Seller's Agent in 2022
Matthew Pierce
Marcus & Millichap Real Estate Investment Services
(617) 896-7200
3 in this area
4 Total Sales
5 Claremont St Worcester, MA 01610
University Park NeighborhoodEstimated Value: $1,294,430
16
Beds
4
Baths
13,025
Sq Ft
$99/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Corner Lot
- 0.68 Acre Lot
- Wood Flooring
- Mud Room
About This Home
As of June 2022The Claremont House is an international student housing building located in Worcester, MA. The 13,000+ square foot historic building is located across the street from Claremont Academy on a double-corner lot of .68 acres with parking for approximately twelve vehicles. The building provides tenants two full-kitchens on the first and third floor, four full bathrooms, living and dining areas, along with coin-op laundry. Investors have the ability to acquire a one-of-a-kind asset located in a highly demanded location on the edge of Clark University with close proximity to College of Holy Cross, WPI, downtown, Polar Park and other local restaurants and amenities. Building to be sold fully furnished. As the second largest city in New England, accompanied by nearly 20% appreciation over the past two years, investors have the ability to acquire a cash flowing asset with significant upside to accomplish double digit cash on cash returns.
Last Agent to Sell the Property
Marcus & Millichap Real Estate Investment Services Listed on: 04/15/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,021
Year Built
- Built in 1896
Lot Details
- 0.68 Acre Lot
- Fenced
- Corner Lot
Home Design
- Brick Foundation
- Stone Foundation
- Concrete Perimeter Foundation
Interior Spaces
- 13,025 Sq Ft Home
- Mud Room
- Living Room
- Dining Room
- Wood Flooring
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 4 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 12 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- 2 Heating Zones
- 220 Volts
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $11,050
- Assessor Parcel Number 1768060
Community Details
Overview
- 16 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
Building Details
- Net Operating Income $60,438
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 21, 2018
Sold by
Hampton Properties Llc
Bought by
Ring City Llc
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
$623,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 22, 2004
Sold by
Independent Living Adu
Bought by
Hampton Prop Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ring City Llc | $885,000 | -- | |
| Hampton Prop Llc | $410,000 | -- | |
| Hampton Prop Llc | $410,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jaboti Llc | $780,000 | |
| Closed | Jaboti Llc | $800,000 | |
| Closed | Ring City Llc | $623,000 | |
| Previous Owner | Hampton Properties Llc | $250,000 | |
| Previous Owner | Hampton Properties Llc | $660,000 | |
| Previous Owner | Hampton Properties Llc | $250,000 | |
| Previous Owner | Hampton Prop Llc | $492,000 | |
| Previous Owner | Hampton Prop Llc | $468,750 | |
| Previous Owner | Hampton Property Llc | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/23/2022 06/23/22 | Sold | $1,170,000 | -2.5% | $90 / Sq Ft |
| 04/18/2022 04/18/22 | Pending | -- | -- | -- |
| 04/15/2022 04/15/22 | For Sale | $1,200,000 | -- | $92 / 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 | -- | $1,168,500 | $147,500 | $1,021,000 |
| 2024 | -- | $1,043,000 | $147,500 | $895,500 |
| 2023 | $0 | $939,100 | $128,200 | $810,900 |
| 2022 | $0 | $748,700 | $102,500 | $646,200 |
| 2021 | $0 | $536,500 | $82,000 | $454,500 |
| 2020 | $9,834 | $587,200 | $81,300 | $505,900 |
| 2019 | $0 | $478,900 | $71,400 | $407,500 |
| 2018 | $0 | $464,400 | $71,400 | $393,000 |
| 2017 | $0 | $464,400 | $71,400 | $393,000 |
| 2016 | -- | $439,100 | $52,700 | $386,400 |
| 2015 | -- | $439,100 | $52,700 | $386,400 |
| 2014 | $7,767 | $439,100 | $52,700 | $386,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Lisa Pazol
Keller Williams Elite
(508) 733-6447
1 in this area
62 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72967100
APN: WORC-000006-000037-000028
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