NOT LISTED FOR SALE

Estimated Value: $540,422 - $656,000

8 Beds
3 Baths
3,268 Sq Ft
$190/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $450,000 $138 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,105/month

95 Days on Market

About This Home

As of October 2021

Open House Sat 9/4 12-2pm! This is your chance to own an amazing property in the historic Circuit Avenue East district of Worcester with amazing views of the city. Many updates have been done throughout including new 50 year labor & material warranty roof installed spring of 2020, new gutter system, recently updated fully separated electrical systems, recent replacement windows, 3 yr old heat system for unit #1, New heating system U#3, new appliances in U#3 & new stove in U#2 all with 5 yr warranties. Unit #3 has been fully updated, is absolutely gorgeous, and would make a great owner occupied unit. Units #1 & #3 have lead compliance certs. This property offers immediate cash flow and room for growth. Coin op washer and dryer in basement for additional cash flow. This would be a perfect buy and hold property or owner occupant purchase & offers a great value in today's market! Units #2 & #3 will be vacant by closing! Call before it is gone!

Last Listed By

Tracy Barber

Real Broker MA, LLC Listed on: 06/15/2021

Real Broker MA, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,731

Year Built

  • 1908

Lot Details

  • 9,148

Additional Features

  • Property has 1 Level
  • 3 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,731

Year Built

1908

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: google
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1908

Interior Features

  • Appliances: Tank Water Heater
  • Has Basement: Full
  • Total Bathrooms: 3
  • MAIN LO: AN4402
  • LIST PRICE PER Sq Ft: 137.7
  • PRICE PER Sq Ft: 137.7
  • MAIN SO: AN4146
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Wood
  • Stories: 6

Exterior Features

  • Roof: Shingle
  • Foundation Details: Brick/Mortar
  • Construction Type: Frame
  • Disclosures: Buyer/Buyer Agent To Confirm All Listing Information
  • Lot Features: Sloped
  • Patio And Porch Features: Porch
  • Waterfront: No

Garage/Parking

  • Open Parking: Yes

Utilities

  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Electric: Circuit Breakers, 200+ Amp Service, Individually Metered
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation

Lot Info

  • LOT SIZE: 9009
  • PAGE: 394
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 9147.6
  • Zoning: RL-7

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Annual Gross Income: 45000
  • Property Net Operating Income: 43800
  • Number Of Units Total: 3
  • Annual Operating Expense: 5000
  • Total Actual Rent: 3650

Tax Info

  • Tax Annual Amount: 5061
  • Tax Book Number: 46039
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Oct 27, 2021
Sold by
Rutman Michael A
Bought by
Pietz Devon J
Seller's Agent
Tracy Barber
Real Broker MA, LLC
Buyer's Agent
Devin Pietz
Century 21 XSELL REALTY
Sold Price
$450,000
Total Days on Market
95
Current Estimated Value
$621,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,356
Avg. Annual Appreciation
9.44%
Original Mortgage
$441,849
Outstanding Balance
$409,855
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$210,505

Purchase Details

Closed on
Jun 20, 2018
Sold by
Happy Homes Circuit Ll
Bought by
Rutman Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,800
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 24, 2011
Sold by
Rutman Michael A
Bought by
Happy Homes Circuit Ll

Purchase Details

Closed on
Jul 15, 2010
Sold by
Brace Darrell L and Brace Pamela L
Bought by
Rutman Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2005
Sold by
Millett David
Bought by
Brace Darrell L and Brace Pamela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Pietz Devon J $450,000 None Available
Rutman Michael A -- --
Happy Homes Circuit Ll -- --
Rutman Michael A $190,000 --
Brace Darrell L $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pietz Devin J $50,000
Open Pietz Devon J $441,849
Previous Owner Rutman Michael A $212,800
Previous Owner Rutman Michael A $281,250
Previous Owner Brace Darrell L $297,600
Previous Owner Brace Darrell L $37,200
Previous Owner Brace Darrell L $328,500
Previous Owner Millett David $137,005
Previous Owner Millett David $86,900
Previous Owner Millett David $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2021 10/26/21 Sold $450,000 +3.4% $138 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
08/31/2021 08/31/21 For Sale -- -- --
08/21/2021 08/21/21 Pending -- -- --
08/17/2021 08/17/21 For Sale -- -- --
06/23/2021 06/23/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $435,000 -- $133 / 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 $7,731 $586,100 $98,200 $487,900
2024 $7,538 $548,200 $98,200 $450,000
2023 $6,976 $486,500 $85,400 $401,100
2022 $6,274 $412,500 $68,300 $344,200
2021 $5,061 $310,900 $54,700 $256,200
2020 $3,823 $224,900 $54,300 $170,600
2019 $3,924 $218,000 $47,400 $170,600
2018 $3,988 $210,900 $47,400 $163,500
2017 $3,794 $197,400 $47,400 $150,000
2016 $3,640 $176,600 $33,700 $142,900
2015 $3,544 $176,600 $33,700 $142,900
2014 $3,451 $176,600 $33,700 $142,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72849736

MLS Property Information Network (MLS PIN)

APN: WORC-000014-000021-000017