NOT LISTED FOR SALE
11 Beds
6 Baths
5,616 Sq Ft
4,463 Sq Ft Lot

Sale Details

Date Sold: August 31, 2022

Last sale price $750,000 $134 Per Sq Ft

13 Days on Market

Highlights

  • Waterfront
  • Home Office
  • Living Room
  • Corner Lot
  • Enclosed Patio or Porch
  • Heating System Uses Natural Gas

About This Home

As of August 2022

WATERVIEW 6 family on Indian Lake with separate utilities for all units. ALL units currently occupied on leases; unit #6 is currently renting at $800. The building has coin-op washer & dryer in the basement. Great investment property for anyone looking to invest in the rapidly rising real estate market of Worcester. Open House Thursday April 21st, at 4pm-6pm, and Saturday April 23rd, at noon to 2pm. ALL OFFERS IN BY 5PM, APRIL 25th, 2022. WILL REVIEW ON WEDNESDAY APRIL 27th, 2022. SELLER HAS THE RIGHT TO ACCEPT AN OFFER AT ANYTIME.

Last Agent to Sell the Property

Herby Blanc

Property Investors & Advisors, LLC Listed on: 04/14/2022

Last Buyer's Agent

Paul O'Rourke

The O'Rourke Group Real Estate Professionals

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,501

Year Built

  • Built in 1904

Lot Details

  • 4,463 Sq Ft Lot
  • Waterfront
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 5,616 Sq Ft Home
  • Insulated Windows
  • Living Room
  • Home Office
  • Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $6,230
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:13 B:018 L:00001,1775264

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Building Details

  • Water Sewer Expense $2,400
  • Operating Expense $3,868
  • Net Operating Income $70,892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,501

Year Built

Built in 1904

Lot Details

4,463 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1904
  • Year Built Details: Actual
  • 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: Laundry Room, Living Room, Kitchen, Office/Den
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Range, Refrigerator
  • Total Bedrooms: 11
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Partial, Walk-Out Access, Interior Entry, Concrete
  • Living Area: 5616
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN6800
  • MAIN SO: AN5361

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Road Surface Type: Unimproved
  • Roof: Shingle
  • Waterfront Features: Waterfront, Beach Front, Lake, 0 to 1/10 Mile To Beach, Beach Ownership(Private,Other (See Remarks))
  • Waterfront YN: Yes
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Cooling: None
  • Heating: Electric, Natural Gas
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Electric

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2400

Lot Info

  • Parcel Number: M:13 B:018 L:00001,1775264
  • Zoning: RL-7
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4463
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6501

Multi Family

  • Net Operating Income: 70892
  • Number Of Units Total: 6
  • Operating Expense: 3868
  • Total Actual Rent: 6230
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Aug 31, 2022
Sold by
Bought by
Seller's Agent
Herby Blanc
Property Investors & Advisors, LLC
Buyer's Agent
Paul O'Rourke
The O'Rourke Group Real Estate Professionals
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Outstanding Balance
$448,622
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2007
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2001
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 1995
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 1994
Sold by
Bought by

Purchase Details

Closed on
May 21, 1991
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$750,000 None Available
$300,000 --
$375,000 --
$365,000 --
$287,450 --
$90,000 --
$320,000 --
$115,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $475,000
Previous Owner $295,000
Closed $37,500
Previous Owner $250,000
Previous Owner $20,000
Previous Owner $350,000
Previous Owner $37,000
Previous Owner $115,000
Previous Owner $59,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $750,000 -6.1% $134 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $799,000 -- $142 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,472 $793,900 $65,000 $728,900
2024 $9,433 $686,000 $65,000 $621,000
2023 $8,267 $576,500 $42,800 $533,700
2022 $7,672 $504,400 $42,800 $461,600
2021 $6,501 $399,300 $42,800 $356,500
2020 $5,226 $307,400 $42,800 $264,600
2019 $5,269 $292,700 $48,800 $243,900
2018 $5,380 $284,500 $48,800 $235,700
2017 $5,468 $284,500 $48,800 $235,700
2016 $5,212 $252,900 $54,000 $198,900
2015 $4,749 $236,600 $37,700 $198,900
2014 $4,623 $236,600 $37,700 $198,900
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72966894

MLS Property Information Network (MLS PIN)
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