Seller's Agent in 2022
Karen Richardson
Laer Realty
(508) 414-9804
1 in this area
23 Total Sales
8 Stearns St Worcester, MA 01603
Webster Square NeighborhoodEstimated Value: $611,000 - $656,000
6
Beds
3
Baths
2,812
Sq Ft
$226/Sq Ft
Est. Value
Highlights
- Medical Services
- Wood Flooring
- Community Pool
- Property is near public transit
- Corner Lot
- Tennis Courts
About This Home
As of July 2022Excellent Investor or Owner-Occupied Opportunity! Come view this wonderful 3 Unit property at the Open Houses on Tuesday 6:00PM - 7:00PM and Friday 4:00PM - 6:00PM. There is nothing to do here but collect the Rent! Fully Occupied with great, paying/current tenants who pay all their own utilities (owner pays water/sewer) and take good care of the home. Each unit has 2BR with W&D hook-ups, large rooms, hardwood floors, plenty of storage space and updated kitchens and baths. Siding, Windows, Roof, Heating Systems and HW Heaters are all recent. There is plenty of parking off street, plus a 1 car garage and additional on-street parking is allowed. This is a lovely, fully fenced, corner lot in a super convenient location on a quiet street in an area of mainly single family homes. Current rents bring in $4280 a month but could be higher. Call/Text/Email with questions or come on over to the Open Houses!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,416
Year Built
- Built in 1900 | Remodeled
Lot Details
- 5,040 Sq Ft Lot
- Fenced
- Corner Lot
- Level Lot
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,812 Sq Ft Home
- Insulated Windows
- Window Screens
- Wood Flooring
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Outdoor Features
- Enclosed patio or porch
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 3 Heating Zones
- Heating Available
- Separate Meters
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Total Actual Rent $4,280
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:15 B:020 L:00018,1777053
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Tennis Courts
- Community Pool
- Park
- Bike Trail
Building Details
- Water Sewer Expense $1,044
- Operating Expense $1,044
- Net Operating Income $51,360
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 1, 2008
Sold by
Mass Wells Fargo Fncl
Bought by
Alfeo Salvatore G
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,040
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 10, 2008
Sold by
Gustafson James P
Bought by
Mass Wells Fargo Fncl
Purchase Details
Closed on
Oct 29, 1996
Sold by
Carr William G and Carr Dorothy
Bought by
Riedle Scott M and Riedle Jennifer
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alfeo Salvatore G | $152,000 | -- | |
| Mass Wells Fargo Fncl | $230,000 | -- | |
| Riedle Scott M | $102,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zou Pingping | $381,500 | |
| Closed | Alfeo Salvatore G | $117,040 | |
| Previous Owner | Gustafson James P | $261,640 | |
| Previous Owner | Riedle Scott M | $136,000 | |
| Previous Owner | Riedle Scott M | $27,450 | |
| Previous Owner | Riedle Scott M | $15,000 | |
| Previous Owner | Riedle Scott M | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/27/2022 07/27/22 | Sold | $545,000 | +4.8% | $194 / Sq Ft |
| 06/15/2022 06/15/22 | Pending | -- | -- | -- |
| 06/12/2022 06/12/22 | For Sale | $519,900 | -- | $185 / 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 | $6,156 | $466,700 | $81,600 | $385,100 |
| 2024 | $6,007 | $436,900 | $81,600 | $355,300 |
| 2023 | $6,017 | $419,600 | $70,900 | $348,700 |
| 2022 | $5,416 | $356,100 | $56,800 | $299,300 |
| 2021 | $4,446 | $273,100 | $45,400 | $227,700 |
| 2020 | $3,607 | $212,200 | $45,100 | $167,100 |
| 2019 | $3,717 | $206,500 | $39,400 | $167,100 |
| 2018 | $3,774 | $199,600 | $39,400 | $160,200 |
| 2017 | $3,583 | $186,400 | $39,400 | $147,000 |
| 2016 | $3,475 | $168,600 | $28,400 | $140,200 |
| 2015 | $3,384 | $168,600 | $28,400 | $140,200 |
| 2014 | $3,294 | $168,600 | $28,400 | $140,200 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72996435
APN: WORC-000015-000020-000018
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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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