127 Institute Rd Worcester, MA 01602
Salisbury Street Neighborhood
7
Beds
3.5
Baths
4,680
Sq Ft
6,035
Sq Ft Lot
Highlights
- Medical Services
- Wood Flooring
- Mud Room
- Property is near public transit
- Corner Lot
- 4-minute walk to Elm Park
About This Home
As of November 2024***MULTIPLE OFFERS- HIGHEST AND BEST, WED JULY 3RD @ 5PM***NEW LISTING***INVESTORS TAKE NOTE!!****PRIME LOCATION WITH HIGH VISIBILITY AND EASY HIGHWAY ACCESS ***CORNER OF PARK AVE AND INSTITUTE***LOCAL BUSINESS OPERATED FOR MORE THAN 50 YEARS ON THE FIRST FLOOR** GREAT SPACE WITH LOTS OF POTENTIAL AND LARGE RENTAL UNITS ON THE SECOND & THIRD FLOOR FOR ADDED INCOME*** THE SECOND FLOOR FEATURES 4 BEDROOMS, LARGE LIVING, PANTRY, LARGE EAT-IN KITCHEN, TWO FULL BATHROOMS AND MUDROOM***THIRD FLOOR FEATURES 3 BEDROOMS, LIVING ROOM, PANTRY, LARGE EAT-IN KITCHEN, BATHROOM, MUDROOM AND BONUS OFFICE/UTILITY SPACE (UNHEATED)***BOTH RENTAL UNITS FEATURE HARDWOOD FLOORS THROUGHOUT***OFF STREET PARKING THREE SIDES OF THE BUILDING**BE PART OF EVERYTHING WORCESTER HAS TO OFFER WITH HOSPITALS, COLLEGES, HANOVER THEATER, ECOTARIUM, RAILERS HOCKEY & WOO SOX BASEBALL!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,738
Year Built
- Built in 1920
Lot Details
- 6,035 Sq Ft Lot
- Corner Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,680 Sq Ft Home
- Mud Room
- Living Room
- Wood Flooring
- Range
Bedrooms and Bathrooms
- 7 Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Parking
- 9 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number M:11 B:003 L:00001,1772921
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 19, 2007
Sold by
Metz Christian F
Bought by
Metz Andrew
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.
Original Mortgage
$350,000
Outstanding Balance
$217,241
Interest Rate
6.19%
Mortgage Type
Commercial
Estimated Equity
$475,781
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $330,000 | -- | |
| Deed | $330,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $350,000 | Commercial | |
| Closed | $104,000 | Commercial | |
| Closed | $350,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/19/2024 11/19/24 | Sold | $700,000 | -6.7% | $150 / Sq Ft |
| 07/11/2024 07/11/24 | Pending | -- | -- | -- |
| 06/27/2024 06/27/24 | For Sale | $750,000 | -- | $160 / 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 | -- | $380,100 | $129,900 | $250,200 |
| 2024 | -- | $344,600 | $129,900 | $214,700 |
| 2023 | $0 | $412,500 | $113,000 | $299,500 |
| 2022 | $0 | $329,100 | $90,400 | $238,700 |
| 2021 | $649 | $222,300 | $72,300 | $150,000 |
| 2020 | $4,464 | $188,000 | $67,000 | $121,000 |
| 2019 | $0 | $186,000 | $65,000 | $121,000 |
| 2018 | $0 | $182,500 | $65,000 | $117,500 |
| 2017 | $0 | $182,500 | $65,000 | $117,500 |
| 2016 | -- | $177,800 | $54,700 | $123,100 |
| 2015 | -- | $177,800 | $54,700 | $123,100 |
| 2014 | $4,687 | $177,800 | $54,700 | $123,100 |
Source: Public Records
Agents Affiliated with this Home
-
Colleen Griffin
Seller's Agent in 2024
Colleen Griffin
Re/Max Vision
(508) 595-9900
5 in this area
75 Total Sales
-
Brian Allen
Buyer's Agent in 2024
Brian Allen
Property Investors & Advisors, LLC
(508) 868-0927
1 in this area
84 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73257939
APN: WORC-000011-000003-000001
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