NOT LISTED FOR SALE

Estimated Value: $616,199 - $792,000

9 Beds
3 Baths
4,407 Sq Ft
$166/Sq Ft Est. Value

Last Sold October 17, 2022

Last sale price $510,000 $116 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,579/month

19 Days on Market

About This Home

As of October 2022

Three family off of Park Ave near Clark University in a very convenient location, close to shopping, recreation, Mass transit and highway access. Each unit in this turn of the century property features, three large bedrooms and one full bath, ornate staircases, hardwood floors, built in cabinets, enclosed three season rooms, eat in kitchens, individual enclosed storage units and many windows to let the sun shine in. Other amenities include washer & Dryer connections in the units and onsite parking. This multi-unit property is ideally suited for an investor (long term tenants with undervalued rents in place), or a Buyer looking to be an owner occupant and enjoy a substantial subsidy to their housing costs. The Worcester real estate market has never been stronger, and the fact that some of the best colleges in New England are located a stone's throw away make this a solid investment today and for the future!

Last Agent to Sell the Property

Alexander Biliouris

Keller Williams Coastal Listed on: 07/18/2022

Keller Williams Coastal

Last Buyer's Agent

Alicia Shorrow

Century 21 XSELL REALTY

Century 21 XSELL REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,254

Year Built

  • Built in 1898

Lot Details

  • 4,512

Home Design

  • 4,407 Sq Ft Home
  • Triplex
  • Stone Foundation
  • Frame Construction
  • Slate Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking

Additional Features

  • Washer and Dryer Hookup
  • 4,512 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $2,400
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 1776274

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,254

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1898
  • Buyer Agency: 2% VNS
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Year Built Details: Actual,Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Unit 2(Wood Flooring), Unit 3(Wood Flooring)
  • Interior Amenities: Other (See Remarks), Unit 1(Storage), Unit 2(Storage,Bathroom With Tub & Shower), Unit 3(Storage,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Living RM/Dining RM Combo,Mudroom,Sunroom), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo,Mudroom,Sunroom), Unit 3 Rooms(Kitchen,Living RM/Dining RM Combo,Mudroom,Sunroom)
  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Unit 1(Washer & Dryer Hookup)
  • Living Area: 4407
  • Stories Total: 6
  • MAIN LO: AN7117
  • LIST PRICE PER Sq Ft: 113.43
  • PRICE PER Sq Ft: 115.72
  • MAIN SO: AN2314

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Roof: Slate
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Space Heater), Unit 2(Space Heater), Unit 3(Space Heater)
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Lot Info

  • Parcel Number: 1776274
  • Zoning: RL-7
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4512
  • Lot Size Units: Acres
  • PAGE: 0337
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6254
  • Tax Book Number: 60651

Multi Family

  • Gross Income: 28800
  • Net Operating Income: 28800
  • Number Of Units Total: 3
  • Total Actual Rent: 2400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Oct 17, 2022
Sold by
D & Sofia Kaloudelis Irt
Bought by
Nguyen-Ta John
Seller's Agent
Alexander Biliouris
Keller Williams Coastal
Buyer's Agent
Alicia Shorrow
Century 21 XSELL REALTY
List Price
$499,900
Sold Price
$510,000
Premium/Discount to List
$10,100
2.02%
Views
3
Current Estimated Value
$712,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,178
Avg. Annual Appreciation
11.70%
Original Mortgage
$382,500
Outstanding Balance
$369,442
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$327,386

Purchase Details

Closed on
Jun 17, 2019
Sold by
Kaloudelis Dionysios and Kaloudelis Sofia
Bought by
D & S Kaloudelis Irt
Source: Public Records

Range of Values:

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Average Value
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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
Nguyen-Ta John $510,000 None Available
D & S Kaloudelis Irt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen-Ta John $382,500
Previous Owner Kaloudelis Dionysios $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2022 10/17/22 Sold $510,000 +2.0% $116 / Sq Ft
08/07/2022 08/07/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $499,900 -- $113 / 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 $8,157 $618,400 $75,500 $542,900
2024 $7,490 $544,700 $75,500 $469,200
2023 $7,186 $501,100 $65,700 $435,400
2022 $6,254 $411,200 $52,600 $358,600
2021 $5,623 $345,400 $42,100 $303,300
2020 $4,593 $270,200 $41,800 $228,400
2019 $4,585 $254,700 $36,500 $218,200
2018 $4,472 $236,500 $36,500 $200,000
2017 $4,182 $217,600 $36,500 $181,100
2016 $4,013 $194,700 $26,600 $168,100
2015 $3,908 $194,700 $26,600 $168,100
2014 $3,804 $194,700 $26,600 $168,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73013826

MLS Property Information Network (MLS PIN)

APN: WORC-000014-000029-000018