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: $704,058
5
Beds
5
Baths
5,943
Sq Ft
$118/Sq Ft
Est. Value
Highlights
- Barn or Stable
- Property is near public transit and schools
- 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
Additional Features
- 7,840 Sq Ft Lot
- Property is near public transit and schools
- 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2022
Closed on
Sep 28, 2022
Sold by
Bought by
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
$89,058
Avg. Annual Appreciation
3.69%
Original Mortgage
$461,250
Outstanding Balance
$439,612
Interest Rate
5.13%
Mortgage Type
Commercial
Estimated Equity
$264,446
Purchase Details
Closed on
Oct 12, 1988
Sold by
Bought by
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $615,000 | None Available | ||
| $160,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $461,250 | ||
| Previous Owner | $130,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
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.
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.
Nearby Homes
Your Personal Tour Guide
Ask me questions while you tour the home.