Seller's Agent in 2023
Albert Surabian
Keller Williams Pinnacle Central
(508) 981-7227
1 in this area
54 Total Sales
79 Gates St Worcester, MA 01610
Beacon Brightly NeighborhoodEstimated Value: $514,000 - $715,000
9
Beds
3
Baths
3,906
Sq Ft
$163/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit and schools
- Loft
- Deck
- Wood Flooring
- 2-minute walk to University Park
About This Home
As of May 2023Great opportunity to own this three-unit property directly off Main Street in residential neighborhood and across from the University (Crystal) Park by Clark University in Worcester. This three-family home was family-owned for nearly 60 years and offers separate electric, gas, and laundry connections for each floor, custom built-ins, woodworking, trim, and hardwood floors. TLC needed. Updates over the years include newer furnace, three newer water heaters, and three 100-amp circuit breakers. Nice size backyard and ample parking w/possible room for expansion, tons of storage for each unit including a full walkout basement. Property qualifies for the Clark University Park Partnership Scholarship Program with special requirements making it a great long-term investment. Tons of amenities nearby with easy access to major routes. This is a tremendous investment opportunity for owner occupants and investors wanting additional income. Schedule a showing today and earn instant cash flow!
Last Agent to Sell the Property
Keller Williams Pinnacle Central Listed on: 04/04/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,986
Year Built
- Built in 1898
Lot Details
- 6,787 Sq Ft Lot
- Fenced
Home Design
- Brick Foundation
- Shingle Roof
Interior Spaces
- 3,906 Sq Ft Home
- Mud Room
- Loft
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Parking
- 3 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
Location
- Property is near public transit and schools
Utilities
- No Cooling
- Heating Available
- 100 Amp Service
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number M:07 B:004 L:00031,1768579
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 4, 2023
Closed on
May 10, 2023
Sold by
Neale Rosemarie
Bought by
Kansal Mohit and Agnihotri Parul
Seller's Agent
Albert Surabian
Keller Williams Pinnacle Central
Buyer's Agent
Otis Tat
Excelsior Realty
List Price
$485,000
Sold Price
$550,000
Premium/Discount to List
$65,000
13.4%
Views
68
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
$85,579
Avg. Annual Appreciation
5.65%
Original Mortgage
$412,500
Outstanding Balance
$399,674
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$235,905
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kansal Mohit | $550,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kansal Mohit | $412,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/10/2023 05/10/23 | Sold | $550,000 | +13.4% | $141 / Sq Ft |
| 04/07/2023 04/07/23 | Pending | -- | -- | -- |
| 04/04/2023 04/04/23 | For Sale | $485,000 | -- | $124 / 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 | $5,678 | $430,500 | $63,500 | $367,000 |
| 2024 | $5,280 | $384,000 | $63,500 | $320,500 |
| 2023 | $4,986 | $347,700 | $50,200 | $297,500 |
| 2022 | $4,341 | $285,400 | $40,200 | $245,200 |
| 2021 | $4,247 | $260,900 | $32,100 | $228,800 |
| 2020 | $3,917 | $230,400 | $32,100 | $198,300 |
| 2019 | $3,800 | $211,100 | $30,600 | $180,500 |
| 2018 | $3,706 | $196,000 | $30,600 | $165,400 |
| 2017 | $3,469 | $180,500 | $30,600 | $149,900 |
| 2016 | $3,308 | $160,500 | $21,200 | $139,300 |
| 2015 | $3,221 | $160,500 | $21,200 | $139,300 |
| 2014 | $3,136 | $160,500 | $21,200 | $139,300 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Surabian
-
Otis Tat
Buyer's Agent in 2023
Otis Tat
Excelsior Realty
(508) 736-2735
4 in this area
130 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73094898
APN: WORC-000007-000004-000031
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