NOT LISTED FOR SALE

Estimated Value: $623,000 - $690,522

9 Beds
3 Baths
4,266 Sq Ft
$158/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $620,000 $145 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,401/month

6 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Tennis Courts
  • Medical Services
  • Wood Flooring
  • Park

About This Home

As of October 2023

Attention all investors! This 3 unit, fully rented property is ready for new owners. Each unit is over 1400 square feet offering 3 bedrooms and 1 bathroom. Monthly rent roll is $4957 a month. Tenants pay own utilities. Great bones with many updates including new hot water heaters (2021), new plumbing, new electrical and newer appliances. Lead compliance certifications in hand for all 3 units. Amazing location close to highway access and all major amenities.Short distance to multiple universities, hospitals, Webster Square and Polar Park. All showings held at this weekend's open houses. Do not miss a chance to own a lucrative piece of Worcester's thriving rental market!

Last Agent to Sell the Property

Brooke Coughlin

Lamacchia Realty, Inc. Listed on: 09/20/2023

Lamacchia Realty, Inc.

Last Buyer's Agent

Kelly Hernandez Kniskern

Castinetti Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,413

Year Built

  • Built in 1890

Lot Details

  • 4,000 Sq Ft Lot
  • Level Lot

Parking

  • Open Parking

Home Design

  • 4,266 Sq Ft Home
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $4,957
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:06 B:031 L:00005,1767888

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park

Building Details

  • Net Operating Income $59,484

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,413

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1890
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile,Hardwood
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator,Washer,Dryer)
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Unit 1 Laundry Room
  • Basement: Unfinished
  • Living Area: 4266
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN7224
  • LIST PRICE PER Sq Ft: 140.62
  • PRICE PER Sq Ft: 145.34
  • MAIN SO: AN2314

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Electric), Unit 2(Gas,Electric), Unit 3(Electric)
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:06 B:031 L:00005,1767888
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 4000
  • Lot Size Units: Acres
  • PAGE: 70
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6413
  • Tax Book Number: 63697

Multi Family

  • Gross Income: 59484
  • Net Operating Income: 59484
  • Number Of Units Total: 3
  • Total Actual Rent: 4957
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2013
Sold by
Arcouette Misty and Onewest Bank Fsb
Bought by
Federal National Mortgage Association
Current Estimated Value
$672,881

Purchase Details

Closed on
Mar 31, 2008
Sold by
Arcouette Misty S
Bought by
Bibaud William C

Purchase Details

Closed on
Dec 19, 2007
Sold by
Meritage Mtg Loan T and Deutsche Bk T Co Ameri
Bought by
Arcouette Misty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,425
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2006
Sold by
Quispe Luis and Mers
Bought by
America Deutsc Bk T Co and Meritage Mtg Loan T

Purchase Details

Closed on
Aug 10, 2004
Sold by
Guerrero Analicia and Guerrero Luis A
Bought by
Quispe Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2002
Sold by
Farrington Paul and Farrington Karen E
Bought by
Guerrero Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 1997
Sold by
Bailey Rt and Miller
Bought by
Farrington Karen E and Farrington Paul

Purchase Details

Closed on
Jul 10, 1996
Sold by
Shorewood Fncl Inc
Bought by
Bailey Rt and Miller

Purchase Details

Closed on
Apr 26, 1995
Sold by
Filep Arpad and Shorewood Financial In
Bought by
Shorewood Fncl Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Federal National Mortgage Association $143,023 --
Bibaud William C -- --
Arcouette Misty $117,900 --
America Deutsc Bk T Co $272,000 --
Quispe Luis $310,000 --
Guerrero Luis A $175,000 --
Farrington Karen E $49,900 --
Bailey Rt $18,000 --
Shorewood Fncl Inc $124,351 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corbette Timothy A $366,244
Closed Goldfarb Jason M $255,550
Previous Owner Arcouette Misty $88,425
Previous Owner Quispe Luis $248,000
Previous Owner Quispe Luis $62,000
Previous Owner Shorewood Fncl Inc $162,000
Previous Owner Shorewood Fncl Inc $81,250
Previous Owner Shorewood Fncl Inc $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2023 10/26/23 Sold $620,000 +3.4% $145 / Sq Ft
09/27/2023 09/27/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $599,900 +60.8% $141 / Sq Ft
11/06/2020 11/06/20 Sold $373,000 +6.6% $87 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $349,900 0.0% $82 / Sq Ft
08/16/2020 08/16/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $349,900 +33.5% $82 / Sq Ft
11/30/2018 11/30/18 Sold $262,000 -8.1% $61 / Sq Ft
10/10/2018 10/10/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $285,000 +128.0% $67 / Sq Ft
03/27/2015 03/27/15 Sold $125,000 -13.8% $29 / Sq Ft
02/25/2015 02/25/15 Pending -- -- --
04/30/2014 04/30/14 For Sale $145,000 -- $34 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $8,209 $622,400 $54,500 $567,900
2024 $6,731 $489,500 $54,500 $435,000
2023 $6,413 $447,200 $43,700 $403,500
2022 $5,582 $367,000 $35,000 $332,000
2021 $5,905 $362,700 $28,000 $334,700
2020 $5,401 $317,700 $28,100 $289,600
2019 $5,477 $304,300 $27,700 $276,600
2018 $3,990 $211,000 $27,700 $183,300
2017 $3,719 $193,500 $27,700 $165,800
2016 $2,883 $139,900 $23,000 $116,900
2015 $4,167 $207,600 $23,000 $184,600
2014 $4,057 $207,600 $23,000 $184,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73161578

MLS Property Information Network (MLS PIN)

APN: WORC-000006-000031-000005