NOT LISTED FOR SALE

71 Dewey St Worcester, MA 01610

University Park Neighborhood

Estimated Value: $502,000 - $691,000

6 Beds
3 Baths
3,708 Sq Ft
$160/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $490,000 $132 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,815/month

4 Days on Market

About This Home

As of November 2023

Solid investment opportunity with this large 3-family conveniently located just off of Chandler & Park. Large barn/garage on property. Good sized apartments, with each one having a large kitchen, pantry, living room, dining room, two bedrooms, and a large room off the kitchen which is used for the 3rd bedroom. All units have the same layout. Nice level lot with excellent parking, and a large barn/garage for fantastic storage. Zoning is MG1 which covers a multitude of potential uses (see attached use regulation table).

Last Agent to Sell the Property

John Atchue

Mathieu Newton Sotheby's International Realty Listed on: 10/06/2023

Last Buyer's Agent

Al DeSouza

First Option Properties Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,135

Year Built

  • Built in 1890

Lot Details

  • 6,875

Parking

  • 4 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 3,708 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • 3 Heating Zones
  • Natural Gas Connected

Additional Features

  • Enclosed Patio or Porch
  • 6,875 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number M:06 B:012 L:00027,1767213

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Insurance Expense $3,715
  • Water Sewer Expense $232
  • Operating Expense $3,715

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,135

Year Built

Built in 1890

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1890
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1 Rooms(Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range), Unit 2(Range), Unit 3(Range), Utility Connections for Gas Range
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3708
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN0394
  • MAIN SO: BB4792

Exterior Features

  • Exterior Features: Porch - Enclosed
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking Spaces: 4
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3

Condo/Co-op/Association

  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 232

Lot Info

  • Parcel Number: M:06 B:012 L:00027,1767213
  • Zoning: MG-1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6875
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6135

Multi Family

  • Insurance Expense: 3715
  • Number Of Units Total: 3
  • Operating Expense: 3715
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Nov 21, 2023
Sold by
Bellville Earl E Est and Mezynski
Bought by
71 Dewey St Llc
Seller's Agent
John Atchue
Mathieu Newton Sotheby's International Realty
Buyer's Agent
Al DeSouza
First Option Properties Inc.
List Price
$485,000
Sold Price
$490,000
Premium/Discount to List
$5,000
1.03%
Views
20
Current Estimated Value
$617,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,667
Avg. Annual Appreciation
9.35%
Original Mortgage
$518,000
Outstanding Balance
$508,211
Interest Rate
7.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$85,122

Purchase Details

Closed on
May 25, 2012
Sold by
Hovagimian Michael and Hovagimian Joseph D
Bought by
Bellville Earl E

Purchase Details

Closed on
May 18, 2007
Sold by
Hovagimian Aram
Bought by
Hovagimian Aram and Bellville Earl E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
71 Dewey St Llc $490,000 None Available
Bellville Earl E -- --
Bellville Earl E -- --
Hovagimian Aram -- --
Hovagimian Aram -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 71 Dewey St Llc $518,000
Previous Owner Hovagimian Aram $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2023 11/22/23 Sold $490,000 +1.0% $132 / Sq Ft
10/11/2023 10/11/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $485,000 -- $131 / 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 $7,024 $532,500 $75,600 $456,900
2024 $6,475 $470,900 $75,600 $395,300
2023 $6,135 $427,800 $60,700 $367,100
2022 $5,346 $351,500 $48,600 $302,900
2021 $4,923 $302,400 $38,800 $263,600
2020 $4,551 $267,700 $39,000 $228,700
2019 $3,195 $177,500 $38,400 $139,100
2018 $3,141 $166,100 $38,400 $127,700
2017 $2,966 $154,300 $38,400 $115,900
2016 $2,854 $138,500 $30,700 $107,800
2015 $2,780 $138,500 $30,700 $107,800
2014 $2,706 $138,500 $30,700 $107,800
Source: Public Records

Agents Affiliated with this Home

  • John Atchue

    Seller's Agent in 2023

    John Atchue

    Mathieu Newton Sotheby's International Realty

    (508) 641-8126

    1 in this area

    111 Total Sales

    John Atchue
    Section Image

  • A

    Buyer's Agent in 2023

    Al DeSouza

    First Option Properties Inc.

    (978) 821-5604

    3 in this area

    39 Total Sales

    Al DeSouza
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73167577

MLS Property Information Network (MLS PIN)

APN: WORC-000006-000012-000027

Massachusetts Worcester County Worcester 01610 University Park

71 Dewey St, Worcester, MA

Not Listed for Sale

MultiFamily

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