5 Locust Ave Worcester, MA 01604
Lake Park NeighborhoodEstimated Value: $609,114 - $728,000
6
Beds
2
Baths
3,053
Sq Ft
$224/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Property is near public transit
- Tennis Courts
- Medical Services
- Wood Flooring
- Jogging Path
About This Home
As of July 2022Multiple Offers Received...Highest & Best by 6/28 @ 12pm Noon! Updated 2 Family Home with Many Updates! Perfect for Either an Investor with the Potential to Bring In Solid Rental Income or an Owner Occupied Looking to Get Into the Multi-Family Market. Main Level Features a Spectacular Kitchen with All New SS Appliances, an Island to Entertain Guests/Family, a Large Separate Dining Room, and Living Room with an Additional Seating/Reading/Play Area. Three Large Bedrooms with Plenty of Space and an Additional Bedroom that Could Also be Used as an Office. Separate Laundry Area and Enclosed Front Porch. The Lower Level has an Eat-In Kitchen with an Island and New SS Appliances, a Separate Laundry Area, 2 Large Bedrooms with a Family Room, and Plenty of Storage All Around. Large Backyard with a Nice Fire Pit Area, Two Car Garage, and Plenty Off-Street Parking. Close to White City Shopping Center, UMASS Medical Hospital, and Major Routes (9 & 20). Don't Miss this Opportunity to Own or Invest!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,006
Year Built
- Built in 1931
Lot Details
- 7,670 Sq Ft Lot
- Level Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,053 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 2 Heating Zones
- Heating Available
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Rent includes unit 1(none other (see remarks)), unit 2(none other (see remarks))
- Assessor Parcel Number M:17 B:014 L:00030,1779153
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 19, 2021
Closed on
Aug 9, 2021
Sold by
Labellarte Luigi J
Bought by
Labellarte Louis J and Coneo Yudis B
Seller's Agent
Karynsue Marchione-Reilly
Park Place Realty Enterprises
Buyer's Agent
Karynsue Marchione-Reilly
Park Place Realty Enterprises
List Price
$211,000
Sold Price
$272,000
Premium/Discount to List
$61,000
28.91%
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
$413,279
Avg. Annual Appreciation
27.39%
Purchase Details
Closed on
Mar 25, 2005
Sold by
Labellarte Luigi Joseph and Labellarte Luigi Staia
Bought by
Labellarte Luigi Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,400
Interest Rate
5.56%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Labellarte Louis J | $272,000 | None Available | |
| Labellarte Luigi Joseph | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Forman Jared | $293,762 | |
| Previous Owner | Labellarte Luigi J | $139,900 | |
| Previous Owner | Labellarte Luigi Joseph | $188,000 | |
| Previous Owner | Labellarte Luigi Joseph | $188,400 | |
| Previous Owner | Labellarte Luigi S | $121,498 | |
| Previous Owner | Labellarte Luigi S | $88,800 | |
| Previous Owner | Labellarte Luigi S | $80,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2022 07/18/22 | Sold | $580,000 | +3.6% | $190 / Sq Ft |
| 06/28/2022 06/28/22 | Pending | -- | -- | -- |
| 06/24/2022 06/24/22 | For Sale | $559,900 | +105.8% | $183 / Sq Ft |
| 08/17/2021 08/17/21 | Sold | $272,000 | +28.9% | $150 / Sq Ft |
| 07/21/2021 07/21/21 | Pending | -- | -- | -- |
| 07/19/2021 07/19/21 | For Sale | $211,000 | -- | $116 / 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 | $7,748 | $587,400 | $117,800 | $469,600 |
| 2024 | $7,407 | $538,700 | $117,800 | $420,900 |
| 2023 | $6,275 | $437,600 | $102,400 | $335,200 |
| 2022 | $5,006 | $329,100 | $81,900 | $247,200 |
| 2021 | $4,441 | $272,800 | $65,500 | $207,300 |
| 2020 | $4,201 | $247,100 | $65,600 | $181,500 |
| 2019 | $4,320 | $240,000 | $59,000 | $181,000 |
| 2018 | $4,251 | $224,800 | $59,000 | $165,800 |
| 2017 | $4,050 | $210,700 | $59,000 | $151,700 |
| 2016 | $3,932 | $190,800 | $42,900 | $147,900 |
| 2015 | $3,829 | $190,800 | $42,900 | $147,900 |
| 2014 | $3,728 | $190,800 | $42,900 | $147,900 |
Source: Public Records
Agents Affiliated with this Home
-
Luxan Zayas
Seller's Agent in 2022
Luxan Zayas
RE/MAX Culture
(978) 333-4433
1 in this area
111 Total Sales
-
Amy Stillman
A
Buyer's Agent in 2022
Amy Stillman
Hammond Residential Real Estate
(508) 272-3972
1 in this area
38 Total Sales
-
Seller's Agent in 2021
Karynsue Marchione-Reilly
Park Place Realty Enterprises
(508) 410-8464
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73003464
APN: WORC-000017-000014-000030
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