27 Lafayette St Worcester, MA 01608
Green Island Neighborhood
8
Beds
3
Baths
2,697
Sq Ft
4,393
Sq Ft Lot
About This Home
As of July 2023Motivated seller! Three-family with a huge parking lot in the city's most actively developed area. Property is stabilized and currently makes $4600 in rents per month. All units are below market value and the total rent could be $5300. There is additional income from the newly setup coin-op laundry. Pro forma financial statement available upon request. Sits in a very lively neighborhood, short walk to the Polar Park and the Canal District with bars, restaurants and the Worcester Public Market. Off street parking for up to 10 cars. All 3 units have some updates done in the past 2 years. 3 furnaces installed in 2016. Lead certificates for all units. Landlord meter. Unit 3 is TAW. Potential for future expansion with a large walk-up attic. Great opportunity to own a piece of real estate in the city's most thriving and transforming area. Suitable for owner occupants or investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,098
Year Built
- Built in 1890
Lot Details
- 4,393 Sq Ft Lot
Home Design
- Triplex
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,697 Sq Ft Home
- Dirt Floor
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Parking
- 10 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Utilities
- 200+ Amp Service
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $4,600
- Assessor Parcel Number 1765979
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Net Operating Income $55,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 16, 2024
Sold by
Kortz Erik and Balsavich Steven
Bought by
27 Lafayette St Rt Llc
Total Days on Market
28
Current Estimated Value
Purchase Details
Closed on
Apr 30, 2015
Sold by
Catino Jesse
Bought by
Catino Jesse and Attanasio Rita
Purchase Details
Closed on
Oct 19, 2009
Sold by
Greenpoint Loan T and Greenpoint Mortgage Fu
Bought by
Catino Jesse
Purchase Details
Closed on
Mar 30, 2009
Sold by
Greenpoint Mtg Funding and Gallagher
Bought by
Greenpoint Loan T
Purchase Details
Closed on
Nov 30, 2000
Sold by
Tatnuck Rlty Dev T and Caron
Bought by
Gallagher Charles P
Map
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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 | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $110,000 | -- | |
| Deed | $110,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Foreclosure Deed | $124,900 | -- | |
| Deed | $26,857 | -- | |
| Deed | $26,857 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $345,000 | Purchase Money Mortgage | |
| Previous Owner | $204,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $180,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $159,000 | New Conventional | |
| Previous Owner | $150,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2023 07/10/23 | Sold | $460,000 | -16.3% | $171 / Sq Ft |
| 06/01/2023 06/01/23 | Pending | -- | -- | -- |
| 05/24/2023 05/24/23 | Price Changed | $549,900 | -3.5% | $204 / Sq Ft |
| 05/15/2023 05/15/23 | Price Changed | $569,900 | -1.7% | $211 / Sq Ft |
| 05/03/2023 05/03/23 | For Sale | $579,900 | +173.5% | $215 / Sq Ft |
| 05/16/2016 05/16/16 | Sold | $212,000 | -3.6% | $79 / Sq Ft |
| 03/07/2016 03/07/16 | Pending | -- | -- | -- |
| 01/19/2016 01/19/16 | Price Changed | $219,900 | -4.3% | $82 / Sq Ft |
| 12/03/2015 12/03/15 | Price Changed | $229,900 | -4.2% | $85 / Sq Ft |
| 07/24/2015 07/24/15 | For Sale | $239,900 | -- | $89 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $6,052 | $458,800 | $58,100 | $400,700 |
| 2024 | $6,641 | $483,000 | $58,100 | $424,900 |
| 2023 | $6,099 | $425,300 | $46,600 | $378,700 |
| 2022 | $5,509 | $362,200 | $37,300 | $324,900 |
| 2021 | $4,682 | $287,600 | $29,800 | $257,800 |
| 2020 | $4,357 | $256,300 | $29,900 | $226,400 |
| 2019 | $4,606 | $255,900 | $29,500 | $226,400 |
| 2018 | $4,126 | $218,200 | $29,500 | $188,700 |
| 2017 | $3,890 | $202,400 | $29,500 | $172,900 |
| 2016 | $3,897 | $189,100 | $24,300 | $164,800 |
| 2015 | $3,795 | $189,100 | $24,300 | $164,800 |
| 2014 | -- | $189,100 | $24,300 | $164,800 |
Source: Public Records
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73106181
APN: WORC-000005-000021-000074
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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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