Kelly Nelson
Blue Sky Realty
(774) 772-5572
56 Total Sales
4 in University Park
$520K - $668K Price Range
5 Claremont St Worcester, MA 01610
University Park NeighborhoodEstimated Value: $1,342,957
16
Beds
4
Baths
13,025
Sq Ft
$103/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit and schools
- 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
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,021
Year Built
- Built in 1896
Lot Details
- 29,620 Sq Ft 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 and 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
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
Apr 15, 2022
Closed on
May 20, 2022
Sold by
Ring City Llc
Bought by
Seller's Agent
Matthew Pierce
Marcus & Millichap Real Estate Investment Services
Buyer's Agent
Lisa Pazol
Keller Williams Elite
List Price
$1,200,000
Sold Price
$1,170,000
Premium/Discount to List
-$30,000
-2.5%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,957
Avg. Annual Appreciation
3.34%
Original Mortgage
$780,000
Outstanding Balance
$737,621
Interest Rate
5.81%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$605,336
Purchase Details
Closed on
Dec 21, 2018
Sold by
Hampton Properties Llc
Bought by
Ring City Llc
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in University Park, MA
-
Kelly Nelson
-
Luis Torres
Luis Torres
RE/MAX Prof Associates
(351) 300-4323
101 Total Sales
4 in University Park
$220K - $620K Price Range
-
Shiloh Therrien
Shiloh Therrien
The Neighborhood Realty Group
(774) 224-8299
58 Total Sales
1 in University Park
$255,000 Price
-
Diane Luong
Diane Luong
RE/MAX Vision
(774) 515-4567
153 Total Sales
1 in University Park
$520,000 Price
-
James Kalogeropoulos
James Kalogeropoulos
RE/MAX Partners
(774) 545-8720
85 Total Sales
4 in University Park
$499K - $1.3M Price Range
-
Michael Giovangelo
Michael Giovangelo
Better Living Real Estate, LLC
(774) 341-5232
59 Total Sales
1 in University Park
$550,000 Price
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 |
|---|---|---|---|
| $1,170,000 | None Available | ||
| Ring City Llc | $885,000 | -- | |
| Hampton Prop Llc | $410,000 | -- |
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 | $780,000 | ||
| Closed | Jaboti Llc | $800,000 | |
| Closed | Jaboti Llc | $800,000 | |
| Previous Owner | Ring City Llc | $623,000 | |
| Closed | Hampton Properties Llc | $250,000 | |
| Closed | Hampton Properties Llc | $660,000 | |
| Previous Owner | Hampton Properties Llc | $250,000 | |
| Closed | Hampton Props Llc | $492,000 | |
| Closed | Hampton Props Llc | $468,750 |
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 |
|---|---|---|---|---|
| 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
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 | -- | $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
-
Matthew Pierce
Seller's Agent in 2022
Matthew Pierce
Marcus & Millichap Real Estate Investment Services
(617) 896-7200
3 in this area
4 Total Sales
-
Lisa Pazol
Buyer's Agent in 2022
Lisa Pazol
Keller Williams Elite
(508) 733-6447
1 in this area
54 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72967100
APN: WORC-000006-000037-000028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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