NOT LISTED FOR SALE

Estimated Value: $716,000 - $813,000

9 Beds
3 Baths
3,600 Sq Ft
$211/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $570,000 $158 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,691/month

5 Days on Market

Highlights

  • Granite Flooring
  • 1 Fireplace
  • Laundry Room
  • Waterfront
  • Enclosed Patio or Porch
  • Fenced

About This Home

As of August 2021

INVESTORS TAKE NOTICE! Rare opportunity to own a multi-family situated in one of Worcester's best location for investors! Long Term! Grafton Hill! Subject property is only a mile away from UMASS main campus. Attached, are invoices to show that over $100k in work has been recently done. Including New roof, siding, electrical, windows & cosmetic. Hot water tank recently replaced. Long term tenants and property has been managed by a property management company. Existing property manager can assist in rentals with a new owner if needed. There is some foundation work that will needed attention one day in the basement of the front left wall. Agent can provide a detail report from legal engineer for foundation issues. Other than that issue this is a turn key! property!

Last Agent to Sell the Property

Nicholas Ceppi

Khattar Realty, Inc. Listed on: 05/19/2021

Last Buyer's Agent

Nicholas Ceppi

Khattar Realty, Inc. Listed on: 05/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,993

Year Built

  • Built in 1905

Lot Details

  • 3,485 Sq Ft Lot
  • Waterfront
  • Street terminates at a dead end
  • Fenced

Home Design

  • Triplex
  • Manufactured Home on a slab
  • Shingle Roof
  • Stone

Interior Spaces

  • 3,600 Sq Ft Home
  • 1 Fireplace
  • Insulated Windows

Flooring

  • Wood
  • Granite
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Basement

  • Dirt Floor
  • Block Basement Construction

Parking

  • 4 Car Parking Spaces
  • Stone Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,695
  • Rent includes unit 1(water none)
  • Assessor Parcel Number 1781259

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Insurance Expense $3,343
  • Water Sewer Expense $2,400
  • Operating Expense $10,736
  • Net Operating Income $45,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,993

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1905
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl,Hardwood
  • Interior Amenities: Unit 1(Pantry), Unit 1 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Unit 1 Laundry Room
  • Basement: Dirt Floor, Concrete
  • Living Area: 3600
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: K95633
  • MAIN SO: K95633

Exterior Features

  • Construction Materials: Stone
  • Fencing: Fenced/Enclosed
  • Foundation Details: Granite, Slab
  • Patio And Porch Features: Enclosed, Patio
  • Road Frontage Type: Dead End
  • Roof: Shingle
  • Waterfront Features: Beach Front, Lake/Pond, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Driveway, Stone/Gravel
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer
  • Heating: Unit 1(Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water,None)

Fee Information

  • Water Sewer Expenses: 2400

Lot Info

  • Parcel Number: 1781259
  • Zoning: RL-7
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484.8
  • Lot Size Units: Acres
  • LOT SIZE: 3435

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4993

Multi Family

  • Insurance Expense: 3343
  • Net Operating Income: 45604
  • Number Of Units Total: 3
  • Operating Expense: 10736
  • Total Actual Rent: 4695
  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2022
Sold by
Portillo Richard J and Portillo Kana
Bought by
Partner Holdings Llc
Current Estimated Value
$760,567

Purchase Details

Listed on
May 19, 2021
Closed on
Aug 18, 2021
Sold by
Slp Properties Llc
Bought by
Portillo Richard J and Portillo Kana
Seller's Agent
Nicholas Ceppi
Khattar Realty, Inc.
Buyer's Agent
Nicholas Ceppi
Khattar Realty, Inc.
List Price
$564,990
Sold Price
$570,000
Premium/Discount to List
$5,010
0.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$427,500
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2020
Sold by
Song Jiaxi
Bought by
Slp Properties Llc

Purchase Details

Closed on
Jul 24, 2019
Sold by
Slp Properties Llc
Bought by
Song Jiaxi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 3, 2018
Closed on
Jan 24, 2019
Sold by
Capers Michael
Bought by
Slp Properties Llc
Seller's Agent
Jeffrey Brodeur
Keller Williams Pinnacle Central
Buyer's Agent
Justin Jarboe
Keller Williams Pinnacle Central
List Price
$270,000
Sold Price
$280,000
Premium/Discount to List
$10,000
3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.71%

Purchase Details

Closed on
Apr 6, 2007
Sold by
Mancini Kathleen S and Capers Marilyn D
Bought by
Capers Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,200
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Partner Holdings Llc -- None Available
Portillo Richard J $570,000 None Available
Slp Properties Llc -- None Available
Song Jiaxi -- --
Slp Properties Llc $269,000 --
Capers Michael $225,000 --
Capers Michael $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Portillo Richard J $427,500
Previous Owner Song Jiaxi $156,000
Previous Owner Capers Michael $160,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2021 08/18/21 Sold $570,000 +0.9% $158 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $564,990 +101.8% $157 / Sq Ft
03/07/2019 03/07/19 Sold $280,000 +3.7% $82 / Sq Ft View Prior Sale
12/08/2018 12/08/18 Pending -- -- --
12/03/2018 12/03/18 For Sale $270,000 -- $79 / 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 $8,570 $649,700 $109,800 $539,900
2024 $7,930 $576,700 $109,800 $466,900
2023 $7,584 $528,900 $95,400 $433,500
2022 $6,597 $433,700 $76,300 $357,400
2021 $4,993 $306,700 $61,100 $245,600
2020 $4,658 $274,000 $61,100 $212,900
2019 $3,308 $183,800 $54,900 $128,900
2018 $3,273 $173,100 $54,900 $118,200
2017 $3,114 $162,000 $54,900 $107,100
2016 $2,902 $140,800 $41,300 $99,500
2015 $2,826 $140,800 $41,300 $99,500
2014 $2,751 $140,800 $41,300 $99,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72834077

MLS Property Information Network (MLS PIN)

APN: WORC-000018-000042-000012-000013