7 Chambers St Worcester, MA 01606
Summit NeighborhoodEstimated Value: $599,000 - $695,000
6
Beds
3
Baths
3,390
Sq Ft
$190/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Storage Shed
- 4-minute walk to Norrback School
- Enclosed patio or porch
About This Home
As of February 2019Here is the multi-family you've been waiting for. This is your chance to own a three unit, located in one of the most desirable areas in Worcester close to shopping, schools and more. This is a solid, clean building that is in great condition. The detached workshop was a 2-car garage that can easily be converted back by adding garage doors plus there is off street parking for all units. Each apartment has its own utility meters. First floor will be vacant, second and third floor are currently occupied. This house is perfect for an owner-occupant or an investment property. Great commuter location near I-190 an I-290. Seller has lived in and maintained this building for the past 20 years.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,240
Year Built
- Built in 1913
Lot Details
- Year Round Access
Flooring
- Wood
- Laminate
- Vinyl
Outdoor Features
- Enclosed patio or porch
- Storage Shed
- Rain Gutters
Utilities
- Water Holding Tank
- Water Heater Leased
- Natural Gas Water Heater
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:32 B:001 L:00002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2019
Closed on
Jan 29, 2019
Sold by
Ferraro David J and Ferraro Chandra R
Bought by
Mccormick Brandon K
Seller's Agent
Michael Dell'ovo
Local Realty Pro
Buyer's Agent
Bill McCormick
McCormick Properties
List Price
$339,900
Sold Price
$358,200
Premium/Discount to List
$18,300
5.38%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,845
Avg. Annual Appreciation
10.16%
Original Mortgage
$268,650
Outstanding Balance
$239,961
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$420,874
Purchase Details
Closed on
Dec 27, 2013
Sold by
Ferraro Joseph P and Ferraro Alice M
Bought by
Ferraro David J and Ferraro Chandra R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,721
Interest Rate
4.25%
Mortgage Type
FHA
Similar Homes in Worcester, MA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mccormick Brandon K | $358,200 | -- | |
| Ferraro David J | $181,000 | -- | |
| Ferraro David J | $181,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mccormick Brandon K | $268,650 | |
| Previous Owner | Ferraro David J | $177,721 | |
| Previous Owner | Ferraro Alice M | $150,000 | |
| Previous Owner | Ferraro Joseph P | $100,000 | |
| Previous Owner | Ferraro Joseph P | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/22/2019 02/22/19 | Sold | $358,200 | +5.4% | $106 / Sq Ft |
| 01/15/2019 01/15/19 | Pending | -- | -- | -- |
| 01/08/2019 01/08/19 | For Sale | $339,900 | -- | $100 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,240 | $624,700 | $97,900 | $526,800 |
| 2024 | $7,624 | $554,500 | $97,900 | $456,600 |
| 2023 | $7,306 | $509,500 | $85,100 | $424,400 |
| 2022 | $6,378 | $419,300 | $68,100 | $351,200 |
| 2021 | $5,841 | $358,800 | $54,500 | $304,300 |
| 2020 | $4,865 | $286,200 | $54,500 | $231,700 |
| 2019 | $4,232 | $235,100 | $49,000 | $186,100 |
| 2018 | $4,016 | $212,400 | $49,000 | $163,400 |
| 2017 | $3,788 | $197,100 | $49,000 | $148,100 |
| 2016 | $3,586 | $174,000 | $36,400 | $137,600 |
| 2015 | $3,492 | $174,000 | $36,400 | $137,600 |
| 2014 | $3,400 | $174,000 | $36,400 | $137,600 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Dell'ovo
Seller's Agent in 2019
Michael Dell'ovo
Local Realty Pro
(508) 453-4766
22 Total Sales
-
Bill McCormick
Buyer's Agent in 2019
Bill McCormick
McCormick Properties
(508) 330-3555
7 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72438616
APN: WORC-000032-000001-000002
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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