511 Park Ave Worcester, MA 01603
University Park NeighborhoodEstimated Value: $611,000 - $733,832
5
Beds
3
Baths
2,675
Sq Ft
$246/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Porch
- Shops
- Wood Flooring
- Laundry Room
- 9 Cooling Zones
About This Home
As of August 2022Turn-key three family with major restoration to all three units including all new windows, all plumbing central heating, mini split air conditioning, all new electrical wiring and complete service with landlord meter, all new kitchen with shaker style soft close cabinets and granite countertops with matching grey bathroom cabinets. Units have recess lights and new stainless-steel appliances in all kitchens. Pending the final permit sign offs by the City of Worcester, this property has been updated and renovated including the basement concrete floor for possible future expansion. The property is residential, but first floor can be used as a business as the zoning BG-2 allows for variety of retail/office uses. The property is located across the street from the new Clark University Athletic Field currently under construction. High visibility and great potential.
Co-Listed By
Charbel Najem
eXp Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,856
Year Built
- Built in 1890
Lot Details
- 4,500
Home Design
- Brick Foundation
- Block Foundation
- Stone Foundation
- Shingle Roof
Interior Spaces
- 2,675 Sq Ft Home
- Insulated Windows
- Insulated Doors
- Laundry Room
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Utilities
- 9 Cooling Zones
- 9 Heating Zones
- 200+ Amp Service
- Electric Water Heater
Additional Features
- Porch
- 4,500 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $4,700
- Assessor Parcel Number 1769817
Community Details
Overview
- 3 Units
- Property has 1 Level
Additional Features
- Shops
- Net Operating Income $49,345
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2022
Closed on
Oct 14, 2022
Sold by
Diaz Nicolas and Dacosta Kai
Bought by
Park Avenue T
Seller's Agent
Christine Najem
eXp Realty
Buyer's Agent
Jeffrey Goodwin
Buyers Brokers Only, LLC
List Price
$699,900
Sold Price
$647,000
Premium/Discount to List
-$52,900
-7.56%
Total Days on Market
28
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
$10,208
Avg. Annual Appreciation
1.02%
Original Mortgage
$547,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Aug 21, 2020
Closed on
May 7, 2021
Sold by
Morrison Denise V Est
Bought by
Najem Charbel H
Seller's Agent
Judy Solomon
Park Place Realty Enterprises
Buyer's Agent
Christine Najem
eXp Realty
List Price
$249,999
Sold Price
$255,000
Premium/Discount to List
$5,001
2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
105.81%
Original Mortgage
$250,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Worcester, MA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Park Avenue T | -- | None Available | |
| Najem Charbel H | $255,000 | Metropolitan Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dacosta Kai | $547,000 | |
| Previous Owner | Najem Charbel H | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2022 08/22/22 | Sold | $647,000 | -4.8% | $242 / Sq Ft |
| 06/16/2022 06/16/22 | Pending | -- | -- | -- |
| 05/31/2022 05/31/22 | Price Changed | $679,900 | -1.4% | $254 / Sq Ft |
| 05/24/2022 05/24/22 | Price Changed | $689,900 | -1.4% | $258 / Sq Ft |
| 05/18/2022 05/18/22 | For Sale | $699,900 | +174.5% | $262 / Sq Ft |
| 05/07/2021 05/07/21 | Sold | $255,000 | +2.0% | $106 / Sq Ft |
| 02/02/2021 02/02/21 | Pending | -- | -- | -- |
| 01/28/2021 01/28/21 | For Sale | $249,999 | 0.0% | $104 / Sq Ft |
| 08/27/2020 08/27/20 | Pending | -- | -- | -- |
| 08/21/2020 08/21/20 | For Sale | $249,999 | -- | $104 / 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 | $8,068 | $611,700 | $75,400 | $536,300 |
| 2024 | $7,840 | $570,200 | $75,400 | $494,800 |
| 2023 | $5,565 | $388,100 | $65,600 | $322,500 |
| 2022 | $4,774 | $313,900 | $52,500 | $261,400 |
| 2021 | $3,556 | $218,400 | $42,000 | $176,400 |
| 2020 | $3,256 | $191,500 | $41,700 | $149,800 |
| 2019 | $3,352 | $186,200 | $36,400 | $149,800 |
| 2018 | $3,404 | $180,000 | $36,400 | $143,600 |
| 2017 | $3,231 | $168,100 | $36,400 | $131,700 |
| 2016 | $3,133 | $152,000 | $26,500 | $125,500 |
| 2015 | $3,051 | $152,000 | $26,500 | $125,500 |
| 2014 | $2,970 | $152,000 | $26,500 | $125,500 |
Source: Public Records
Agents Affiliated with this Home
-
Christine Najem
Seller's Agent in 2022
Christine Najem
eXp Realty
(508) 864-1536
3 in this area
66 Total Sales
-
C
Seller Co-Listing Agent in 2022
Charbel Najem
eXp Realty
(508) 868-0163
-
Jeffrey Goodwin
Buyer's Agent in 2022
Jeffrey Goodwin
Buyers Brokers Only, LLC
(508) 713-5816
1 in this area
25 Total Sales
-
Judy Solomon
J
Seller's Agent in 2021
Judy Solomon
Park Place Realty Enterprises
(508) 450-0030
1 in this area
28 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72983396
APN: WORC-000008-000010-000051
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.
Nearby Homes
- 511 Park Ave
- 509 Park Ave Unit 1
- 509 Park Ave
- 513 Park Ave
- 507 Park Ave
- 36 Birch St
- 75 Maywood St
- 79 Maywood St
- 71 Maywood St
- 71 Maywood St Unit 3
- 32 Birch St
- 32 Birch St Unit 1
- 32 Birch St Unit 2
- 69 Maywood St
- 69 Maywood St Unit 3
- 69 Maywood St Unit 1
- 46 Birch St
- 46 Birch St Unit 1
- 52 Birch St
- 39 Birch St