NOT LISTED FOR SALE

50 Franklin St Worcester, MA 01608

Downtown Worcester Neighborhood

Estimated Value: $17,150,882

1 Bed
1 Bath
550 Sq Ft
$31,183/Sq Ft Est. Value

About This Home

Welcome to Bancroft on the Grid! - an historic, boutique apartment community situated in the heart of downtown Worcester. The building offers a 24-hour fitness center and concierge services. Restaurants and comedy club onsite (Spring 2018). The apartment itself has been renovated and is ready for immediate occupancy. One month of Free Rent when you sign a 13-Month Lease Agreement. First and Last, NO Security. Good Credit and 3-times the monthly rent for income required.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2020
Sold by
50 Franklin Llc
Bought by
Grid Worcester Holdings
Current Estimated Value
$17,150,882

Purchase Details

Closed on
Jul 12, 2013
Sold by
Worcester Commons Llc
Bought by
50 Franklin Llc

Purchase Details

Closed on
Nov 5, 2004
Sold by
Bancroft Commons Llc
Bought by
Worcester Commons Llc

Purchase Details

Closed on
Nov 19, 1999
Sold by
50 Franklin Lp
Bought by
Bancroft Commons Llc

Purchase Details

Closed on
Jun 26, 1995
Sold by
Jer Kwda Services
Bought by
50 Franklin Lp

Purchase Details

Closed on
Feb 14, 1995
Sold by
Bancroft Assoc Rt
Bought by
Kwda Real Est Lp

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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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
Grid Worcester Holdings -- None Available
50 Franklin Llc -- --
Worcester Commons Llc $9,370,000 --
Bancroft Commons Llc $4,150,000 --
50 Franklin Lp $979,175 --
50 Franklin Lp $979,175 --
Kwda Real Est Lp $870,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grid Worcester Hldg Llc $1,500,000
Open Grid Worcester Hldg Llc $4,320,000
Previous Owner 50 Franklin Llc $38,000,000
Previous Owner Worcester Commons Llc $9,999,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2018 03/23/18 Rented $1,250 0.0% --
02/14/2018 02/14/18 For Rent $1,250 -- --

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 -- $21,768,700 $3,187,500 $18,581,200
2024 -- $18,733,900 $3,187,500 $15,546,400
2023 $0 $21,040,600 $3,187,500 $17,853,100
2022 $0 $16,789,100 $3,187,500 $13,601,600
2021 $0 $14,119,200 $3,187,500 $10,931,700
2020 $0 $12,970,300 $3,187,500 $9,782,800
2019 $0 $11,696,400 $3,187,500 $8,508,900
2018 $0 $11,469,100 $3,187,500 $8,281,600
2017 $0 $11,469,100 $3,187,500 $8,281,600
2016 -- $10,973,900 $3,187,500 $7,786,400
2015 -- $9,077,900 $106,900 $8,971,000
2014 $159,017 $9,077,900 $106,900 $8,971,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joshua Thomason

    Second City Realty

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Map

Massachusetts Worcester County Worcester 01608 Downtown Worcester

50 Franklin St, Worcester, MA

Homes for Sale in Worcester, MA

This home is located at 50 Franklin St, Worcester, MA 01608 and is currently estimated at $17,150,882, approximately $31,183 per square foot. 50 Franklin St is a home located in Worcester County with nearby schools including Jacob Hiatt Magnet School, Chandler Magnet, and Chandler Elementary Community School.

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.