51 Proctor St Worcester, MA 01606
Indian Lake East NeighborhoodEstimated Value: $438,434 - $560,000
5
Beds
3
Baths
1,950
Sq Ft
$260/Sq Ft
Est. Value
About This Home
As of December 2020Indian 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!
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
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
Total Days on Market
94
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
$182,609
Avg. Annual Appreciation
10.73%
Original Mortgage
$260,000
Outstanding Balance
$234,128
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$274,270
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Similar Homes in Worcester, MA
Home Values in the Area
Average Home Value in this Area
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
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
77 Total Sales
-
Buyer's Agent in 2020
Karynsue Marchione-Reilly
Park Place Realty Enterprises
(508) 410-8464
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72696481
APN: WORC-000013-000010-000010
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.
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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