NOT LISTED FOR SALE

507 Main St Worcester, MA 01608

Downtown Worcester Neighborhood

Estimated Value: $11,482,746

1 Bed
1 Bath
475 Sq Ft
$24,174/Sq Ft Est. Value

About This Home

This home is located at 507 Main St, Worcester, MA 01608 and is currently estimated at $11,482,746, approximately $24,174 per square foot. 507 Main St is a home located in Worcester County with nearby schools including Jacob Hiatt Magnet School, Chandler Elementary Community School, and Chandler Magnet.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2020
Sold by
Main 507 Llc
Bought by
Grid Worcester Holdings
Current Estimated Value
$11,482,746

Purchase Details

Closed on
Aug 5, 2014
Sold by
507 Main Street Holdin
Bought by
Main 507 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,200,000
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2009
Sold by
507 Main Street Llc
Bought by
507 Main St Holdings L

Purchase Details

Closed on
Mar 2, 2007
Sold by
Worc Bancroft Holding
Bought by
507 Main Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,800,000
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 2004
Sold by
Park Plaza Worcester L
Bought by
Worcester Park Plaza L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,999,999
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2000
Sold by
507 Main St Nt
Bought by
Park Plz Worcester Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,491,813
Interest Rate
7.94%
Mortgage Type
Commercial
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
Grid Worcester Holdings -- None Available
Main 507 Llc $5,000,000 --
507 Main St Holdings L $3,000,000 --
507 Main Street Llc $5,915,000 --
Worcester Park Plaza L $5,385,000 --
Park Plz Worcester Llc $3,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Main 507 Llc $4,200,000
Previous Owner 507 Main Street Llc $5,800,000
Previous Owner Worcester Park Plaza L $9,999,999
Previous Owner Park Plz Worcester Llc $3,400,000
Previous Owner Park Plz Worcester Llc $2,491,813
Source: Public Records

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 -- $11,797,200 $2,250,000 $9,547,200
2024 -- $9,302,700 $2,250,000 $7,052,700
2023 $0 $10,505,700 $2,250,000 $8,255,700
2022 $0 $8,381,600 $2,250,000 $6,131,600
2021 $0 $6,177,300 $2,250,000 $3,927,300
2020 $118,246 $7,225,100 $2,250,000 $4,975,100
2019 $0 $5,186,700 $1,125,000 $4,061,700
2018 $0 $5,080,500 $1,125,000 $3,955,500
2017 $0 $5,080,500 $1,125,000 $3,955,500
2016 -- $4,833,300 $1,880,000 $2,953,300
2015 -- $4,833,300 $1,880,000 $2,953,300
2014 -- $4,833,300 $1,880,000 $2,953,300
Source: Public Records

Map

Massachusetts Worcester County Worcester 01608 Downtown Worcester

507 Main St, Worcester, MA

This home is located at 507 Main St, Worcester, MA 01608 and is currently estimated at $11,482,746, approximately $24,174 per square foot. 507 Main St is a home located in Worcester County with nearby schools including Jacob Hiatt Magnet School, Chandler Elementary Community School, and Chandler Magnet.

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.

Nearby Homes