NOT LISTED FOR SALE

Estimated Value: $436,807 - $692,000

6 Beds
3 Baths
4,079 Sq Ft
$142/Sq Ft Est. Value

Last Sold September 16, 2021

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

Est. 57% increase in value since last sale

Current estimated payment $3,753/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 Listed By

Jackie Painchaud

1 Worcester Homes Listed on: 06/01/2021

1 Worcester Homes

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
1 Worcester Homes
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%
Total Days on Market
67
Current Estimated Value
$577,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,702
Avg. Annual Appreciation
10.60%
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

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