48 Tower St Worcester, MA 01606
Indian Lake East Neighborhood
5
Beds
4.5
Baths
2,654
Sq Ft
10,000
Sq Ft Lot
Highlights
- Granite Flooring
- Property is near public transit
- Jogging Path
- Deck
- Tennis Courts
- Enclosed Patio or Porch
About This Home
As of December 2024OPPORTUNIY KNOCKS to create a great, high value property, on a great lot with off street parking. The first floor is split into 2 separate units with their own access. Each individually metered for electricity and for natural gas. Front unit has 2 bedrms and the rear unit has 1 bedrm, dining area and galley kitchen. Both of these units have some hardwood floors and wall to wall carpet. The second floor unit is big and spacious with 2 good size bedrooms, an eat-in kitchen & combo living\dining rooms. Hardwood floors grace the majority of the second floor unit which also has its own electric meter and natural gas. The third floor is partially finished. The boiler and furnace appear to be on the younger side, 2 hot water heaters are recent, 1 is a bit older. There are washers/dryers in the basement, and all units are individually metered with circuit breakers. There is a one car detached garage and access to I-290 is just minutes away. Here's your chance to create some sweat equity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,223
Year Built
- Built in 1914
Parking
- 1 Car Garage
- Stone Driveway
- Off-Street Parking
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Slate Roof
Interior Spaces
- 2,654 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Dishwasher
- Washer
Flooring
- Wood
- Carpet
- Granite
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Outdoor Features
- Deck
- Enclosed Patio or Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Mcgrath Elementary School
- Forest Grove Middle School
- Burncoat High School
Utilities
- No Cooling
- 3 Heating Zones
- Heating Available
- Separate Meters
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Energy-Efficient Thermostat
- 10,000 Sq Ft Lot
Listing and Financial Details
- Total Actual Rent $1,300
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number 1775237
Community Details
Amenities
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Park
- Jogging Path
Additional Features
- 3 Units
- Net Operating Income $15,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 11, 2025
Sold by
Assaf Wassim
Bought by
Assaf Llc
Current Estimated Value
Purchase Details
Closed on
Oct 22, 1992
Sold by
Melancon Gerald and Melancon Gertrude
Bought by
Gordon John E and Luparelli Karyn
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Deed | $135,000 | -- | |
| Deed | $135,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $487,500 | Purchase Money Mortgage | |
| Previous Owner | $245,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $350,000 | Purchase Money Mortgage | |
| Previous Owner | $210,000 | No Value Available | |
| Previous Owner | $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
219 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
35 Total Sales
-
Tony Economou
Seller's Agent in 2022
Tony Economou
Re/Max Vision
(508) 868-2759
1 in this area
59 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73035392
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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