B
Seller's Agent in 2024
Ben Kovacs
Byrnes Real Estate Group LLC
(774) 217-2268
4 in this area
87 Total Sales
7 Lyon St Worcester, MA 01604
Shrewsbury Street NeighborhoodEstimated Value: $690,000 - $757,607
9
Beds
3
Baths
3,260
Sq Ft
$220/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Enclosed Patio or Porch
- Park
- Wood Flooring
- Tandem Parking
- 3-minute walk to Cristoforo Colombo Park
About This Home
As of December 2024Unlock a premier investment opportunity with 7 Lyon Street, a fully stabilized three-family property located just off Shrewsbury Street in Worcester. This well-maintained gem offers an excellent blend of stability, modern amenities, and strong rental potential, making it a prime addition to any investment portfolio. Situated just off the vibrant Shrewsbury Street, this property enjoys proximity to an array of restaurants, shops, and entertainment options. The location offers excellent connectivity to major highways and downtown Worcester, ensuring consistent tenant interest and high occupancy rates. For experienced investors seeking a high-performing, income-generating asset with modern updates and minimal risk, 7 Lyon Street represents a compelling opportunity. Contact us today to explore this exceptional property and see how it can fit into your investment strategy!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,314
Year Built
- Built in 1900
Lot Details
- 4,595 Sq Ft Lot
- Fenced
- Level Lot
Home Design
- 3,260 Sq Ft Home
- Brick Foundation
- Stone Foundation
- Frame Construction
- Rubber Roof
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 2 Car Parking Spaces
- Tandem Parking
- Off-Street Parking
Schools
- City View Elementary School
- Worcester East Middle School
- Worcester Tech High School
Utilities
- 3 Cooling Zones
- 3 Heating Zones
- 100 Amp Service
Additional Features
- Enclosed Patio or Porch
- Property is near public transit
- Unfinished Basement
Listing and Financial Details
- Total Actual Rent $6,500
- Assessor Parcel Number M:16 B:034 L:00035,1778658
Community Details
Overview
- 3 Units
- Property has 1 Level
Recreation
- Park
Additional Features
- Coin Laundry
- Net Operating Income $78,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2022
Closed on
Jul 6, 2022
Sold by
Disilvestro Mary A and Disilvestro Stephen
Bought by
7 Lyon Llc
Seller's Agent
Kelly Nelson
Blue Sky Realty
Buyer's Agent
Ben Kovacs
Byrnes Real Estate Group LLC
List Price
$595,000
Sold Price
$595,000
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
$123,652
Avg. Annual Appreciation
5.21%
Original Mortgage
$446,250
Outstanding Balance
$423,353
Interest Rate
5.1%
Mortgage Type
Commercial
Estimated Equity
$295,299
Purchase Details
Listed on
May 13, 2022
Closed on
Jun 1, 2022
Sold by
Disilvestro Stephen V and Disilvestro James J
Bought by
Disilvestro Mary A
Seller's Agent
Kelly Nelson
Blue Sky Realty
Buyer's Agent
Ben Kovacs
Byrnes Real Estate Group LLC
List Price
$595,000
Sold Price
$595,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,250
Outstanding Balance
$423,353
Interest Rate
5.1%
Mortgage Type
Commercial
Estimated Equity
$295,299
Purchase Details
Closed on
Aug 18, 2021
Sold by
Disilvestro Mary A
Bought by
Disilvestro Stephen V and Disilvestro James J
Purchase Details
Closed on
Jan 16, 1991
Sold by
Disilvestro Marie and Falco William J
Bought by
Disilvestro Joseph G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
9.68%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 7 Lyon Llc | $595,000 | None Available | |
| Disilvestro Mary A | -- | None Available | |
| Disilvestro Mary A | -- | None Available | |
| Disilvestro Stephen V | -- | None Available | |
| Disilvestro Stephen V | -- | None Available | |
| Disilvestro Joseph G | $50,000 | -- | |
| Disilvestro Joseph G | $50,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 7 Lyon Llc | $446,250 | |
| Previous Owner | Disilvestro Joseph G | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/13/2024 12/13/24 | Sold | $750,000 | -3.2% | $230 / Sq Ft | |
| 11/08/2024 11/08/24 | Pending | -- | -- | -- | |
| 09/06/2024 09/06/24 | For Sale | $775,000 | +30.3% | $238 / Sq Ft | |
| 07/06/2022 07/06/22 | Sold | $595,000 | 0.0% | $183 / Sq Ft | View Prior Sale |
| 05/19/2022 05/19/22 | Pending | -- | -- | -- | |
| 05/13/2022 05/13/22 | For Sale | $595,000 | -- | $183 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $7,956 | $603,200 | $76,500 | $526,700 |
| 2024 | $7,314 | $531,900 | $76,500 | $455,400 |
| 2023 | $6,006 | $418,800 | $66,500 | $352,300 |
| 2022 | $5,228 | $343,700 | $53,200 | $290,500 |
| 2021 | $4,770 | $293,000 | $42,600 | $250,400 |
| 2020 | $4,408 | $259,300 | $42,300 | $217,000 |
| 2019 | $4,397 | $244,300 | $36,900 | $207,400 |
| 2018 | $4,293 | $227,000 | $36,900 | $190,100 |
| 2017 | $4,021 | $209,200 | $36,900 | $172,300 |
| 2016 | $3,182 | $154,400 | $26,900 | $127,500 |
| 2015 | $3,099 | $154,400 | $26,900 | $127,500 |
| 2014 | $3,017 | $154,400 | $26,900 | $127,500 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Kovacs
-
Mark Savage
M
Seller Co-Listing Agent in 2024
Mark Savage
Byrnes Real Estate Group LLC
(781) 789-4902
2 in this area
18 Total Sales
-
Elvis Doda
Buyer's Agent in 2024
Elvis Doda
Coldwell Banker Realty - Milton
(617) 319-9202
1 in this area
95 Total Sales
-
Kelly Nelson
Seller's Agent in 2022
Kelly Nelson
Blue Sky Realty
(508) 579-6564
1 in this area
59 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73286416
APN: WORC-000016-000034-000035
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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