NOT LISTED FOR SALE

55 Alvarado Ave Worcester, MA 01604

Lake Park Neighborhood

Estimated Value: $550,000 - $715,000

5 Beds
3 Baths
2,412 Sq Ft
$265/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $440,100 $182 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,928/month

6 Days on Market

About This Home

As of October 2020

Spectacular opportunity for an investor or future owner occupied to own a multi-family near the UMass Medical University campus & Lake Quinsigamond, walking distance to Lake Park & Shrewsbury street. This property boasts 3 floors of living and modern updates on the first and second floors. The 3rd floor unit is a one bedroom. The first floor 2 bedroom unit has recent updates to the electrical, entire kitchen and bath & boiler, The second floor 2 bedroom unit has recent upgraded kitchen with stainless steel appliances, cabinets, flooring, bathroom and electrical. Laundry in Units 1 & 2. Unit 3 laundry in basement. Tons of storage in basement; Great back yard. Off street parking.This is a turn-key property. Mass Save - Blown in insulation, Owner pays for water and Tenant pays for gas & electric There is a separate landlord utility box, All 3 units have recent leases. Minutes to Rt 9, 290, Shrewsbury, downtown Worcester, commuter rail.

Last Agent to Sell the Property

Kelly Pough

Keller Williams Boston MetroWest Listed on: 08/20/2020

Keller Williams Boston MetroWest

Last Buyer's Agent

Team Tom Truong

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,900

Year Built

  • Built in 1890

Lot Details

  • 7,841

Outdoor Features

  • Enclosed Patio or Porch

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:17 B:003 L:00035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,900

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 184.45
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Flooring: Varies Per Unit
  • Total Flrs: 6
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 13
  • Basement: Y
  • Basement Features: Full
  • Main Lo: K95491
  • Main So: AC0342
  • Estimated Sq Ft: 2412.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Shingles, Asbestos
  • Exterior Features: Porch - Enclosed
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 3

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 3
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, University

Lot Info

  • Assessments: 280300.00
  • Acre: 0.18
  • Lot Size: 7692.00
  • Page: 185
  • Parcel Number: M:17 B:003 L:00035
  • Zoning: RL-7
  • Lot Description: Paved Drive

Multi Family

  • Heat Units: 3
  • Total Levels: 3
  • Total Rent: 3100
  • Total Rms: 11
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 4765.00
  • Assessor Parcel Number: 1778845
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2020
Closed on
Sep 16, 2020
Sold by
Stanley Dawn M and Coughlin Dennis D
Bought by
Hoang Khanh and Dao Cam-Ha
Seller's Agent
Kelly Pough
Keller Williams Boston MetroWest
Buyer's Agent
Team Tom Truong
eXp Realty
List Price
$444,900
Sold Price
$440,100
Premium/Discount to List
-$4,800
-1.08%
Current Estimated Value
$639,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,099
Avg. Annual Appreciation
7.53%
Original Mortgage
$330,000
Outstanding Balance
$292,853
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$346,346

Purchase Details

Listed on
Aug 26, 2014
Closed on
Nov 26, 2014
Sold by
Stracco Nicola L
Bought by
Stanley Dawn M
Seller's Agent
Joseph Finnegan
Walsh and Associates Real Estate
Buyer's Agent
Kelly Pough
Keller Williams Boston MetroWest
List Price
$221,000
Sold Price
$221,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.38%
Original Mortgage
$165,750
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hoang Khanh $440,100 None Available
Stanley Dawn M $221,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoang Khanh $330,000
Previous Owner Stanley Dawn M $165,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2020 10/19/20 Sold $440,100 -1.1% $182 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $444,900 +101.3% $184 / Sq Ft
11/28/2014 11/28/14 Sold $221,000 0.0% $102 / Sq Ft View Prior Sale
10/29/2014 10/29/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $221,000 -- $102 / 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 $6,900 $523,100 $117,800 $405,300
2024 $6,761 $491,700 $117,800 $373,900
2023 $6,251 $435,900 $102,400 $333,500
2022 $5,602 $368,300 $82,000 $286,300
2021 $4,260 $261,700 $65,500 $196,200
2020 $4,765 $280,300 $65,600 $214,700
2019 $4,927 $273,700 $59,000 $214,700
2018 $5,009 $264,900 $59,000 $205,900
2017 $3,900 $202,900 $59,000 $143,900
2016 $3,599 $174,600 $42,900 $131,700
2015 $3,063 $152,600 $42,900 $109,700
2014 $2,982 $152,600 $42,900 $109,700
Source: Public Records

Agents Affiliated with this Home

  • Kelly Pough

    Seller's Agent in 2020

    Kelly Pough

    Keller Williams Boston MetroWest

    (508) 365-3824

    1 in this area

    48 Total Sales

    Kelly Pough
    Section Image
  • Team Tom Truong

    Buyer's Agent in 2020

    Team Tom Truong

    eXp Realty

    (617) 312-0838

    1 in this area

    44 Total Sales

    Team Tom Truong
    Section Image

  • J

    Seller's Agent in 2014

    Joseph Finnegan

    Walsh and Associates Real Estate

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72712938

MLS Property Information Network (MLS PIN)

APN: WORC-000017-000003-000035

Massachusetts Worcester County Worcester 01604 Lake Park

55 Alvarado Ave, Worcester, MA

Not Listed for Sale

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