23 Colton St Worcester, MA 01610
South Worcester Neighborhood
6
Beds
2
Baths
2,642
Sq Ft
7,405
Sq Ft Lot
Highlights
- Golf Course Community
- Property is near public transit
- Tennis Courts
- Medical Services
- Corner Lot
- Jogging Path
About This Home
As of September 2024Attention Investors and home buyers! Incredible opportunity awaits with this well-maintained 2-family property, ideally located just minutes from Holy Cross College and vibrant Kelley Square. This property is situated on a oversized double lot, perfect for a parking area, parking garage, or potential development. Recent updates include new bathrooms, floors on the first floor, and hot water tanks, ensuring low maintenance for years to come. Both units are vacant and tenant-ready, offering immediate income potential. Explore the possibilities with a walk-up attic offering the potential to increase the square footage or an additional unit. Lead Certificates for the first-floor unit and exterior of the property.Benefit from the prime location near Rt-146, The MassPike, Rt-190, and Rt-290, making this property a strategic investment.Open house Sunday July 28 2pm-3:30pm
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,464
Year Built
- Built in 1910
Lot Details
- 7,405 Sq Ft Lot
- Corner Lot
- Level Lot
- Cleared Lot
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,642 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Dirt Floor
Location
- Property is near public transit
- Property is near schools
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $4,016
- Assessor Parcel Number M:07 B:041 L:0005B,1769510
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $1,870
- Water Sewer Expense $400
- Operating Expense $7,734
- Net Operating Income $45,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 24, 2021
Sold by
Tsvetanov Tsvetan
Bought by
23 Colton Street Llc
Current Estimated Value
Purchase Details
Listed on
Sep 8, 2020
Closed on
Oct 19, 2020
Sold by
Simmons Richard A and Simmons Deborah J
Bought by
Tsvetanov Tsvetan
Seller's Agent
Paul O'Rourke
The O'Rourke Group Real Estate Professionals
Buyer's Agent
Valio Dimitrov
New Home Real Estate, LLC
List Price
$349,900
Sold Price
$335,500
Premium/Discount to List
-$14,400
-4.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.61%
Original Mortgage
$234,850
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 14, 1992
Sold by
Elmcroft Rental Corp
Bought by
Simmons Richard A and Simmons Deborah
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
8.73%
Mortgage Type
Commercial
Similar Homes in Worcester, MA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Not Resolvable | $335,500 | None Available | |
| Deed | $60,000 | -- | |
| Deed | $60,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $530,219 | FHA | |
| Closed | $27,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $530,219 | FHA | |
| Previous Owner | $234,850 | New Conventional | |
| Previous Owner | $200,000 | Undefined Multiple Amounts | |
| Previous Owner | $225,000 | No Value Available | |
| Previous Owner | $130,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2024 09/03/24 | Sold | $540,000 | -6.7% | $204 / Sq Ft |
| 07/31/2024 07/31/24 | Pending | -- | -- | -- |
| 07/24/2024 07/24/24 | For Sale | $579,000 | +72.6% | $219 / Sq Ft |
| 11/18/2020 11/18/20 | Sold | $335,500 | -2.7% | $127 / Sq Ft |
| 10/07/2020 10/07/20 | Pending | -- | -- | -- |
| 09/23/2020 09/23/20 | Price Changed | $344,900 | -1.4% | $131 / Sq Ft |
| 09/08/2020 09/08/20 | For Sale | $349,900 | -- | $132 / 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 | $5,792 | $439,100 | $64,700 | $374,400 |
| 2024 | $5,464 | $397,400 | $64,700 | $332,700 |
| 2023 | $5,041 | $351,500 | $51,100 | $300,400 |
| 2022 | $4,671 | $307,100 | $40,900 | $266,200 |
| 2021 | $3,873 | $237,900 | $32,700 | $205,200 |
| 2020 | $3,597 | $211,600 | $32,700 | $178,900 |
| 2019 | $3,656 | $203,100 | $31,200 | $171,900 |
| 2018 | $3,555 | $188,000 | $31,200 | $156,800 |
| 2017 | $3,365 | $175,100 | $31,200 | $143,900 |
| 2016 | $3,357 | $162,900 | $21,400 | $141,500 |
| 2015 | $3,269 | $162,900 | $21,400 | $141,500 |
| 2014 | $3,183 | $162,900 | $21,400 | $141,500 |
Source: Public Records
Agents Affiliated with this Home
-
V
Seller's Agent in 2024
Valio Dimitrov
New Home Real Estate, LLC
-
E
Buyer's Agent in 2024
Elizabeth Champi
Property Investors & Advisors, LLC
-
P
Seller's Agent in 2020
Paul O'Rourke
The O'Rourke Group Real Estate Professionals
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73269062
APN: WORC-000007-000041-000005B
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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.
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