Lot Details

  • 7,405

Parking

  • 3 Car Garage

Flooring

  • Wood
  • Vinyl

Additional Features

  • Covered Deck
  • Oil Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:09 B:006 L:00018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,011

Year Built

Built in 1890

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 34.55
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Fireplaces: 2
  • Flooring: Wood, Vinyl
  • Total Flrs: 6
  • Total Frplcs: 2
  • No Bedrooms: 9
  • Total Brs: 9
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 18
  • Basement: Y
  • Basement Features: Full
  • Main Lo: K95001
  • Main So: NB2756
  • Estimated Sq Ft: 5062.00

Exterior Features

  • Roof Material: Slate
  • Exterior: Wood
  • Exterior Features: Covered Patio/Deck
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 4
  • Garage Spaces: 3

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Individually Metered, Knob & Tube Wiring
  • Heat Zones: 1
  • Hot Water: Oil

Condo/Co-op/Association

  • Amenities: Public Transportation, Park, Medical Facility, Highway Access, Public School

Lot Info

  • Assessments: 224300.00
  • Acre: 0.17
  • Lot Size: 7591.00
  • Page: 277
  • Parcel Number: M:09 B:006 L:00018
  • Zoning: RG-5
  • Lot Description: Paved Drive, City View(s)

Multi Family

  • Heat Units: 1
  • Total Levels: 3
  • Total Rent: 1500
  • Total Rms: 18
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 4242.00
  • Assessor Parcel Number: 1770757

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2018
Closed on
Apr 13, 2018
Sold by
Gustafson Paul E and Gustafson Kristine L
Bought by
Olisan T
Seller's Agent
Rheault Real Est Team
Coldwell Banker Realty - Worcester
Buyer's Agent
Linda Rankin
Property Investors & Advisors, LLC
List Price
$174,900
Sold Price
$175,000
Premium/Discount to List
$100
0.06%
Total Days on Market
4
Current Estimated Value
$769,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,000

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
Olisan T $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gustafson Kristine L $100,000
Previous Owner Gustafson Paul E $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $175,000 +0.1% $35 / Sq Ft
03/17/2018 03/17/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $174,900 -- $35 / 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 $11,011 $834,800 $97,700 $737,100
2024 $10,109 $735,200 $97,700 $637,500
2023 $9,707 $676,900 $85,000 $591,900
2022 $8,458 $556,100 $68,000 $488,100
2021 $7,647 $469,700 $54,400 $415,300
2020 $7,041 $414,200 $54,000 $360,200
2019 $4,324 $240,200 $47,200 $193,000
2018 $4,242 $224,300 $47,200 $177,100
2017 $3,998 $208,000 $47,200 $160,800
2016 $2,840 $137,800 $33,400 $104,400
2015 $2,766 $137,800 $33,400 $104,400
2014 $2,693 $137,800 $33,400 $104,400
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 72292911

MLS Property Information Network (MLS PIN)

APN: WORC-000009-000006-000018