Seller's Agent in 2022
Matthew Pierce
Marcus & Millichap Real Estate Investment Services
(617) 896-7200
3 in this area
4 Total Sales
20 Loudon St Worcester, MA 01610
University Park NeighborhoodEstimated Value: $738,833
5
Beds
5
Baths
5,943
Sq Ft
$124/Sq Ft
Est. Value
Highlights
- Barn or Stable
- Property is near public transit
- Porch
- Deck
- Wood Flooring
- Park
About This Home
As of September 202220 Loudon Street is a five-unit apartment building next to Clark University that features all one-bed/one-bath apartments. The units feature oak cabinets, tile, carpet and hardwood flooring, and white/gas appliances. The building has gas-fired boiler steam heat. All utilities are included in the rents. Off-street parking and coin-op laundry are available for tenants. New boiler and newer roof. The current owner operates their business out of the barn/office and plan to become the 6th tenant where separate electric and gas utilities are available. Buyers have the ability to acquire a fully occupied and stabilized asset with significant upside to increase rents due to long term tenancy. Loudon Street is located on the edge of Clark University where off-campus housing is highly demanded and presents an opportunity for buyers to capitalize on significantly higher than average market rents.
Last Agent to Sell the Property
Marcus & Millichap Real Estate Investment Services Listed on: 04/12/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,437
Year Built
- Built in 1890
Lot Details
- 7,840
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,943 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit
- Property is near schools
Additional Features
- 7,840 Sq Ft Lot
- Barn or Stable
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $5,425
- Assessor Parcel Number 1768048
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Recreation
- Park
Building Details
- Electric Expense $3,481
- Insurance Expense $2,000
- Water Sewer Expense $1,352
- Operating Expense $20,266
- Net Operating Income $46,881
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2022
Closed on
Sep 28, 2022
Sold by
Gibree Arthur H and Gibree Stephanie S
Bought by
Eastham5 Investments Llc
Seller's Agent
Matthew Pierce
Marcus & Millichap Real Estate Investment Services
Buyer's Agent
Lori Poirier
Coldwell Banker Realty - Franklin
List Price
$750,000
Sold Price
$615,000
Premium/Discount to List
-$135,000
-18%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,833
Avg. Annual Appreciation
5.94%
Original Mortgage
$461,250
Outstanding Balance
$439,612
Interest Rate
5.13%
Mortgage Type
Commercial
Estimated Equity
$299,221
Purchase Details
Closed on
Oct 12, 1988
Sold by
Sharma Shyam S
Bought by
Gibree Arthur H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
10.63%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Eastham5 Investments Llc | $615,000 | None Available | |
| Gibree Arthur H | $160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Eastham5 Investments Llc | $461,250 | |
| Previous Owner | Gibree Arthur H | $130,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2022 09/29/22 | Sold | $615,000 | -18.0% | $103 / Sq Ft |
| 07/22/2022 07/22/22 | Pending | -- | -- | -- |
| 04/12/2022 04/12/22 | For Sale | $750,000 | -- | $126 / 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 | -- | $608,200 | $90,800 | $517,400 |
| 2024 | -- | $520,600 | $90,800 | $429,800 |
| 2023 | $0 | $449,800 | $79,000 | $370,800 |
| 2022 | $0 | $405,800 | $63,200 | $342,600 |
| 2021 | $0 | $295,200 | $50,500 | $244,700 |
| 2020 | $5,046 | $257,400 | $46,800 | $210,600 |
| 2019 | $5,290 | $239,100 | $44,300 | $194,800 |
| 2018 | $0 | $239,100 | $44,300 | $194,800 |
| 2017 | $0 | $239,100 | $44,300 | $194,800 |
| 2016 | -- | $229,400 | $35,900 | $193,500 |
| 2015 | -- | $229,400 | $35,900 | $193,500 |
| 2014 | -- | $229,400 | $35,900 | $193,500 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Pierce
-
Lori Poirier
Buyer's Agent in 2022
Lori Poirier
Coldwell Banker Realty - Franklin
(508) 254-8093
1 in this area
49 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72965869
APN: WORC-000006-000037-000015
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