NOT LISTED FOR SALE

588 Main St Worcester, MA 01608

Downtown Worcester Neighborhood

Estimated Value: $6,717,132

Studio
-- Bath
34,843 Sq Ft
$193/Sq Ft Est. Value

About This Home

This home is located at 588 Main St, Worcester, MA 01608 and is currently estimated at $6,717,132, approximately $192 per square foot. 588 Main St is a home located in Worcester County with nearby schools including Jacob Hiatt Magnet School, Chandler Magnet, and Elm Park Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2023
Sold by
Chandler Owner Ii Llc
Bought by
Worcester Tic Owner I Llc and Worcester Tic Owner Ii Ll
Current Estimated Value
$6,717,132

Purchase Details

Closed on
Dec 23, 2020
Sold by
Colton Land Llc
Bought by
Chandler Owner 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,185,815
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2014
Sold by
Pacific Land Llc
Bought by
Colton Land Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,872,500
Interest Rate
4.27%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

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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.

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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.

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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.

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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
Worcester Tic Owner I Llc $6,000,000 None Available
Chandler Owner 2 Llc $5,775,000 First American Title
Colton Land Llc $2,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chandler Owner 2 Llc $11,185,815
Previous Owner Colton Land Llc $1,872,500
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 -- $4,295,800 $562,500 $3,733,300
2024 -- $5,365,300 $562,500 $4,802,800
2023 $0 $6,186,400 $562,500 $5,623,900
2022 $0 $3,301,500 $562,500 $2,739,000
2021 $0 $2,396,100 $562,500 $1,833,600
2020 $42,285 $2,154,600 $562,500 $1,592,100
2019 $0 $2,066,300 $562,500 $1,503,800
2018 $0 $2,017,400 $562,500 $1,454,900
2017 $0 $2,017,400 $562,500 $1,454,900
2016 -- $1,913,900 $562,500 $1,351,400
2015 -- $1,913,900 $562,500 $1,351,400
2014 -- $1,913,900 $562,500 $1,351,400
Source: Public Records

Map

Massachusetts Worcester County Worcester 01608 Downtown Worcester

588 Main St, Worcester, MA

Not Listed for Sale

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