Seller's Agent in 2022
ZhiChao Chen
Space Realty
(917) 376-6662
1 in this area
160 Total Sales
123A Lake Ave Worcester, MA 01604
Lake Park NeighborhoodEstimated Value: $442,327 - $582,000
4
Beds
2
Baths
1,728
Sq Ft
$306/Sq Ft
Est. Value
Highlights
- Waterfront
- Laundry Room
- 5-minute walk to Lakeview Playground
- Wood Flooring
About This Home
As of June 2022Investor AND homeowner alert! Truly a hidden gem near Umass Medical School. This two-family property features a precious lake view with NO flood insurance. It is a solid income generator property--Unit 1 has 1 bedroom and 1 bathroom, and unit 2 has three bedrooms and 1 bathroom. Both units feature open floor plans, making the property ideal for a modern living style. It is a perfect alternative to condos and townhouses with low taxes and maintenance. This property is a must-see with a 2015 updated roof and kitchen appliances. Hardwood floors were installed throughout the house. Located right on Lake Ave, making commute convenient. Easy access to fishing, swimming, and walking/jogging path. Open house on 4/23 and 4/24 from Noon to 2 pm. All offers are due on Monday 3 PM
Last Buyer's Agent
Milan Gurung
RE/MAX Andrew Realty Services
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,239
Year Built
- Built in 1940
Lot Details
- 2,614 Sq Ft Lot
- Waterfront
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,728 Sq Ft Home
- Property has 1 Level
- Wood Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Utilities
- 220 Volts
- 110 Volts
Community Details
- 2 Units
- Net Operating Income $38,400
Listing and Financial Details
- Total Actual Rent $3,200
- Rent includes unit 1(water)
- Legal Lot and Block 00031 / 001
- Assessor Parcel Number 1778760
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 30, 2014
Sold by
Nutile Tony
Bought by
Fang Sibo
Current Estimated Value
Purchase Details
Closed on
Mar 8, 1988
Sold by
Miller Catherine M
Bought by
Gallo Robert J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
10.35%
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 |
|---|---|---|---|
| Fang Sibo | $168,000 | -- | |
| Gallo Robert J | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gurung Milan | $300,000 | |
| Previous Owner | Gallo Robert J | $100,000 | |
| Previous Owner | Gallo Robert J | $104,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/15/2022 06/15/22 | Sold | $425,000 | -15.0% | $246 / Sq Ft |
| 04/24/2022 04/24/22 | Pending | -- | -- | -- |
| 04/22/2022 04/22/22 | For Sale | $499,900 | -- | $289 / 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 | $4,909 | $372,200 | $69,600 | $302,600 |
| 2024 | $4,659 | $338,800 | $69,600 | $269,200 |
| 2023 | $4,586 | $319,800 | $59,400 | $260,400 |
| 2022 | $4,239 | $278,700 | $47,500 | $231,200 |
| 2021 | $3,801 | $233,500 | $38,000 | $195,500 |
| 2020 | $3,363 | $197,800 | $37,900 | $159,900 |
| 2019 | $3,449 | $191,600 | $37,800 | $153,800 |
| 2018 | $3,374 | $178,400 | $37,800 | $140,600 |
| 2017 | $3,214 | $167,200 | $37,800 | $129,400 |
| 2016 | $3,293 | $159,800 | $33,600 | $126,200 |
| 2015 | $2,786 | $138,800 | $33,600 | $105,200 |
| 2014 | $2,712 | $138,800 | $33,600 | $105,200 |
Source: Public Records
Agents Affiliated with this Home
-
ZhiChao Chen
-
Buyer's Agent in 2022
Milan Gurung
RE/MAX
(857) 373-9686
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72970298
APN: WORC-000017-000001-000031
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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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