A
Seller's Agent in 2024
Alexander Colarusso
Colarusso Realty
(617) 960-7731
1 in this area
42 Total Sales
244 Pleasant St Worcester, MA 01609
Elm Park Neighborhood
40
Beds
2
Baths
24,252
Sq Ft
0.3
Acres
About This Home
As of May 2024Welcome to 244 Pleasant Street!!! Rarely available enormous 24,000 sq ft 13 unit building(s) for sale with lots of room for rental revenue growth and/or redevelopment possibilities. This property consists of 2 building one of which has 10 units made up of 8 residential units and 2 commercial units with a separate 3 family building on same lot. Separate gas and electric for all 13 units. Rents are below market value with plenty of room for growth. Please see property information attached to the listing and schedule your showing today. All potential buyers must provide proof of funds or approved financing. Take advantage of the growing Worcester Market and this buildings great location. Total property encompasses 242-250 Pleasant St. Motivated seller in order to complete a 1031 Exchange.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,977
Year Built
- Built in 1890
Lot Details
- 0.3 Acre Lot
Home Design
- 24,252 Sq Ft Home
- Brick Foundation
Bedrooms and Bathrooms
- 40 Bedrooms
- 2 Full Bathrooms
Parking
- 15 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Listing and Financial Details
- Total Actual Rent $15,720
- Assessor Parcel Number M:03 B:026 L:08+15,1764089
Community Details
Overview
- 13 Units
- Property has 1 Level
Building Details
- Operating Expense $49,625
- Net Operating Income $107,575
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2017
Closed on
Feb 1, 2018
Sold by
244-250 Pleasant St Ll
Bought by
Karras Bill G
Seller's Agent
Allen Czamara
Top Notch Realty
Buyer's Agent
Allen Czamara
Top Notch Realty
List Price
$950,000
Sold Price
$830,000
Premium/Discount to List
-$120,000
-12.63%
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
$517,945
Purchase Details
Closed on
Jul 31, 2009
Sold by
Ib Property Holdings L
Bought by
224-250 Pleasant St Ll
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.43%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 9, 2009
Sold by
Reyes Rene A and Bayview Loan Servicin
Bought by
Ib Prop Holdings Llc
Purchase Details
Closed on
Dec 14, 2004
Sold by
Theodorakos Vassilios
Bought by
Rodriguez Alicia and Reyes Rene A
Purchase Details
Closed on
Oct 22, 2002
Sold by
Bui Tri N
Bought by
Theodorakos Vassilios
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 25, 2001
Sold by
252 Pleasant St T and Romano Joseph
Bought by
Bui Tri N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 2, 1997
Sold by
Newbury Prop Worc
Bought by
252 Pleasant St T and Romano Joseph
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 |
|---|---|---|---|
| Not Resolvable | $830,000 | -- | |
| Deed | $450,000 | -- | |
| Deed | $450,000 | -- | |
| Foreclosure Deed | $350,000 | -- | |
| Foreclosure Deed | $350,000 | -- | |
| Deed | $820,000 | -- | |
| Deed | $820,000 | -- | |
| Deed | $460,000 | -- | |
| Deed | $270,000 | -- | |
| Deed | $175,000 | -- | |
| Deed | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,650,200 | Construction | |
| Closed | $2,650,200 | Construction | |
| Previous Owner | $337,500 | Commercial | |
| Previous Owner | $425,000 | Purchase Money Mortgage | |
| Previous Owner | $174,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $1,600,000 | -8.6% | $66 / Sq Ft |
| 03/13/2024 03/13/24 | Pending | -- | -- | -- |
| 03/10/2024 03/10/24 | For Sale | $1,750,000 | +110.8% | $72 / Sq Ft |
| 02/01/2018 02/01/18 | Sold | $830,000 | -12.6% | $34 / Sq Ft |
| 11/14/2017 11/14/17 | Pending | -- | -- | -- |
| 06/03/2017 06/03/17 | For Sale | $950,000 | 0.0% | $39 / Sq Ft |
| 05/24/2017 05/24/17 | Pending | -- | -- | -- |
| 02/24/2017 02/24/17 | For Sale | $950,000 | -- | $39 / 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 | -- | $1,818,900 | $183,100 | $1,635,800 |
| 2024 | -- | $1,576,800 | $183,100 | $1,393,700 |
| 2023 | $0 | $1,741,800 | $159,200 | $1,582,600 |
| 2022 | $0 | $1,389,800 | $127,400 | $1,262,400 |
| 2021 | $0 | $991,400 | $101,900 | $889,500 |
| 2020 | $0 | $922,400 | $94,300 | $828,100 |
| 2019 | $0 | $890,300 | $89,500 | $800,800 |
| 2018 | $0 | $581,200 | $89,500 | $491,700 |
| 2017 | $0 | $581,200 | $89,500 | $491,700 |
| 2016 | -- | $575,000 | $73,700 | $501,300 |
| 2015 | -- | $575,000 | $73,700 | $501,300 |
| 2014 | -- | $575,000 | $73,700 | $501,300 |
Source: Public Records
Agents Affiliated with this Home
-
Alexander Colarusso
-
Andrew Freed
Buyer's Agent in 2024
Andrew Freed
Four Points Real Estate, LLC
(857) 267-6556
1 in this area
15 Total Sales
-
A
Seller's Agent in 2018
Allen Czamara
Top Notch Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73210660
APN: WORC-000003-000026-000008-000015
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