Johnny Long
PRIVI Realty LLC
(857) 353-8035
167 Total Sales
1 in Elm Park
$890,000 Price
6 Fruit St Worcester, MA 01609
Elm Park Neighborhood
17
Beds
7
Baths
5,682
Sq Ft
5,015
Sq Ft Lot
Highlights
- Medical Services
- Park
- Gentle Sloping Lot
- Property is near public transit and schools
- Shops
About This Home
As of August 2024This well-maintained 7-unit property consists of three 3-bedroom/1-bathroom and four 2-bedroom/1-bathroom units, totaling 5,682 sq ft of living space. Notably, all units have undergone extensive renovations, mostly featuring granite countertops, stainless steel appliances, new bathrooms, and modern finishes. It is separately metered for heat and electric, with the owner only responsible for hot water. The property also includes off-street parking. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $13,145 monthly. Centrally located, it’s within less than a mile of WPI and a short walk from Elm Park and other downtown amenities. Listed at a 7.35 cap rate, this property represents a valuable investment a growing Worcester market.
Co-Listed By
Dennis Kelleher
Horvath & Tremblay
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,497
Year Built
- Built in 1890
Lot Details
- 5,015 Sq Ft Lot
- Gentle Sloping Lot
Home Design
- 5,682 Sq Ft Home
- Stone Foundation
Bedrooms and Bathrooms
- 17 Bedrooms
- 7 Full Bathrooms
Parking
- 3 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $13,145
- Assessor Parcel Number 1764108
Community Details
Overview
- 7 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Electric Expense $2,054
- Insurance Expense $7,000
- Water Sewer Expense $4,620
- Operating Expense $33,608
- Net Operating Income $117,670
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2024
Closed on
Aug 26, 2024
Sold by
Bought by
Seller's Agent
Ethan Lazar
Horvath & Tremblay
Buyer's Agent
Gabriele Luzzi
Berkshire Hathaway HomeServices Commonwealth Real Estate
List Price
$1,600,000
Sold Price
$1,585,000
Premium/Discount to List
-$15,000
-0.94%
Views
30
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$835,000
Outstanding Balance
$818,648
Interest Rate
6.89%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 5, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$803,500
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 25, 2018
Closed on
Oct 29, 2018
Sold by
Bought by
Seller's Agent
David Stead
RE/MAX Partners
Buyer's Agent
Jason Kulik
Horvath & Tremblay
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 27, 2016
Closed on
Aug 30, 2016
Sold by
Bought by
Seller's Agent
David Stead
RE/MAX Partners
Buyer's Agent
David Stead
RE/MAX Partners
List Price
$399,900
Sold Price
$420,000
Premium/Discount to List
$20,100
5.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.95%
Original Mortgage
$315,000
Interest Rate
3.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 18, 2014
Sold by
Bought by
Purchase Details
Closed on
Apr 10, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,500
Interest Rate
6.26%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Elm Park, MA
-
Johnny Long
-
Kathy McSweeney
Kathy McSweeney
Lamacchia Realty, Inc.
(774) 341-5503
58 Total Sales
1 in Elm Park
$222,000 Price
-
Carl Cempe
Carl Cempe
StartPoint Realty
(774) 504-2942
106 Total Sales
1 in Elm Park
$252,000 Price
-
Christina Liberty-Grimm
Christina Liberty-Grimm
Lamacchia Realty, Inc.
(508) 770-6735
114 Total Sales
7 in Elm Park
$214K - $624K Price Range
-
Sandra Buker
Sandra Buker
Keller Williams Realty/Merrimack Valley
(978) 404-5461
96 Total Sales
1 in Elm Park
$240,000 Price
-
Brody Murphy Novak Group
Brody Murphy Novak Group
Douglas Elliman Real Estate - Park Plaza
(781) 661-6002
38 Total Sales
1 in Elm Park
$1,022,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,585,000 | None Available | ||
| $710,000 | None Available | ||
| $600,000 | -- | ||
| $420,000 | -- | ||
| -- | -- | ||
| $325,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $835,000 | ||
| Previous Owner | $950,000 | ||
| Previous Owner | $803,500 | ||
| Previous Owner | $175,000 | ||
| Closed | $395,000 | ||
| Closed | $315,000 | ||
| Previous Owner | $377,000 | ||
| Closed | $50,000 | ||
| Closed | $32,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/26/2024 08/26/24 | Sold | $1,585,000 | -0.9% | $279 / Sq Ft | |
| 05/31/2024 05/31/24 | Pending | -- | -- | -- | |
| 05/17/2024 05/17/24 | For Sale | $1,600,000 | +166.7% | $282 / Sq Ft | |
| 10/29/2018 10/29/18 | Sold | $600,000 | -4.0% | $106 / Sq Ft | View Prior Sale |
| 08/02/2018 08/02/18 | Pending | -- | -- | -- | |
| 08/01/2018 08/01/18 | For Sale | $625,000 | +4.2% | $110 / Sq Ft | |
| 07/31/2018 07/31/18 | Off Market | $600,000 | -- | -- | |
| 07/25/2018 07/25/18 | Pending | -- | -- | -- | |
| 05/15/2018 05/15/18 | Price Changed | $625,000 | -3.8% | $110 / Sq Ft | |
| 04/10/2018 04/10/18 | Price Changed | $650,000 | -3.7% | $115 / Sq Ft | |
| 01/25/2018 01/25/18 | For Sale | $675,000 | +60.7% | $119 / Sq Ft | |
| 08/30/2016 08/30/16 | Sold | $420,000 | +5.0% | $74 / Sq Ft | View Prior Sale |
| 04/10/2016 04/10/16 | Pending | -- | -- | -- | |
| 03/27/2016 03/27/16 | For Sale | $399,900 | -- | $71 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $16,920 | $1,282,800 | $47,300 | $1,235,500 |
| 2024 | $9,497 | $690,700 | $64,900 | $625,800 |
| 2023 | $10,352 | $721,900 | $64,900 | $657,000 |
| 2022 | $9,607 | $631,600 | $54,100 | $577,500 |
| 2021 | $7,821 | $480,400 | $54,100 | $426,300 |
| 2020 | $7,271 | $427,700 | $54,100 | $373,600 |
| 2019 | $6,430 | $357,200 | $23,600 | $333,600 |
| 2018 | $6,562 | $347,000 | $23,600 | $323,400 |
| 2017 | $6,669 | $347,000 | $23,600 | $323,400 |
| 2016 | $5,045 | $244,800 | $43,200 | $201,600 |
| 2015 | $4,696 | $234,000 | $32,400 | $201,600 |
| 2014 | $4,572 | $234,000 | $32,400 | $201,600 |
Source: Public Records
Agents Affiliated with this Home
-
Ethan Lazar
Seller's Agent in 2024
Ethan Lazar
Horvath & Tremblay
(310) 936-3743
1 in this area
21 Total Sales
-
D
Seller Co-Listing Agent in 2024
Dennis Kelleher
Horvath & Tremblay
-
Gabriele Luzzi
Buyer's Agent in 2024
Gabriele Luzzi
Berkshire Hathaway HomeServices Commonwealth Real Estate
(978) 763-5624
1 in this area
47 Total Sales
-
David Stead
Seller's Agent in 2018
David Stead
RE/MAX
(508) 635-9910
1 in this area
212 Total Sales
-
Jason Kulik
Buyer's Agent in 2018
Jason Kulik
Horvath & Tremblay
(781) 776-4000
24 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73239807
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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