Justin Panarelli
Panarelli Properties, Inc.
(774) 300-3076
50 Total Sales
1 in University Park
$380,000 Price
47 Jaques Ave Worcester, MA 01610
University Park Neighborhood
11
Beds
4
Baths
5,112
Sq Ft
3,240
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit and schools
- Covered Patio or Porch
- Deck
- Wood Flooring
- Balcony
About This Home
As of August 2023Look no further! This Massive Turn key 4 family property has gone through recent renovations including New Roof (2022), Stoves in every unit have been replaced (2023), New Hot water heater for unit 2. But thats not all, Unit 2 was also tastefully updated with new flooring, new lighting, and fresh paint. Apartment 1 underwent complete renovation including New Kitchen, New Bath, Flooring, and Fresh Paint. Ready and waiting for the new owners to move in. Located in the heart of Worcester, situated 1 block from U-Mass Memorial Medical Center. Sitting close to the bus station, and under 2 mile from major highways making your commute to work a breeze. Boasting over 5,100 sqft this property offers plenty of space for you and your tenants without sharing much common space, as each unit has it's own storage and private balcony. This Multifamily has the size and location for both owner occupied and investors alike. Don't wait before it's too late!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,322
Year Built
- Built in 1910
Lot Details
- 3,240 Sq Ft Lot
- Fenced
- Sloped Lot
Parking
- Open Parking
Home Design
- 5,112 Sq Ft Home
- Stone Foundation
- Frame Construction
- Shingle Roof
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 11 Bedrooms
- 4 Full Bathrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Balcony
- Deck
- Covered Patio or Porch
- Rain Gutters
Location
- Property is near public transit and schools
Utilities
- Cooling Available
- 4 Heating Zones
- Heating Available
- 100 Amp Service
- Natural Gas Connected
Listing and Financial Details
- Total Actual Rent $4,700
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number M:06 B:016 L:00030,1767390
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
Building Details
- Net Operating Income $56,400
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2023
Closed on
Aug 18, 2023
Sold by
Bought by
Seller's Agent
Legacy Direct Realty Team
RE/MAX Synergy
Buyer's Agent
Jie Zhou
StartPoint Realty
List Price
$799,900
Sold Price
$820,000
Premium/Discount to List
$20,100
2.51%
Views
27
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Mar 28, 2022
Closed on
Jun 17, 2022
Sold by
Bought by
Seller's Agent
Jason Fanning
RE/MAX Vision
Buyer's Agent
Jeffrey Touron
RE/MAX Synergy
List Price
$489,900
Sold Price
$500,000
Premium/Discount to List
$10,100
2.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.18%
Original Mortgage
$400,000
Interest Rate
5.27%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in University Park, MA
-
Justin Panarelli
-
Gabriel Vieira
Gabriel Vieira
Mega Realty Services
(508) 469-5014
52 Total Sales
1 in University Park
$770,000 Price
-
Marie Presti
Marie Presti
Barrett Sotheby's International Realty
(857) 336-1481
104 Total Sales
1 in University Park
$667,500 Price
-
Katie Bilotta
Katie Bilotta
ERA Key Realty Services - Worcester
(508) 552-9412
43 Total Sales
1 in University Park
$267,000 Price
-
Myai Emery-Le
Myai Emery-Le
Emery-Le Team Realty, LLC
(508) 552-4898
41 Total Sales
1 in University Park
$644,000 Price
-
Kelly Nelson
Kelly Nelson
Blue Sky Realty
(774) 772-5572
57 Total Sales
5 in University Park
$520K - $765K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $820,000 | None Available | ||
| $485,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $600,000 | ||
| Closed | $615,000 | ||
| Previous Owner | $400,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/18/2023 08/18/23 | Sold | $820,000 | +2.5% | $160 / Sq Ft | |
| 07/17/2023 07/17/23 | Pending | -- | -- | -- | |
| 07/11/2023 07/11/23 | For Sale | $799,900 | +60.0% | $156 / Sq Ft | |
| 06/21/2022 06/21/22 | Sold | $500,000 | +2.1% | $97 / Sq Ft | View Prior Sale |
| 04/29/2022 04/29/22 | Pending | -- | -- | -- | |
| 04/21/2022 04/21/22 | For Sale | $489,900 | 0.0% | $95 / Sq Ft | |
| 04/19/2022 04/19/22 | Pending | -- | -- | -- | |
| 04/10/2022 04/10/22 | For Sale | $489,900 | 0.0% | $95 / Sq Ft | |
| 04/04/2022 04/04/22 | Pending | -- | -- | -- | |
| 03/28/2022 03/28/22 | For Sale | $489,900 | -- | $95 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $10,555 | $800,200 | $34,700 | $765,500 |
| 2024 | $6,751 | $491,000 | $34,700 | $456,300 |
| 2023 | $7,322 | $510,600 | $54,300 | $456,300 |
| 2022 | $6,388 | $420,000 | $43,400 | $376,600 |
| 2021 | $5,343 | $328,200 | $34,700 | $293,500 |
| 2020 | $4,809 | $282,900 | $32,200 | $250,700 |
| 2019 | $4,943 | $274,600 | $34,400 | $240,200 |
| 2018 | $4,650 | $245,900 | $34,400 | $211,500 |
| 2017 | $4,353 | $226,500 | $34,400 | $192,100 |
| 2016 | $4,728 | $229,400 | $23,600 | $205,800 |
| 2015 | $4,604 | $229,400 | $23,600 | $205,800 |
| 2014 | $4,482 | $229,400 | $23,600 | $205,800 |
Source: Public Records
Agents Affiliated with this Home
-
Legacy Direct Realty Team
Seller's Agent in 2023
Legacy Direct Realty Team
RE/MAX
1 in this area
32 Total Sales
-
Jeffrey Touron
Seller Co-Listing Agent in 2023
Jeffrey Touron
RE/MAX
(774) 204-4283
2 in this area
43 Total Sales
-
Jie Zhou
J
Buyer's Agent in 2023
Jie Zhou
StartPoint Realty
1 in this area
12 Total Sales
-
Jason Fanning
Seller's Agent in 2022
Jason Fanning
Re/Max Vision
(508) 450-4718
2 in this area
39 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73134570
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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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