NOT LISTED FOR SALE

Estimated Value: $639,081 - $723,000

9 Beds
3 Baths
4,110 Sq Ft
$166/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $525,000 $128 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,352/month

4 Days on Market

About This Home

As of October 2021

INVESTORS TAKE NOTICE. Large 3 family with great potential being sold "AS IS". Located right next to Worcester Polytechnic Institute. Updates include :Roof replaced in 2008, 4 exterior electric meter sockets in 2010, 2nd and 3rd floor units electric heat, service panel and wiring in 2010, replacement windows throughout in 2015. Blown-in attic insulation done by Mass Save in 2014. New boiler for 1st floor unit awaiting installation and all baseboard heaters are roughed in and on the test loop. Each unit has 3 bedrooms, hardwood flooring, and original woodwork. Current rents well below market rate. Huge potential for rental income. Group showings only of the basement and the 1st and 3rd floor units beginning Saturday Sept. 4th and Sunday Sept. 5th, 1:00-3:00.

Last Agent to Sell the Property

Bruce Linnehan

Coldwell Banker Realty - Worcester Listed on: 08/31/2021

Coldwell Banker Realty - Worcester

Last Buyer's Agent

Brian Allen

Property Investors & Advisors, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,876

Year Built

  • 1905

Lot Details

  • 4,792

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,876

Year Built

1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Park Ave to Highland to Russell St.
  • Garage Yn: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1905

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Full, Concrete, Unfinished
  • Total Bathrooms: 3
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 127.74
  • PRICE PER Sq Ft: 127.74
  • MAIN SO: AN6259
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Fireplace: No
  • Flooring: Hardwood
  • Stories: 6
  • Window Features: Insulated Windows, Storm Window(s)

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters
  • Foundation Details: Other
  • Construction Type: Frame
  • Lot Features: Level
  • Patio And Porch Features: Porch, Screened
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Shared Driveway, Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Electric Baseboard), Unit 3(Electric Baseboard)
  • Cooling Y N: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, Other, Sidewalks
  • HOA Rent Includes: Unit 1(Other (See Remarks)), Unit 2(Other (See Remarks)), Unit 3(Other (See Remarks))

Lot Info

  • LOT SIZE: 4888
  • PAGE: 94
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 4791.6
  • Zoning: RL-7

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Annual Gross Income: 35400
  • Property Net Operating Income: 35400
  • Number Of Units Total: 3
  • Total Actual Rent: 2950

Tax Info

  • Tax Annual Amount: 5591
  • Tax Block: 4
  • Tax Book Number: 54755
  • Tax Lot: 48
  • Tax Map Number: 11
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Sep 30, 2021
Sold by
Kariko Max and Kariko Nicole
Bought by
Rotti Joseph W
Seller's Agent
Bruce Linnehan
Coldwell Banker Realty - Worcester
Buyer's Agent
Brian Allen
Property Investors & Advisors, LLC
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$684,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,270
Avg. Annual Appreciation
7.18%

Purchase Details

Closed on
Dec 28, 2015
Sold by
Kariko Lt
Bought by
Kariko Max and Kariko Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2000
Sold by
Gabrielian Agnes A and Avakian Ann
Bought by
Kariko Attila and Kariko Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,300
Interest Rate
7.78%
Mortgage Type
Purchase Money Mortgage
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
Rotti Joseph W $525,000 None Available
Kariko Max $216,000 --
Kariko Attila $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rotti Joseph W $569,100
Previous Owner Kariko Max $216,000
Previous Owner Kariko Attila $97,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2021 10/06/21 Sold $525,000 0.0% $128 / Sq Ft
09/05/2021 09/05/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $525,000 -- $128 / 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 $6,876 $521,300 $79,900 $441,400
2024 $6,340 $461,100 $79,900 $381,200
2023 $6,067 $423,100 $69,500 $353,600
2022 $5,059 $332,600 $55,600 $277,000
2021 $5,591 $343,400 $44,500 $298,900
2020 $4,413 $259,600 $44,200 $215,400
2019 $4,397 $244,300 $38,600 $205,700
2018 $4,293 $227,000 $38,600 $188,400
2017 $4,017 $209,000 $38,600 $170,400
2016 $3,833 $186,000 $27,900 $158,100
2015 $3,733 $186,000 $27,900 $158,100
2014 $3,636 $186,100 $27,900 $158,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72888484

MLS Property Information Network (MLS PIN)

APN: WORC-000011-000004-000048