$375,000
SOLD FEB 22, 2023
6 Beds
3 Baths
3,108 Sq Ft
7,497 Sq Ft Lot

Recently Sold

$121 Per Sq Ft

6% Below List Price

4 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Heating Available

About This Home

As of August 2023

MULTIPLE OFFERS BEST AND FINAL DUE 12PM JANUARY 8 , 2023. Great opportunity for an investor or owner occupant to own a property with just a 5 min walk to WPI and Elm Park . Property has a great size yard and plenty of parking for 3-4 cars off street . Separate gas heat on all floors , hardwoods throughout and spacious bedrooms. Long term tenants on both floors paying way below market rate . Property needs some TLC. Garage must be torn down per City of Worcester ( permit in hand ) . Third floor there is an illegal apartment new owner is responsible to make legal or merge third floor with second to maximize bedrooms and space. First floor tenant stopped paying rent. This property has a potential of being a cash cow with a little work !! Don't miss out . SOLD AS - IS OWNER WILL NOT VACATE ANY UNITS . OWNER RESERVES RIGHT TO ACCEPT ANY OFFERS PRIOR TO OPEN HOUSES.

Last Agent to Sell the Property

Javier Velez

Javier Velez Listed on: 01/04/2023

Last Buyer's Agent

Javier Velez

Javier Velez Listed on: 01/04/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,187

Year Built

  • Built in 1890

Lot Details

  • 7,497 Sq Ft Lot
  • Corner Lot

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,108 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Utilities

  • Heating Available
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $25,200

Listing and Financial Details

  • Total Actual Rent $2,100
  • Assessor Parcel Number M:02 B:045 L:00139,1763604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,187

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1890
  • Buyer Agency: 2
  • Sub Agent Compensation: 2
  • Transaction Broker: 1
  • Year Built Details: Actual,Approximate
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Refrigerator), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3108
  • Stories Total: 3
  • MAIN LO: K95491
  • LIST PRICE PER Sq Ft: 128.38
  • PRICE PER Sq Ft: 120.66
  • MAIN SO: K95491

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Unit 1(Forced Air)
  • Electric: 220 Volts
  • Heating YN: Yes
  • Water Source: Public

Lot Info

  • Parcel Number: M:02 B:045 L:00139,1763604
  • Zoning: RL-7
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7497
  • Lot Size Units: Acres
  • PAGE: 246
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5187
  • Tax Book Number: 23784

Multi Family

  • Gross Income: 25200
  • Net Operating Income: 25200
  • Number Of Units Total: 2
  • Total Actual Rent: 2100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2001
Sold by
Buck Richard
Bought by
Vanstephoudt Theodor J
Current Estimated Value
$741,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $190,000 --
Deed $190,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Purchase Money Mortgage
Closed $400,000 Purchase Money Mortgage
Closed $181,730 Stand Alone Refi Refinance Of Original Loan
Closed $142,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $715,000 +6.7% $230 / Sq Ft
07/29/2023 07/29/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $669,900 +78.6% $216 / Sq Ft
02/22/2023 02/22/23 Sold $375,000 -6.0% $121 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $399,000 -- $128 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $9,469 $717,900 $97,700 $620,200
2024 $5,990 $435,600 $97,700 $337,900
2023 $5,623 $392,100 $85,000 $307,100
2022 $5,187 $341,000 $68,000 $273,000
2021 $4,775 $293,300 $54,400 $238,900
2020 $4,476 $263,300 $54,000 $209,300
2019 $4,473 $248,500 $47,100 $201,400
2018 $4,378 $231,500 $47,100 $184,400
2017 $4,171 $217,000 $47,100 $169,900
2016 $4,130 $200,400 $33,300 $167,100
2015 $4,022 $200,400 $33,300 $167,100
2014 $3,916 $200,400 $33,300 $167,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73067777

MLS Property Information Network (MLS PIN)

APN: WORC-000002-000045-000139