NOT LISTED FOR SALE

51 Proctor St Worcester, MA 01606

Indian Lake East Neighborhood

Estimated Value: $468,276 - $563,000

5 Beds
3 Baths
1,950 Sq Ft
$263/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $325,000 $167 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,245/month

94 Days on Market

About This Home

As of December 2020

Indian Lake waterfront! 3 units with long-term tenants paying below-market rent. Projected rents are easily $3600/mo. Unit 1 is 'garden' level - 1 bedroom, living room, eat-in-kitchen; heat is forced hot air by gas. Unit 2 is on main level - 2 bedrooms, living room, eat-in-kitchen, pantry; HW baseboard/gas. Unit 3 is top level; 2 bedrooms, living room, eat-in-kitchen, pantry; gas stove heat. Units **cannot** be delivered vacant due statewide COVID-19 eviction moratorium. No in-person showings - full 3D video tour online shows entire building; floor plan available. Access with accepted offer. This property is priced to reflect updates and repairs needed ~ and it's your opportunity to snag waterfront income property!

Last Agent to Sell the Property

Erin Zamarro

Coldwell Banker Realty - Worcester Listed on: 07/22/2020

Coldwell Banker Realty - Worcester

Last Buyer's Agent

Karynsue Marchione-Reilly

Park Place Realty Enterprises

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,421

Year Built

  • Built in 1902

Lot Details

  • 4,792

Additional Features

  • Lake Views
  • Year Round Access
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:13 B:010 L:00010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,421

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Insc: 1965
  • Year Built Description: Actual
  • List Price Per Sq Ft: 166.67
  • Comp Based On: Net Sale Price
  • Year Built: 1902
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1902

Interior Features

  • Flooring: Varies Per Unit
  • Total Flrs: 6
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 11
  • Basement: Y
  • Basement Features: Full, Partial, Interior Access, Unfinished Basement, Exterior Access
  • Main Lo: K01357
  • Main So: K95633
  • Estimated Sq Ft: 1950.00

Exterior Features

  • Beach Ownership: Public
  • Waterfront: Lake, Frontage, Public
  • Beachfront Flag: Yes
  • Waterfront Flag: Yes
  • Waterview Features: Lake, Public
  • Waterview Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Composition Shingles
  • Exterior: Vinyl
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Feature: Off-Street, On Street Without Permit
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewer: 200
  • Electric Features: Circuit Breakers
  • Heat Zones: 3
  • Utility Connections: Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Highway Access, House of Worship, Public School

Lot Info

  • Assessments: 232000.00
  • Lot: 00010
  • Acre: 0.11
  • Lot Size: 4587.00
  • Page: 83
  • Parcel Number: M:13 B:010 L:00010
  • Zoning: RG-5
  • Lot Description: Gentle Slope, Scenic View(s)

Multi Family

  • APOD Available: Yes
  • Heat Units: 3
  • Total Levels: 3
  • Total Rent: 2025
  • Total Rms: 11
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 4176.00
  • Assessor Parcel Number: 1775120
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2020
Closed on
Dec 14, 2020
Sold by
Gallant Edward A and Golas Trina J
Bought by
Loi Hao
Seller's Agent
Erin Zamarro
Coldwell Banker Realty - Worcester
Buyer's Agent
Karynsue Marchione-Reilly
Park Place Realty Enterprises
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$513,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,069
Avg. Annual Appreciation
9.95%
Original Mortgage
$260,000
Outstanding Balance
$234,128
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$276,825
Source: Public Records

Range of Values:

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Average Value
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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
Loi Hao $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loi Hao $260,000
Previous Owner Gallant Edward A $90,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $325,000 0.0% $167 / Sq Ft
10/24/2020 10/24/20 Pending -- -- --
07/22/2020 07/22/20 For Sale $325,000 -- $167 / 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 $6,421 $486,816 $202,516 $284,300
2024 $6,393 $464,916 $202,516 $262,400
2023 $5,882 $410,195 $176,095 $234,100
2022 $5,887 $387,019 $185,819 $201,200
2021 $5,523 $339,273 $148,573 $190,700
2020 $4,905 $288,500 $148,700 $139,800
2019 $4,176 $232,000 $92,200 $139,800
2018 $4,279 $226,300 $92,200 $134,100
2017 $4,138 $215,300 $92,200 $123,100
2016 $3,912 $189,800 $72,400 $117,400
2015 $3,809 $189,800 $72,400 $117,400
2014 $3,709 $189,800 $72,400 $117,400
Source: Public Records

Agents Affiliated with this Home

  • Erin Zamarro

    Seller's Agent in 2020

    Erin Zamarro

    Coldwell Banker Realty - Worcester

    (508) 847-7100

    4 in this area

    74 Total Sales

    Erin Zamarro
    Section Image
  • Karynsue Marchione-Reilly

    Buyer's Agent in 2020

    Karynsue Marchione-Reilly

    Park Place Realty Enterprises

    (508) 410-8464

    5 in this area

    73 Total Sales

    Karynsue Marchione-Reilly
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72696481

MLS Property Information Network (MLS PIN)

APN: WORC-000013-000010-000010

Massachusetts Worcester County Worcester 01605 Indian Lake East

51 Proctor St, Worcester, MA

This home is located at 51 Proctor St, Worcester, MA 01606 since 22 July 2020 and is currently estimated at $513,069, approximately $263 per square foot. This property was built in 1902. 51 Proctor St is a home located in Worcester County with nearby schools including Francis J. McGrath Elementary School, Jacob Hiatt Magnet 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.

MLS Property Information Network (MLS PIN) 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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