45 Plantation St Worcester, MA 01604
Grafton Hill NeighborhoodEstimated Value: $744,000 - $836,000
8
Beds
3
Baths
4,221
Sq Ft
$188/Sq Ft
Est. Value
Highlights
- Medical Services
- Deck
- Wood Flooring
- City View
- Property is near public transit
- Jogging Path
About This Home
As of December 2023**Offer deadline Tuesday, 6pm** This Grafton Hill 3-family property offers substantial income potential and is in excellent condition! The 1st floor has been thoroughly renovated with a new heating system, refinished floors, and wide open layout, plus a private back deck and a fenced turf enclosure for added outdoor space. The 2nd and 3rd floors each come with private balconies. The 4-car garage provides additional income opportunity, as does the huge room above that is heated with electricity. The house and garage roof are both just 2 years old. Each unit includes in-unit laundry and has heating. Almost all interior walls in the property have also been replastered, meaning very low maintenance. The 2nd and 3rd floors include a bonus front room that can be converted into 2 additional bedrooms. The property projects over an 8% cap rate with market rents, not including the additional garage & bonus room income. This renovated, low-maintenance property is a great opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,587
Year Built
- Built in 1915 | Remodeled
Lot Details
- 8,550 Sq Ft Lot
- Gentle Sloping Lot
Parking
- 4 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,221 Sq Ft Home
- City Views
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 3 Heating Zones
- Heating Available
Listing and Financial Details
- Total Actual Rent $5,100
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:18 B:004 L:00011,1780086
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $360
- Insurance Expense $4,500
- Water Sewer Expense $1,600
- Operating Expense $15,047
- Net Operating Income $46,153
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 17, 2018
Sold by
Paek Ki Y and Park Sungmi
Bought by
Park Sungmi
Total Days on Market
8
Current Estimated Value
Purchase Details
Closed on
Feb 29, 2008
Sold by
Alberghini Lea and Canfield Lea
Bought by
Annunziata Maryanne G and Annunziata Michael A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 27, 2000
Sold by
Ayubi M Shoaib M and Ayubi Safia K
Bought by
Hippert Timothy G and Hippert Tracey M
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Similar Homes in Worcester, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Park Sungmi | -- | -- | |
| Annunziata Maryanne G | $264,000 | -- | |
| Hippert Timothy G | $80,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramirez Levy | $577,500 | |
| Closed | Park Sungmi | $240,000 | |
| Previous Owner | Young-Paek Ki | $247,200 | |
| Previous Owner | Annunziata Maryanne G | $198,000 | |
| Previous Owner | Alberghini Lea B | $100,000 | |
| Previous Owner | Benvenuti John M | $67,000 | |
| Previous Owner | Benvenuti John M | $20,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/04/2023 12/04/23 | Sold | $770,000 | +2.8% | $182 / Sq Ft |
| 10/26/2023 10/26/23 | Pending | -- | -- | -- |
| 10/17/2023 10/17/23 | For Sale | $749,000 | +142.4% | $177 / Sq Ft |
| 09/27/2016 09/27/16 | Sold | $309,000 | +3.0% | $73 / Sq Ft |
| 08/09/2016 08/09/16 | Pending | -- | -- | -- |
| 08/06/2016 08/06/16 | For Sale | $299,900 | 0.0% | $71 / Sq Ft |
| 07/31/2016 07/31/16 | Pending | -- | -- | -- |
| 07/28/2016 07/28/16 | For Sale | $299,900 | -- | $71 / 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 | $9,643 | $731,100 | $118,100 | $613,000 |
| 2024 | $8,951 | $651,000 | $118,100 | $532,900 |
| 2023 | $8,587 | $598,800 | $102,700 | $496,100 |
| 2022 | $7,526 | $494,800 | $82,200 | $412,600 |
| 2021 | $7,013 | $430,800 | $65,800 | $365,000 |
| 2020 | $6,545 | $385,000 | $65,800 | $319,200 |
| 2019 | $5,778 | $321,000 | $59,200 | $261,800 |
| 2018 | $5,681 | $300,400 | $59,200 | $241,200 |
| 2017 | $5,362 | $279,000 | $59,200 | $219,800 |
| 2016 | $4,468 | $216,800 | $43,200 | $173,600 |
| 2015 | $4,351 | $216,800 | $43,200 | $173,600 |
| 2014 | $4,236 | $216,800 | $43,200 | $173,600 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Collette
Seller's Agent in 2023
Christopher Collette
Compass
(617) 980-6845
1 in this area
119 Total Sales
-
Buyer's Agent in 2023
Daniel Meservey
Mathieu Newton Sotheby's International Realty
(774) 364-3138
-
Seller's Agent in 2016
Joy Rapsomanikis
HJRealty Group, LLC
(508) 612-4741
-
Jason Jeon
Buyer's Agent in 2016
Jason Jeon
Compass
(617) 642-5670
85 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73171181
APN: WORC-000018-000004-000011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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