Seller's Agent in 2023
Peter Michals
Churchill Properties
(978) 790-8511
2 in this area
67 Total Sales
5 Benefit Terrace Worcester, MA 01610
Beacon Brightly NeighborhoodEstimated Value: $571,741 - $645,000
8
Beds
3
Baths
3,293
Sq Ft
$182/Sq Ft
Est. Value
About This Home
As of June 2023Welcome to this great investment opportunity in the up-and-coming city of Worcester. All units are spacious with good lighting. There have also been some updates. The Previous owner replaced roof and siding and some electrical updates approximately 10 years ago. Solar panels recently installed. They are in the process of being connected to all three units as well as the common area. The already low market rents could be increased significantly with electricity included. All three units are full of long- term tenants. All Tenants at will who pay on time creating a nice cash flow right from the start. All three units have lead certificates that indicate compliance. Close to Kelley Square and Major highways. Open house -group showing 5/27 11am-1230 pm.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,307
Year Built
- Built in 1890
Lot Details
- 3,180
Home Design
- Brick Foundation
- Block Foundation
- Shingle Roof
Interior Spaces
- 3,293 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Parking
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Porch
Listing and Financial Details
- Total Actual Rent $3,550
- Assessor Parcel Number 1767892
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Net Operating Income $42,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 18, 2012
Sold by
Higgins Jefrey
Bought by
Wcnl Properties Llc
Current Estimated Value
Purchase Details
Listed on
Nov 4, 2011
Closed on
Feb 28, 2012
Sold by
Fnma
Bought by
Higgins Jeffrey
Seller's Agent
Nilton Lisboa
Lisboa Realty
Buyer's Agent
Richard Anzalone
Remax A-Team
List Price
$69,900
Sold Price
$67,000
Premium/Discount to List
-$2,900
-4.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.53%
Purchase Details
Closed on
Oct 12, 2011
Sold by
Gilbert David A and Bank Of America Na
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Oct 13, 1992
Sold by
Tomaiolo Phyllis
Bought by
Gilbert David A and Gilbert Cindy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,800
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 27, 1990
Sold by
Bank Of New England
Bought by
Tomaiolo Phyllis M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000
Interest Rate
10.01%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wcnl Properties Llc | -- | -- | |
| Higgins Jeffrey | $67,000 | -- | |
| Federal National Mortgage Association | $183,022 | -- | |
| Gilbert David A | $70,000 | -- | |
| Tomaiolo Phyllis M | $47,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tomaiolo Phyllis M | $115,000 | |
| Previous Owner | Tomaiolo Phyllis M | $85,000 | |
| Previous Owner | Tomaiolo Phyllis M | $67,800 | |
| Previous Owner | Tomaiolo Phyllis M | $7,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2023 06/29/23 | Sold | $505,000 | +4.1% | $153 / Sq Ft |
| 06/11/2023 06/11/23 | Off Market | $485,000 | -- | -- |
| 05/28/2023 05/28/23 | Pending | -- | -- | -- |
| 05/24/2023 05/24/23 | For Sale | $485,000 | +14.1% | $147 / Sq Ft |
| 11/18/2021 11/18/21 | Sold | $425,000 | -15.0% | $129 / Sq Ft |
| 10/04/2021 10/04/21 | Pending | -- | -- | -- |
| 09/24/2021 09/24/21 | For Sale | -- | -- | -- |
| 09/17/2021 09/17/21 | Pending | -- | -- | -- |
| 08/08/2021 08/08/21 | For Sale | $499,900 | +646.1% | $152 / Sq Ft |
| 02/28/2012 02/28/12 | Sold | $67,000 | -4.1% | $22 / Sq Ft |
| 01/29/2012 01/29/12 | Pending | -- | -- | -- |
| 11/04/2011 11/04/11 | For Sale | $69,900 | -- | $23 / 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 | $6,536 | $495,500 | $47,100 | $448,400 |
| 2024 | $5,778 | $420,200 | $47,100 | $373,100 |
| 2023 | $5,307 | $370,100 | $37,800 | $332,300 |
| 2022 | $4,639 | $305,000 | $29,000 | $276,000 |
| 2021 | $3,733 | $229,300 | $23,200 | $206,100 |
| 2020 | $4,333 | $254,900 | $23,300 | $231,600 |
| 2019 | $3,564 | $198,000 | $22,900 | $175,100 |
| 2018 | $3,604 | $190,600 | $22,900 | $167,700 |
| 2017 | $3,390 | $176,400 | $22,900 | $153,500 |
| 2016 | $3,419 | $165,900 | $19,700 | $146,200 |
| 2015 | $4,096 | $204,100 | $19,700 | $184,400 |
| 2014 | $3,988 | $204,100 | $19,700 | $184,400 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Michals
-
Frances Alvarez
Buyer's Agent in 2023
Frances Alvarez
Palace Realty Boston
(508) 904-6943
1 in this area
32 Total Sales
-
Jeffrey Higgins
J
Seller's Agent in 2021
Jeffrey Higgins
Jeffrey Higgins, RE Broker
(508) 340-3488
1 in this area
7 Total Sales
-
Nilton Lisboa
Seller's Agent in 2012
Nilton Lisboa
Lisboa Realty
(508) 667-1439
93 Total Sales
-
Richard Anzalone
Buyer's Agent in 2012
Richard Anzalone
RE/MAX
(508) 736-5731
111 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73115541
APN: WORC-000006-000031-000009
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