NOT LISTED FOR SALE

Estimated Value: $653,000 - $733,000

7 Beds
3 Baths
2,549 Sq Ft
$274/Sq Ft Est. Value

Last Sold November 16, 2023

Last sale price $665,000 $261 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,470/month

9 Days on Market

Highlights

  • Deck
  • Porch
  • Heating System Uses Steam

About This Home

As of November 2023

Well maintained 3 family in desirable WPI area of Worcester! Investors take note. This stunning gambrel roof style property exudes character and is ready to generate you income! Fully rented. Heat and hot water currently included in the rents. First unit offers 3 bedrooms and 1 full bath. Second unit offers 3 bedrooms and 1 full bath and the 3rd unit offers 1 bedroom and 1 bath. Separately metered, tenants pay their own electric. Plenty of off street parking in the paved driveway. Located steps away from WPI, minutes from convenient highway access and close to all amenities! Seller also selling adjacent property separately, 43 Wachusett St. separately, See MLS# 73161022. Seller also owns adjacent lot at 8 Dean Street.

Last Listed By

The Riel Estate Team

Keller Williams Pinnacle Central Listed on: 09/19/2023

Keller Williams Pinnacle Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,581

Year Built

  • Built in 1914

Lot Details

  • 5,760 Sq Ft Lot

Home Design

  • 2,549 Sq Ft Home
  • Stone Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $4,825
  • Rent includes unit 1(heat hot water), unit 2(heat hot water), unit 3(heat hot water)
  • Assessor Parcel Number M:02 B:043 L:00039,1763520

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Electric Expense $727
  • Insurance Expense $4,883
  • Operating Expense $11,545
  • Net Operating Income $46,355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,581

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1914
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Fireplace YN: No
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 2549
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN8160
  • LIST PRICE PER Sq Ft: 274.62
  • PRICE PER Sq Ft: 260.89
  • MAIN SO: AN8160

Exterior Features

  • Exterior Features: Porch,Deck,Gutters
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Steam
  • Cooling Y N: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Rent Includes: Unit 1(Heat,Hot Water), Unit 2(Heat,Hot Water), Unit 3(Heat,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:02 B:043 L:00039,1763520
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5760
  • Lot Size Units: Acres
  • PAGE: 8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5581
  • Tax Book Number: 27246

Multi Family

  • Electric Expense: 727
  • Gross Income: 57900
  • Insurance Expense: 4883
  • Net Operating Income: 46355
  • Number Of Units Total: 3
  • Operating Expense: 11545
  • Total Actual Rent: 4825
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2001
Sold by
Lutheran Social Servic
Bought by
Girouard James E and Girouard Janice A
Total Days on Market
9
Current Estimated Value
$697,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

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
Girouard James E $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open L & D Llc $465,000
Closed Lutheran Serv Ass Ne $130,900
Closed Lutheran Serv Ass Ne $185,000
Previous Owner Lutheran Serv Ass Ne $100,000
Previous Owner Lutheran Serv Ass Ne $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2023 11/16/23 Sold $665,000 -5.0% $261 / Sq Ft
09/29/2023 09/29/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $700,000 -- $275 / 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 $7,032 $533,100 $87,600 $445,500
2024 $6,027 $438,300 $87,600 $350,700
2023 $5,581 $389,200 $76,100 $313,100
2022 $5,024 $330,300 $60,900 $269,400
2021 $4,226 $259,600 $48,700 $210,900
2020 $3,664 $215,500 $48,400 $167,100
2019 $3,767 $209,300 $42,200 $167,100
2018 $3,831 $202,600 $42,200 $160,400
2017 $3,644 $189,600 $42,200 $147,400
2016 $3,539 $171,700 $31,000 $140,700
2015 $3,446 $171,700 $31,000 $140,700
2014 $3,355 $171,700 $31,000 $140,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73161023

MLS Property Information Network (MLS PIN)

APN: WORC-000002-000043-000039