Seller's Agent in 2023
Michaela Hillier
Castinetti Realty Group
(774) 573-0299
1 in this area
17 Total Sales
7 Mott St Worcester, MA 01604
Union HIll NeighborhoodEstimated Value: $680,627 - $810,000
9
Beds
3
Baths
3,981
Sq Ft
$184/Sq Ft
Est. Value
Highlights
- Medical Services
- Park
- Level Lot
- Property is near public transit and schools
- Shops
- Heating Available
About This Home
As of July 2023OPEN HOUSE SATURDAY June 3rd from 2:30-4pm. Welcome to 7 Mott St-- the turn key investment you have been waiting for!This classic triple decker features three very spacious and bright 3 bedroom apartments. All units have their own storage, washer /dryer hook ups, plus there is driveway parking-- all things long term tenants are looking for! Tenant retention = cash flow! Lead certs in hand for apartments 1 and 2. All separately metered gas and electric services with an owner's panel. Long term tenants with room for growth on the rents. Potential rental income of $6000/m! Potential to convert to 4 bedroom units for additional income. Very close to the fun at Polar Park and Rt 290 for an easy commute. The small lot and consistent maintenance throughout current ownership minimizes operational expenses. This building is professionally managed and runs like clockwork. Rent rolls and trailing 12 financials are available upon request. Y2D financials running at a 29% expense ratio!
Co-Listed By
Shawna Byfield
Castinetti Realty Group
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,695
Year Built
- Built in 1890
Lot Details
- 3,925 Sq Ft Lot
- Level Lot
Home Design
- Triplex
- Stone Foundation
Interior Spaces
- 3,981 Sq Ft Home
- Basement Fills Entire Space Under The House
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- No Cooling
- Heating Available
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $4,550
- Rent includes unit 1(water), unit 2(water)
- Legal Lot and Block 0031 / 034
- Assessor Parcel Number M:04 B:034 L:00031,1765433
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Net Operating Income $54,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 30, 1995
Sold by
Meagher Michael and Financial Enterprises
Bought by
Financial Enterprises
Current Estimated Value
Purchase Details
Closed on
Jan 31, 1994
Sold by
Cottage Funding Corp
Bought by
Meagher Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
7.01%
Purchase Details
Closed on
Apr 2, 1993
Sold by
Scott Robert W and First Eastern Mtg
Bought by
Cottage Funding Corp
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Financial Enterprises | $20,000 | -- | |
| Meagher Michael | $13,000 | -- | |
| Cottage Funding Corp | $74,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cottage Funding Corp | $131,250 | |
| Closed | Cottage Funding Corp | $55,500 | |
| Previous Owner | Cottage Funding Corp | $28,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2023 07/31/23 | Sold | $630,000 | -3.0% | $158 / Sq Ft | |
| 06/09/2023 06/09/23 | Pending | -- | -- | -- | |
| 05/15/2023 05/15/23 | For Sale | $649,800 | +224.9% | $163 / Sq Ft | |
| 10/31/2017 10/31/17 | Sold | $200,000 | -9.1% | $51 / Sq Ft | View Prior Sale |
| 10/18/2017 10/18/17 | Pending | -- | -- | -- | |
| 09/05/2017 09/05/17 | For Sale | $220,000 | +25.7% | $56 / Sq Ft | |
| 01/17/2014 01/17/14 | Sold | $175,000 | 0.0% | $45 / Sq Ft | View Prior Sale |
| 12/18/2013 12/18/13 | Pending | -- | -- | -- | |
| 12/02/2013 12/02/13 | For Sale | $175,000 | -- | $45 / 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 | $7,675 | $581,900 | $53,800 | $528,100 |
| 2024 | $7,017 | $510,300 | $53,800 | $456,500 |
| 2023 | $6,695 | $466,900 | $43,200 | $423,700 |
| 2022 | $5,835 | $383,600 | $34,500 | $349,100 |
| 2021 | $5,187 | $318,600 | $27,600 | $291,000 |
| 2020 | $3,993 | $234,900 | $27,700 | $207,200 |
| 2019 | $4,055 | $225,300 | $27,400 | $197,900 |
| 2018 | $3,948 | $208,800 | $27,400 | $181,400 |
| 2017 | $3,684 | $191,700 | $27,400 | $164,300 |
| 2016 | $3,613 | $175,300 | $22,700 | $152,600 |
| 2015 | $3,518 | $175,300 | $22,700 | $152,600 |
| 2014 | $3,425 | $175,300 | $22,700 | $152,600 |
Source: Public Records
Agents Affiliated with this Home
-
Michaela Hillier
-
S
Seller Co-Listing Agent in 2023
Shawna Byfield
Castinetti Realty Group
-
Maria LeBlanc
Buyer's Agent in 2023
Maria LeBlanc
Lamacchia Realty, Inc.
(508) 280-4496
1 in this area
63 Total Sales
-
M
Seller's Agent in 2017
Monica Rugg
Monica Rugg
-
E
Buyer's Agent in 2017
Eric Ruscitti
StartPoint Realty
-
Van Nguyen
Seller's Agent in 2014
Van Nguyen
Coldwell Banker Realty - Worcester
(508) 410-2724
1 in this area
71 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73111491
APN: WORC-000004-000034-000031
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