7 Shawmut St Worcester, MA 01609
Elm Park Neighborhood
9
Beds
3
Baths
5,082
Sq Ft
4,745
Sq Ft Lot
Highlights
- Wood Flooring
- Enclosed patio or porch
- Living Room
- Balcony
- Bathtub with Shower
- Park
About This Home
As of December 2024*** Attention investors *** Rare opportunity to own a massive 3 family in the highly desirable Worcester market. Conveniently located within walking distance of historical Elm Park. First time on the market in 52 years! Units 1&2 are occupied at under market rents. Units 1&3 will be delivered vacant. Based on HUD fair market rents and with some TLC, this property can generate over $6,600 in monthly income. Two boilers & water heaters were replaced in 6/2023. Electric panels updated for all 3 units including landlord panel. Many replacement vinyl windows. Massive floor plans with large kitchen, family, dining, and living room, each with 3 bedrooms and 1 bath. Many rooms have carpet with original hardwoods underneath. Each unit has its own front enclosed porch and back porch with extra storage closet. In-unit laundry available in each unit. Bring your vision and transform this large 3-decker into a stunning investment!
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Commonwealth Real Estate Listed on: 10/07/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,221
Year Built
- Built in 1890
Lot Details
- 4,745 Sq Ft Lot
- Cleared Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 5,082 Sq Ft Home
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
- Washer Hookup
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Parking
- 1 Car Parking Space
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Balcony
- Enclosed patio or porch
- Rain Gutters
Utilities
- 3 Heating Zones
- Heating System Uses Natural Gas
- Heating System Uses Steam
- Separate Meters
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $2,400
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Legal Lot and Block 00073 / 004
- Assessor Parcel Number M:06 B:004 L:00073,1766900
Community Details
Overview
- 3 Units
- Property has 1 Level
Recreation
- Park
Building Details
- Electric Expense $150
- Insurance Expense $4,162
- Water Sewer Expense $2,011
- Operating Expense $16,073
- Net Operating Income $12,231
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 28, 2017
Sold by
Koutoulas Evanthia Est and Koutoulas
Bought by
113 June Street Rt
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $498,750 | Purchase Money Mortgage | |
| Closed | $498,750 | Purchase Money Mortgage | |
| Previous Owner | $25,000 | No Value Available | |
| Previous Owner | $92,000 | No Value Available | |
| Previous Owner | $5,075 | No Value Available | |
| Previous Owner | $100,000 | No Value Available | |
| Previous Owner | $12,100 | No Value Available | |
| Previous Owner | $35,000 | No Value Available | |
| Previous Owner | $25,000 | No Value Available | |
| Previous Owner | $5,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $665,000 | +2.3% | $131 / Sq Ft |
| 10/28/2024 10/28/24 | Pending | -- | -- | -- |
| 10/22/2024 10/22/24 | For Sale | $650,000 | 0.0% | $128 / Sq Ft |
| 10/11/2024 10/11/24 | Pending | -- | -- | -- |
| 10/07/2024 10/07/24 | For Sale | $650,000 | -- | $128 / 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 | $9,000 | $682,300 | $61,300 | $621,000 |
| 2024 | $8,221 | $597,900 | $61,300 | $536,600 |
| 2023 | $7,845 | $547,100 | $49,200 | $497,900 |
| 2022 | $6,834 | $449,300 | $39,400 | $409,900 |
| 2021 | $6,471 | $397,500 | $31,500 | $366,000 |
| 2020 | $5,925 | $348,500 | $31,600 | $316,900 |
| 2019 | $4,885 | $271,400 | $31,200 | $240,200 |
| 2018 | $4,750 | $251,200 | $31,200 | $220,000 |
| 2017 | $4,428 | $230,400 | $31,200 | $199,200 |
| 2016 | $4,334 | $210,300 | $25,400 | $184,900 |
| 2015 | $4,221 | $210,300 | $25,400 | $184,900 |
| 2014 | $4,109 | $210,300 | $25,400 | $184,900 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Savoie
Seller's Agent in 2024
Gary Savoie
Berkshire Hathaway HomeServices Commonwealth Real Estate
(401) 651-3953
1 in this area
6 Total Sales
-
Sohrab Khan
S
Buyer's Agent in 2024
Sohrab Khan
MIG
(617) 678-6843
1 in this area
32 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73299263
APN: WORC-000006-000004-000073
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