NOT LISTED FOR SALE

Estimated Value: $485,643 - $708,000

6 Beds
3 Baths
4,079 Sq Ft
$150/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $368,000 $90 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,746/month

67 Days on Market

Highlights

  • Medical Services
  • Park
  • Coin Laundry
  • Property is near public transit
  • Shops
  • Heating Available

About This Home

As of September 2021

NOW VACANT!!! Here is your chance to own one of Worcester's most affordable 3 deckahs! This is excellent opportunity to build some sweat equity or great for anyone looking to add value. The units are all very large & feature a living room, dining room, eat-in kitchen, pantry, 2 bedrooms & a full bathroom per unit. Huge master bedroom closets too! Lots of original details like hardwood floors, un-painted woodwork, pocket doors, etc. 1st floor has a private front entrance. All units are vacant so you can renovate & choose your own tenants or move in. Close to highways, bus routes, Green Hill Park, etc. You won't find a better opportunity in this price range. Units could be converted into 3 bedroom units to command higher rents. Some electrical updates & replacement windows. Won't pass FHA or VA. Very close to Umass Memorial, Umass Lake Ave & the highway. Get in on Worcester's rapidly rising multi family market while you still can! Easy to show!

Last Agent to Sell the Property

Jackie Painchaud

The Neighborhood Realty Group Listed on: 06/01/2021

The Neighborhood Realty Group

Last Buyer's Agent

Jean Tse

Keller Williams Boston MetroWest

Keller Williams Boston MetroWest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,598

Year Built

  • Built in 1890

Lot Details

  • 4,356

Interior Spaces

  • 4,079 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • 4,356 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $800
  • Assessor Parcel Number M:16 B:007 L:00016,1777909

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Additional Features

  • 3 Units
  • Net Operating Income $9,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,598

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1890
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Unknown/Mixed
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room)
  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Living Area: 4079
  • Stories Total: 3
  • MAIN LO: AN6800
  • LIST PRICE PER Sq Ft: 95.59
  • PRICE PER Sq Ft: 90.22
  • MAIN SO: AN5720

Exterior Features

  • Foundation Details: Other
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Electric), Unit 2(Gas), Unit 3(Gas)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University

Lot Info

  • Parcel Number: M:16 B:007 L:00016,1777909
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356
  • Lot Size Units: Acres
  • LOT SIZE: 4546
  • PAGE: 53

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3598
  • Tax Book Number: 15129

Multi Family

  • Gross Income: 9600
  • Net Operating Income: 9600
  • Number Of Units Total: 3
  • Total Actual Rent: 800
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Sep 16, 2021
Sold by
Larkin Michael P
Bought by
Zhu Junjie and Zhang Wanwan
Seller's Agent
Jackie Painchaud
The Neighborhood Realty Group
Buyer's Agent
Jean Tse
Keller Williams Boston MetroWest
List Price
$399,900
Sold Price
$368,000
Premium/Discount to List
-$31,900
-7.98%
Current Estimated Value
$610,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,911
Avg. Annual Appreciation
12.26%
Original Mortgage
$345,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2008
Sold by
Larkin Paul A Est
Bought by
Larkin Michael P

Purchase Details

Closed on
Apr 28, 1993
Sold by
Fhlmc
Bought by
Larkin Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
7.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 1993
Sold by
Salerno Philip T and Federal Home Loan Mortgage Cor
Bought by
Fhlmc
Source: Public Records

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
Zhu Junjie $368,000 None Available
Larkin Michael P -- --
Larkin Paul A $47,500 --
Fhlmc $49,348 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhu Junjie $315,000
Closed Zhu Junjie $345,000
Previous Owner Salerno Philip T $27,000
Previous Owner Salerno Philip T $49,377
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2021 09/16/21 Sold $368,000 -5.6% $90 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/02/2021 08/02/21 Price Changed $389,900 -2.5% $96 / Sq Ft
07/14/2021 07/14/21 For Sale $399,900 +8.7% $98 / Sq Ft
07/02/2021 07/02/21 Off Market $368,000 -- --
06/30/2021 06/30/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $399,900 -- $98 / 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 $6,234 $472,600 $75,900 $396,700
2024 $5,756 $418,600 $75,900 $342,700
2023 $5,507 $384,000 $66,000 $318,000
2022 $4,785 $314,600 $52,800 $261,800
2021 $3,598 $221,000 $42,300 $178,700
2020 $3,344 $196,700 $42,000 $154,700
2019 $3,321 $184,500 $36,700 $147,800
2018 $3,254 $172,100 $36,700 $135,400
2017 $3,060 $159,200 $36,700 $122,500
2016 $2,896 $140,500 $26,700 $113,800
2015 $2,820 $140,500 $26,700 $113,800
2014 $2,745 $140,500 $26,700 $113,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72840518

MLS Property Information Network (MLS PIN)

APN: WORC-000016-000007-000016