Seller's Agent in 2022
Paul O'Rourke
The O'Rourke Group Real Estate Professionals
(508) 579-1221
1 in this area
106 Total Sales
20 King St Worcester, MA 01610
University Park Neighborhood
14
Beds
3
Baths
6,116
Sq Ft
0.5
Acres
Highlights
- Medical Services
- 0.5 Acre Lot
- 6 Fireplaces
- Granite Flooring
- Property is near public transit
- 1-minute walk to Oread Castle Park
About This Home
As of July 2022Unique investment opportunity! Large (14) Bedroom, (3) Bath Rooming House with great potential . Estimated bedroom rent of $650.00 monthly and the opportunity to gross over $109,000 a year! Situated on a large 21,576 sqft lot with the potential to sub-divide and or create additional parking. The building has been Historically preserved and features all original hardwood flooring throughout and one of a kind craftsmanship. Updates include; Heating system, hot water tank, electrical and a partial roof replacement. This property is equipped with a sprinkler system and smoke alarm system! Close proximity to public transportation and downtown Worcester.
Last Agent to Sell the Property
The O'Rourke Group Real Estate Professionals Listed on: 05/23/2022
Last Buyer's Agent
Lynn Brooks
Godin Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,835
Year Built
- Built in 1880
Lot Details
- 0.5 Acre Lot
- Gentle Sloping Lot
- Cleared Lot
Home Design
- Rooming House
- Frame Construction
- Shingle Roof
Interior Spaces
- 6,116 Sq Ft Home
- 6 Fireplaces
- Granite Flooring
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 14 Bedrooms
- 3 Full Bathrooms
Parking
- 9 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
Utilities
- Heating Available
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $2,660
- Assessor Parcel Number M:06 B:018 L:00022,1767422
Community Details
Overview
- 14 Units
- Property has 1 Level
Amenities
- Medical Services
- Coin Laundry
Recreation
- Park
Building Details
- Insurance Expense $4,650
- Operating Expense $31,895
- Net Operating Income $25
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 13, 2020
Sold by
Norquist Robert E and Obrien Susan D
Bought by
Harrington Alexander and Lavin Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,729
Interest Rate
2.9%
Mortgage Type
FHA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Harrington Alexander | $291,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Newlife Llc | $770,000 | |
| Closed | New Life Llc | $612,000 | |
| Closed | New Life Llc | $280,500 | |
| Closed | Harrington Alexander | $285,729 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2022 07/08/22 | Sold | $550,000 | 0.0% | $90 / Sq Ft |
| 05/28/2022 05/28/22 | Pending | -- | -- | -- |
| 05/23/2022 05/23/22 | For Sale | $549,900 | -- | $90 / 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 | $6,846 | $519,000 | $97,000 | $422,000 |
| 2024 | $6,179 | $449,400 | $97,000 | $352,400 |
| 2023 | $7,365 | $513,600 | $97,000 | $416,600 |
| 2022 | $6,835 | $449,400 | $80,900 | $368,500 |
| 2021 | $7,070 | $434,300 | $80,900 | $353,400 |
| 2020 | $6,389 | $375,800 | $80,900 | $294,900 |
| 2019 | $5,863 | $325,700 | $78,800 | $246,900 |
| 2018 | $5,970 | $315,700 | $70,000 | $245,700 |
| 2017 | $6,068 | $315,700 | $70,000 | $245,700 |
| 2016 | $6,197 | $300,700 | $70,000 | $230,700 |
| 2015 | $6,035 | $300,700 | $70,000 | $230,700 |
| 2014 | $5,876 | $300,700 | $70,000 | $230,700 |
Source: Public Records
Agents Affiliated with this Home
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L
Buyer's Agent in 2022
Lynn Brooks
Godin Real Estate
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72986445
APN: WORC-000006-000018-000022
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