NOT LISTED FOR SALE

Estimated Value: $672,000 - $768,000

9 Beds
3 Baths
4,226 Sq Ft
$170/Sq Ft Est. Value

Last Sold August 12, 2021

Last sale price $550,000 $130 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,520/month

4 Days on Market

Highlights

  • Property is near public transit
  • Tankless Water Heater
  • Shops
  • Park

About This Home

As of August 2021

This amazing Worcester 3-unit building was completely renovated to the studs in 2015. All new plumbing, new electrical, new heating, new hot water, new roof, fully refurbished apartment units, you name it! All units were de-leaded and all units have lead certs in hand. All units are 3 bedrooms and 1 bathroom with in-unit laundry hook ups. High efficiency gas-fired direct-vent Rinnai heaters in all units. Each unit has stove, microwave, fridge and dishwasher. Just one mile to the brand new Polar Park Stadium and The Worcester Public Market. Set up a showing asap, this rare fully-rehabbed 3-decker will not last long! **TWO GROUP SHOWINGS ONLY: This Thursday (6/17) from 4:30pm-6pm and this Saturday (6/19) from 1:30pm-3pm. All offers due by Monday (6/21) at noon.**

Last Agent to Sell the Property

Rheault Real Est Team

Coldwell Banker Realty - Worcester Listed on: 06/16/2021

Coldwell Banker Realty - Worcester

Last Buyer's Agent

Brian Allen

Property Investors & Advisors, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,369

Year Built

  • Built in 1910

Lot Details

  • 6,098

Home Design

  • 4,226 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Washer and Dryer Hookup
  • 6,098 Sq Ft Lot
  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $3,690
  • Assessor Parcel Number M:05 B:033 L:00056,1766332

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Recreation

  • Park

Additional Features

  • Shops
  • Net Operating Income $44,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,369

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1910
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tank Water Heaterless
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Unit 1(Washer & Dryer Hookup)
  • Basement: Unfinished
  • Living Area: 4226
  • Stories Total: 6
  • MAIN LO: AN6181
  • MAIN SO: AN6460

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, Public School

Lot Info

  • Parcel Number: M:05 B:033 L:00056,1766332
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.4
  • Lot Size Units: Acres
  • LOT SIZE: 6311

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6369

Multi Family

  • Net Operating Income: 44880
  • Number Of Units Total: 3
  • Total Actual Rent: 3690
  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Aug 2, 2021
Sold by
Tri Properties Inc
Bought by
Bmf 3 Llc
Seller's Agent
Rheault Real Est Team
Coldwell Banker Realty - Worcester
Buyer's Agent
Brian Allen
Property Investors & Advisors, LLC
List Price
$539,900
Sold Price
$550,000
Premium/Discount to List
$10,100
1.87%
Current Estimated Value
$716,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,512
Avg. Annual Appreciation
6.33%

Purchase Details

Closed on
Sep 21, 2015
Sold by
Constructi R C Rheault and Fernandez Lina
Bought by
Tri Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2003
Sold by
Soares Orlando and Mendes Luciana
Bought by
Fernandez Lina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,400
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2000
Sold by
Ben-Naim Yoram
Bought by
Soares Orlando and Mendes Luciana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,932
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 22, 1999
Sold by
Fnma
Bought by
Naim Yoram Ben

Purchase Details

Closed on
Jan 24, 1989
Sold by
Butrym William
Bought by
Derosier David
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bmf 3 Llc $550,000 None Available
Tri Properties Inc $321,000 --
Fernandez Lina $288,640 --
Soares Orlando $133,000 --
Naim Yoram Ben $115,000 --
Derosier David $141,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tri Properties Inc $228,750
Previous Owner Derosier David $230,400
Previous Owner Derosier David $168,236
Previous Owner Derosier David $132,932
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2021 08/12/21 Sold $550,000 +1.9% $130 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $539,900 -- $128 / 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 $8,963 $679,500 $92,100 $587,400
2024 $8,247 $599,800 $92,100 $507,700
2023 $7,904 $551,200 $80,000 $471,200
2022 $6,878 $452,200 $64,000 $388,200
2021 $6,369 $391,200 $51,200 $340,000
2020 $5,874 $345,500 $50,900 $294,600
2019 $5,866 $325,900 $44,400 $281,500
2018 $5,081 $268,700 $44,400 $224,300
2017 $4,757 $247,500 $44,400 $203,100
2016 $4,555 $221,000 $32,300 $188,700
2015 $3,017 $150,300 $32,300 $118,000
2014 $2,937 $150,300 $32,300 $118,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72850918

MLS Property Information Network (MLS PIN)

APN: WORC-000005-000033-000056