Seller's Agent in 2015
Jim Glickman
NAI Glickman Kovago & Jacobs
(508) 459-4279
37 Total Sales
237 Lincoln St Worcester, MA 01605
Brittan Square NeighborhoodEstimated Value: $632,662
4
Beds
4
Baths
9,322
Sq Ft
$68/Sq Ft
Est. Value
About This Home
As of October 2015Investor Alert. Mixed Use investment property for sale with 8 units including 4 residential apartments plus 4 commercial store fronts located on heavily traveled Lincoln Street. Commercial spaces have existing tenants and are in very good condition. Residential units are mostly vacant and in need of cosmetic upgrades. Out of town owner is looking for a quick sale and has priced this property to sell. This is a fantastic investment opportunity that will generate cash flow immediately with the commercial units while upgrading the residential units for an even greater cash flow. *4 retail storefronts. *4 residential apartments. *Strong rental location. *High Traffic Count: 13,600. Garage at rear of property included in sale currently generating an additional $875 per month income.
Property Details
Home Type
Multi-Family
Year Built
1930
Lot Details
0
Listing Details
- Lot Description: Corner
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1930
Interior Features
- Has Basement: Yes
- Number of Rooms: 12
- Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
- Basement: Partial, Unfinished Basement
Exterior Features
- Foundation: Fieldstone, Other (See Remarks)
Utilities
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 4
Lot Info
- Assessor Parcel Number: M:09 B:010 L:00001
- Zoning: BL-1
Multi Family
- Total Bedrooms: 4
- Total Floors: 10
- Total Full Baths: 4
- Total Levels: 3
- Total Rms: 12
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 28, 2015
Closed on
Oct 28, 2015
Sold by
Worcester Residential
Bought by
Deng Haijian
Seller's Agent
Jim Glickman
NAI Glickman Kovago & Jacobs
Buyer's Agent
Jim Glickman
NAI Glickman Kovago & Jacobs
List Price
$475,000
Sold Price
$280,000
Premium/Discount to List
-$195,000
-41.05%
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
$352,662
Avg. Annual Appreciation
6.26%
Purchase Details
Closed on
Dec 17, 2012
Sold by
Lana Felicio and Spcp Group 5 Llc
Bought by
Worcester Res Asset Ll
Purchase Details
Closed on
Dec 2, 2003
Sold by
Theodorakos Vaios
Bought by
F & P Rt and Mckunes Paul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
6.09%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 28, 1988
Sold by
Pease Richard
Bought by
Robinson M P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
10.32%
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 |
|---|---|---|---|
| Deng Haijian | $280,000 | -- | |
| Worcester Res Asset Ll | $252,000 | -- | |
| Worcester Res Asset Ll | $252,000 | -- | |
| F & P Rt | $1,050,000 | -- | |
| Robinson M P | $136,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Deng Haijian | $680,000 | |
| Previous Owner | F & P Rt | $825,000 | |
| Previous Owner | Robinson M P | $102,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/28/2015 10/28/15 | Sold | $280,000 | -41.1% | $30 / Sq Ft |
| 09/25/2015 09/25/15 | For Sale | $475,000 | +69.6% | $51 / Sq Ft |
| 08/26/2015 08/26/15 | Off Market | $280,000 | -- | -- |
| 05/28/2015 05/28/15 | For Sale | $475,000 | -- | $51 / 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 | -- | $772,000 | $152,900 | $619,100 |
| 2024 | -- | $639,100 | $152,900 | $486,200 |
| 2023 | $0 | $646,000 | $133,000 | $513,000 |
| 2022 | $0 | $539,500 | $133,000 | $406,500 |
| 2021 | $0 | $476,600 | $101,500 | $375,100 |
| 2020 | $0 | $449,600 | $101,500 | $348,100 |
| 2019 | $0 | $440,400 | $98,800 | $341,600 |
| 2018 | $0 | $443,500 | $98,800 | $344,700 |
| 2017 | $0 | $443,500 | $98,800 | $344,700 |
| 2016 | -- | $417,800 | $87,000 | $330,800 |
| 2015 | -- | $417,800 | $87,000 | $330,800 |
| 2014 | -- | $417,800 | $87,000 | $330,800 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71846275
APN: WORC-000009-000010-000001
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.
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