$715,000
SOLD AUG 24, 2023
7 Beds
3 Baths
3,108 Sq Ft
7,497 Sq Ft Lot

Recently Sold

$230 Per Sq Ft

7% Above List Price

2 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Park
  • Property is near public transit
  • Corner Lot
  • Shops

About This Home

As of August 2023

Situated in the perfect location on a corner lot in the heart of WPI (Worcester Polytechnic Institute), Elm Park, WSU, Assumption College and surrounded by fabulous restaurants, this is an amazing opportunity for any investor looking to start, or add to, their portfolio. This lucrative three family property is completely vacant, newly updated, and turn-key! The first and second floor include spacious 3-bedroom units, both featuring laundry hookups and fresh paint. The third floor boasts a sun-filled 1-bedroom unit with an eat-in kitchen and fresh paint. All apartments feature wood flooring and are move-in ready. Some updates include a NEW ROOF, newly hardwired smoke/CO detectors, as well as fire sprinkler system throughout, new 3rd floor dormer, rear egress updated, expanded driveway for extra parking (see attached), updated electrical. Close to restaurants, entertainment, shopping, museums, Polar Park, UMASS, all major routes with easy access to 290, 190, 495, and Mass pike.

Last Agent to Sell the Property

Melissa Clark

Coldwell Banker Realty - Northborough Listed on: 07/26/2023

Coldwell Banker Realty - Northborough

Last Buyer's Agent

Tony Economou

RE/MAX Vision

RE/MAX Vision

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,623

Year Built

  • Built in 1890

Lot Details

  • 7,497 Sq Ft Lot
  • Corner Lot

Home Design

  • 3,108 Sq Ft Home
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Washer and Dryer Hookup

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating Available
  • Natural Gas Connected

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $5,500
  • Rent includes unit 1(none), unit 2(none), unit 3(none)
  • Assessor Parcel Number M:02 B:045 L:00139,1763604

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $66,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,623

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1890
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Tile,Laminate, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 3(Range,Refrigerator), Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup, Unit 1(Washer Hookup,Dryer Hookup)
  • Basement: Unfinished
  • Living Area: 3108
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 215.54
  • PRICE PER Sq Ft: 230.05
  • MAIN SO: K95622

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar, Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Hot Water Baseboard,Gas), Unit 3(Electric Baseboard)
  • Cooling Y N: No
  • Electric: Other (See Remarks)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Public School, University
  • Rent Includes: Unit 1(None), Unit 2(None), Unit 3(None)
  • Senior Community YN: No

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: 91
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5623
  • Tax Book Number: 68851

Multi Family

  • Gross Income: 66000
  • Net Operating Income: 66000
  • Number Of Units Total: 3
  • Total Actual Rent: 5500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • 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: 73140709

MLS Property Information Network (MLS PIN)

APN: WORC-000002-000045-000139