48 Tower St Worcester, MA 01606
Indian Lake East Neighborhood
5
Beds
4
Baths
2,654
Sq Ft
10,000
Sq Ft Lot
Highlights
- Golf Course Community
- Property is near public transit
- Jogging Path
- Deck
- Wood Flooring
- Porch
About This Home
As of December 2024Stunning three unit building in sought after Indian Lake area* Two units on the first floor: Front unit has 2 bedrooms, large living room and kitchen and updated full bath* Rear unit features one bedroom with a living room, kitchen and full bath* Huge second level unit with two bedrooms, living room, dining room, updated full bath and great kitchen* Walkup third floor level is 70% finished with full bath and may be added to second floor* Full basement with bathroom* New siding, roof and windows* Detached one car garage* recent decks and exterior stairs* Close to schools and shopping* minutes to major highways* Walk to a nice beach at Indian Lake park* Fully rented with great tenants!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,647
Year Built
- Built in 1914
Lot Details
- 10,000 Sq Ft Lot
- Level Lot
Parking
- 1 Car Garage
- Unpaved Parking
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,654 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Insulated Doors
- Living Room
- Dining Room
- Storm Doors
- Range
- Washer and Electric Dryer Hookup
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Outdoor Features
- Deck
- Shed
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- 100 Amp Service
- High Speed Internet
Listing and Financial Details
- Total Actual Rent $4,538
- Rent includes unit 1(water), unit 3(water)
- Assessor Parcel Number M:13 B:016 L:00002,1775237
Community Details
Recreation
- Golf Course Community
- Park
- Jogging Path
Building Details
- Electric Expense $360
- Insurance Expense $3,000
- Water Sewer Expense $2,000
- Operating Expense $5,360
- Net Operating Income $49,096
Additional Features
- 3 Units
- Shops
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 22, 1992
Sold by
Melancon Gerald and Melancon Gertrude
Bought by
Gordon John E and Luparelli Karyn
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,097
Interest Rate
7.79%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Worcester, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $135,000 | -- | |
| Deed | $135,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $487,500 | Purchase Money Mortgage | |
| Closed | $487,500 | Purchase Money Mortgage | |
| Closed | $245,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $350,000 | Purchase Money Mortgage | |
| Closed | $210,000 | No Value Available | |
| Closed | $132,097 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/09/2024 12/09/24 | Sold | $650,000 | -3.0% | $245 / Sq Ft |
| 10/13/2024 10/13/24 | Pending | -- | -- | -- |
| 09/03/2024 09/03/24 | For Sale | $669,900 | +91.4% | $252 / Sq Ft |
| 11/30/2022 11/30/22 | Sold | $350,000 | -12.5% | $132 / Sq Ft |
| 09/30/2022 09/30/22 | Pending | -- | -- | -- |
| 09/26/2022 09/26/22 | For Sale | $399,900 | 0.0% | $151 / Sq Ft |
| 09/20/2022 09/20/22 | Pending | -- | -- | -- |
| 09/12/2022 09/12/22 | For Sale | $399,900 | -- | $151 / 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 | $6,007 | $455,400 | $118,700 | $336,700 |
| 2024 | $5,647 | $410,700 | $118,700 | $292,000 |
| 2023 | $5,692 | $396,900 | $103,200 | $293,700 |
| 2022 | $5,223 | $343,400 | $82,600 | $260,800 |
| 2021 | $4,770 | $293,000 | $66,100 | $226,900 |
| 2020 | $4,497 | $264,500 | $66,100 | $198,400 |
| 2019 | $4,505 | $250,300 | $59,500 | $190,800 |
| 2018 | $4,423 | $233,900 | $59,500 | $174,400 |
| 2017 | $4,228 | $220,000 | $59,500 | $160,500 |
| 2016 | $4,155 | $201,600 | $43,700 | $157,900 |
| 2015 | $4,046 | $201,600 | $43,700 | $157,900 |
| 2014 | $3,939 | $201,600 | $43,700 | $157,900 |
Source: Public Records
Agents Affiliated with this Home
-
David Stead
Seller's Agent in 2024
David Stead
RE/MAX
(508) 635-9910
5 in this area
222 Total Sales
-
Joseph Sama
Buyer's Agent in 2024
Joseph Sama
The O'Rourke Group Real Estate Professionals
(508) 410-2731
1 in this area
36 Total Sales
-
Tony Economou
Seller's Agent in 2022
Tony Economou
Re/Max Vision
(508) 868-2759
1 in this area
62 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73283806
APN: WORC-000013-000016-000002
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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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