42 Velander St Worcester, MA 01605
Bell Hill Neighborhood
6
Beds
3
Baths
3,039
Sq Ft
4,792
Sq Ft Lot
Highlights
- Medical Services
- Wood Flooring
- Tennis Courts
- Property is near public transit
- Community Pool
- Porch
About This Home
As of September 2023This is an amazing opportunity to get a fixer upper multi family in one of the hottest Real Estate markets in the country. This 3 unit 2bed/1bath per unit multi is in need of repairs with major upside when the repairs are completed. Minutes away from the WooSox and minutes away from 290/Rte 9 and 90. Great commuter location. This opportunity to build equity in a multi family doesn't come around often. Buyer and buyer representation to do their own due diligence prior to submitting an offer. There are no promises or warranties expressed or implied. Seller has never lived in the property. Selling as is where is. TAW agreements to stay in place until 8/31/22 with all 3 units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,878
Year Built
- Built in 1900
Home Design
- Stone Foundation
- Shingle Roof
Interior Spaces
- 3,039 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
- Driveway
- Open Parking
Location
- Property is near public transit
- Property is near schools
Schools
- Jacob Hiatt Mag Elementary School
- University Pk Middle School
- North High School
Utilities
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Porch
- 4,792 Sq Ft Lot
Listing and Financial Details
- Total Actual Rent $2,195
- Assessor Parcel Number M:16 B:002 L:00023,1777687
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
Additional Features
- 3 Units
- Net Operating Income $23,940
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 14, 2023
Closed on
Sep 8, 2023
Sold by
Domain Builders Llc
Bought by
Kurnala Vineeth and Vangala Pranitha
Seller's Agent
Kimberly McGhee
RE/MAX Vision
Buyer's Agent
Jonathan Cabezas
Coldwell Banker Realty - Lexington
List Price
$599,000
Sold Price
$647,000
Premium/Discount to List
$48,000
8.01%
Total Days on Market
14
Views
53
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
$10,685
Avg. Annual Appreciation
0.92%
Original Mortgage
$485,250
Outstanding Balance
$476,991
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$180,694
Similar Homes in Worcester, MA
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $647,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $485,250 | Purchase Money Mortgage | |
| Previous Owner | $427,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $310,000 | Purchase Money Mortgage | |
| Previous Owner | $260,000 | Purchase Money Mortgage | |
| Previous Owner | $30,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2023 09/08/23 | Sold | $647,000 | +8.0% | $208 / Sq Ft |
| 07/18/2023 07/18/23 | Pending | -- | -- | -- |
| 07/14/2023 07/14/23 | For Sale | $599,000 | +68.7% | $192 / Sq Ft |
| 05/05/2022 05/05/22 | Sold | $355,000 | -4.0% | $117 / Sq Ft |
| 04/19/2022 04/19/22 | Pending | -- | -- | -- |
| 04/15/2022 04/15/22 | Price Changed | $369,943 | +5.7% | $122 / Sq Ft |
| 04/15/2022 04/15/22 | For Sale | $349,943 | 0.0% | $115 / Sq Ft |
| 04/11/2022 04/11/22 | Pending | -- | -- | -- |
| 04/04/2022 04/04/22 | For Sale | $349,943 | -- | $115 / 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 | $8,527 | $646,500 | $79,200 | $567,300 |
| 2024 | $5,159 | $375,200 | $79,200 | $296,000 |
| 2023 | $4,924 | $343,400 | $68,800 | $274,600 |
| 2022 | $4,277 | $281,200 | $55,100 | $226,100 |
| 2021 | $3,878 | $238,200 | $44,100 | $194,100 |
| 2020 | $3,602 | $211,900 | $43,800 | $168,100 |
| 2019 | $3,578 | $198,800 | $38,200 | $160,600 |
| 2018 | $3,504 | $185,300 | $38,200 | $147,100 |
| 2017 | $3,294 | $171,400 | $38,200 | $133,200 |
| 2016 | $3,118 | $151,300 | $27,700 | $123,600 |
| 2015 | $3,037 | $151,300 | $27,700 | $123,600 |
| 2014 | $2,956 | $151,300 | $27,700 | $123,600 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly McGhee
Seller's Agent in 2023
Kimberly McGhee
Re/Max Vision
(508) 826-5811
1 in this area
36 Total Sales
-
Jonathan Cabezas
Buyer's Agent in 2023
Jonathan Cabezas
Coldwell Banker Realty - Lexington
(508) 851-0185
2 in this area
50 Total Sales
-
Jaquaine Coe
Seller's Agent in 2022
Jaquaine Coe
The LGCY Group LLC
(508) 989-6943
3 in this area
82 Total Sales
-
Bethany McNaught
B
Seller Co-Listing Agent in 2022
Bethany McNaught
The LGCY Group LLC
(508) 989-6943
2 in this area
10 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72961837
APN: WORC-000016-000002-000023
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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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