NOT LISTED FOR SALE

176 Institute Rd Worcester, MA 01602

Salisbury Street Neighborhood

Estimated Value: $654,635 - $709,000

5 Beds
3 Baths
2,596 Sq Ft
$267/Sq Ft Est. Value

Last Sold September 21, 2017

Last sale price $362,500 $140 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,503/month

36 Days on Market

About This Home

As of September 2017

Rare Two Family in Worcester's Desirable West Side ** Many Updates Throughout this Home ** Large Custom Kitchen w/ Sub Zero,Granite,Maple Cabinets // Dinning Area, Recessed Lights, Crown Moldings // French Doors // Fire Place** Natural Light Surrounds Family Room ** Beautiful Hardwoods ** Main House offers 3 Bedrooms & 2 Full Baths - Main Bath: Marble Floors, Walk-In Shower, Separate Tub // 2nd Floor Stackable Washer/Dryer // 1 Car Garage // Private Fenced In Yard with a Large Deck and Storage Shed ** The Apartment - 2 Bedroom, 1 Bath Townhouse // Brand New Walk-Way and Patio, New Furnace, Gleaming Hardwoods in Bedrooms, Washer/Dryer // Looks Like A Single Family Home Built As A Two // Known as the Candlestick House - Don't Miss This Opportunity !! (Sunday Open House 1:00 - 2:30 pm )

Last Agent to Sell the Property

Marie Mingione

RE/MAX Vision License #453003497 Listed on: 07/20/2017

Last Buyer's Agent

Marie Mingione

RE/MAX Vision License #453003497 Listed on: 07/20/2017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,056

Year Built

1923

Lot Details

0

Listing Details

  • Lot Description: Wooded, Paved Drive, Fenced/Enclosed
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Year Round: Yes
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 11
  • Amenities: Public Transportation, Shopping, Medical Facility, Public School
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Storm Doors
  • Flooring: Tile, Wall to Wall Carpet, Marble, Hardwood
  • Basement: Full, Walk Out, Interior Access, Garage Access, Sump Pump
  • Full Bathrooms: 3
  • Total Levels: 4
  • Main Lo: K95622
  • Main So: K95622
  • Estimated Sq Ft: 2596.00

Exterior Features

  • Frontage: 90.00
  • Construction: Frame
  • Exterior: Clapboard, Wood
  • Exterior Features: Porch, Deck - Wood, Gutters, Storage Shed, Sprinkler System, Fenced Yard
  • Foundation: Fieldstone

Garage/Parking

  • Garage Spaces: 1
  • Parking: Paved Driveway
  • Parking Spaces: 5

Utilities

  • Heat Zones: 3
  • Hot Water: Oil
  • Utility Connections: for Electric Range, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: RS-7
  • Lot: 00011
  • Acre: 0.31
  • Lot Size: 13500.00

Multi Family

  • Foundation: 28x38x13x19
  • Heat Units: 2
  • Total Bedrooms: 5
  • Total Fireplaces: 1
  • Total Floors: 2
  • Total Full Baths: 3
  • Total Levels: 2
  • Total Rms: 11
  • Total Rent_1: 750
  • Multi Family Type: 2 Family - 2 Units Side By Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2017
Closed on
Sep 21, 2017
Sold by
Shook Elizabeth
Bought by
Norman Ervan and Park Catherine F
Seller's Agent
Marie Mingione
RE/MAX Vision
Buyer's Agent
Marie Mingione
RE/MAX Vision
List Price
$369,900
Sold Price
$362,500
Premium/Discount to List
-$7,400
-2%
Current Estimated Value
$693,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,409
Avg. Annual Appreciation
8.17%
Original Mortgage
$290,000
Outstanding Balance
$245,046
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$425,106

Purchase Details

Closed on
Aug 4, 2009
Sold by
Marshall David J
Bought by
Shook Elizabeth

Purchase Details

Closed on
Dec 8, 1989
Sold by
Goodro Bruce
Bought by
Marshall David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
9.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Norman Ervan $362,500 --
Shook Elizabeth $351,000 --
Marshall David $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norman Ervan $290,000
Previous Owner Marshall David J $118,000
Previous Owner Marshall David $10,000
Previous Owner Marshall David $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2017 09/21/17 Sold $362,500 -2.0% $140 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
08/12/2017 08/12/17 For Sale $369,900 0.0% $142 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
07/20/2017 07/20/17 For Sale $369,900 -- $142 / 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 $8,056 $610,800 $118,900 $491,900
2024 $7,686 $559,000 $118,900 $440,100
2023 $7,193 $501,600 $103,400 $398,200
2022 $6,977 $458,700 $82,700 $376,000
2021 $6,198 $380,700 $66,200 $314,500
2020 $5,778 $339,900 $66,200 $273,700
2019 $5,987 $332,600 $59,700 $272,900
2018 $5,147 $272,200 $59,700 $212,500
2017 $4,867 $253,200 $59,700 $193,500
2016 $4,814 $233,600 $44,300 $189,300
2015 $4,688 $233,600 $44,300 $189,300
2014 $4,565 $233,600 $44,300 $189,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Marie Mingione

    Re/Max Vision

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72200986

MLS Property Information Network (MLS PIN)

APN: WORC-000020-000019-000011

Massachusetts Worcester County Worcester 01602 Salisbury Street

176 Institute Rd, Worcester, MA

This home is located at 176 Institute Rd, Worcester, MA 01602 since 20 July 2017 and is currently estimated at $693,909, approximately $267 per square foot. This property was built in 1923. 176 Institute Rd is a home located in Worcester County with nearby schools including Chandler Magnet, Jacob Hiatt Magnet School, and Flagg Street School.

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.

MLS Property Information Network (MLS PIN) 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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