NOT LISTED FOR SALE
8 Beds
4 Baths
4,524 Sq Ft
3,920 Sq Ft Lot

Last Sold December 15, 2016

Last sale price $157,000 $35 Per Sq Ft

20 Days on Market

About This Home

As of December 2016

Here is an EXCELLENT opportunity to purchase a real money maker! Yes, the building needs work but has tremendous income producing potential. The restaurant on the 1st floor has been in business at this location since 2005. There is a 2 bedroom apt on the 1st floor as well. 2nd & 3rd floors are HUGE 6 room 3 bedroom apartments. 3rd floor is vacant & was recently painted and the floors have been refinished. Still needs some finishing touches but could be ready to rent in no time. 2nd floor apt is also vacant and needs work. The slate roof was recently repaired. Seller & seller's agent have limited property history. Buyer to do all due diligence to their satisfaction. Property will NOT go FHA and is best suited for a cash buyer or a rehab / commercial loan. This old beauty was the crown jewel of the neighborhood at one time and is dying to shine again!

Last Listed By

Jackie Painchaud

1 Worcester Homes Listed on: 11/02/2016

1 Worcester Homes

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Level
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 18
  • Basement: Full
  • Total Levels: 4

Exterior Features

  • Roof: Slate
  • Foundation: Other (See Remarks)

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 4

Lot Info

  • Assessor Parcel Number: M:04 B:026 L:00038
  • Zoning: RG-5

Multi Family

  • Foundation: unknown
  • Total Bedrooms: 8
  • Total Floors: 7
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Total Levels: 3
  • Total Rms: 18
  • Total Rent_1: 2325

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2016
Closed on
Dec 15, 2016
Sold by
Tallage Adams Llc
Bought by
Fallon Edward F
Seller's Agent
Jackie Painchaud
1 Worcester Homes
Buyer's Agent
Diane Darrah Nordberg
RE/MAX Executive Realty
List Price
$199,900
Sold Price
$157,000
Premium/Discount to List
-$42,900
-21.46%
Total Days on Market
20

Range of Values:

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ICE

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Average Value
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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
Fallon Edward F $157,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fallon Edward F $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2016 12/15/16 Sold $157,000 -12.7% $35 / Sq Ft
11/22/2016 11/22/16 Pending -- -- --
11/16/2016 11/16/16 Price Changed $179,900 -10.0% $40 / Sq Ft
11/02/2016 11/02/16 For Sale $199,900 -- $44 / 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 -- $494,400 $124,100 $370,300
2024 -- $435,600 $124,100 $311,500
2023 $0 $495,300 $107,900 $387,400
2022 $0 $395,200 $86,300 $308,900
2021 $0 $283,000 $69,000 $214,000
2020 $0 $264,300 $63,900 $200,400
2019 $0 $246,700 $60,500 $186,200
2018 $0 $246,700 $60,500 $186,200
2017 $0 $246,700 $60,500 $186,200
2016 -- $234,200 $51,300 $182,900
2015 -- $234,200 $51,300 $182,900
2014 $4,485 $234,200 $51,300 $182,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72088870

MLS Property Information Network (MLS PIN)

APN: WORC-000004-000026-000038