NOT LISTED FOR SALE

Estimated Value: $712,000 - $910,000

8 Beds
3 Baths
3,631 Sq Ft
$234/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $775,000 $213 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,924/month

62 Days on Market

Highlights

  • Medical Services
  • Handicap Accessible
  • Level Lot
  • Property is near public transit and schools
  • Shops

About This Home

As of February 2024

This three-unit property comprises two 3-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, offering a total of 3,631 sq. ft. of living space. Notably, it comes with strong in-place rents and separately metered utilities. In 2022, substantial upgrades were completed. New siding was installed, and Units 1 and 3 received brand-new windows. Unit 1 underwent a comprehensive gut renovation, resulting in condo-quality features. Unit 2 now boasts a new boiler, and Unit 3 features updated appliances. Laundry facilities are conveniently available for tenants. Situated on Pleasant Street, the property provides easy access to Worcester's amenities. Public transportation offers a direct route to downtown, with abundant employment and entertainment opportunities. Worcester is an educational hub, hosting eight colleges, attracting over 36,000 students. Worcester State University and Assumption University are conveniently located within a mile and a mile and a half of the property.

Last Agent to Sell the Property

Ethan Lazar

Horvath & Tremblay Listed on: 10/12/2023

Last Buyer's Agent

Ethan Lazar

Horvath & Tremblay Listed on: 10/12/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,142

Year Built

  • Built in 1919

Lot Details

  • 4,352 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 3,631 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Handicap Accessible
  • Property is near public transit and schools
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $6,875
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 1785836

Community Details

Overview

  • 3 Units

Amenities

  • Medical Services
  • Shops

Building Details

  • Operating Expense $17,900
  • Net Operating Income $63,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,142

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1919
  • Buyer Agency Type: %
  • 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: 4

Interior Features

  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Accessibility Features: Handicap Access
  • Living Area: 3631
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN2723
  • MAIN SO: AN2723

Exterior Features

  • Exterior Features: Handicap Access
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Public School, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1785836
  • Zoning: RS-7
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4352
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5142

Multi Family

  • Net Operating Income: 63400
  • Number Of Units Total: 3
  • Operating Expense: 17900
  • Total Actual Rent: 6875
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 3: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Feb 1, 2024
Sold by
Fitzgerald Capital Llc
Bought by
Lightner Christian and Kenney Kia
Seller's Agent
Ethan Lazar
Horvath & Tremblay
Buyer's Agent
Ethan Lazar
Horvath & Tremblay
List Price
$800,000
Sold Price
$775,000
Premium/Discount to List
-$25,000
-3.12%
Views
260
Current Estimated Value
$850,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,911
Avg. Annual Appreciation
4.88%
Original Mortgage
$581,250
Outstanding Balance
$569,559
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$281,352

Purchase Details

Closed on
Jun 3, 2022
Sold by
Obrien Keiron and Obrien Kathleen M
Bought by
Fitzgerald Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 31, 2021
Closed on
Jun 8, 2021
Sold by
Imbier Tobia G and Maher Kelby
Bought by
Obrien Keiron
Seller's Agent
Melanie Fernandes
Weichert REALTORS®, Hope & Associates
Buyer's Agent
Ryan Sweder
Century 21 North East
List Price
$375,000
Sold Price
$385,000
Premium/Discount to List
$10,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.77%
Original Mortgage
$288,750
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2005
Sold by
Mardirossian Dalita and Mardirossian George
Bought by
Maher Kelby and Imbier Tobia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,400
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 1990
Sold by
Lapin Anne
Bought by
Mardirossian George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
10.01%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lightner Christian $775,000 None Available
Fitzgerald Capital Llc $400,000 None Available
Obrien Keiron $385,000 None Available
Maher Kelby $318,000 --
Maher Kelby $318,000 --
Mardirossian George $148,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lightner Christian $581,250
Previous Owner Fitzgerald Capital Llc $450,000
Previous Owner Obrien Keiron $288,750
Previous Owner Maher Kelby $254,400
Previous Owner Mardirossian George $111,000
Previous Owner Mardirossian George $111,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2024 02/01/24 Sold $775,000 0.0% $213 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
11/01/2023 11/01/23 Price Changed $775,000 -3.1% $213 / Sq Ft
10/12/2023 10/12/23 For Sale $800,000 +107.8% $220 / Sq Ft
06/08/2021 06/08/21 Sold $385,000 +2.7% $106 / Sq Ft View Prior Sale
04/13/2021 04/13/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $375,000 -- $103 / 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 $5,693 $431,600 $88,700 $342,900
2024 $5,565 $404,700 $88,700 $316,000
2023 $5,142 $358,600 $77,200 $281,400
2022 $4,606 $302,800 $61,800 $241,000
2021 $4,203 $258,200 $49,400 $208,800
2020 $3,951 $232,400 $49,400 $183,000
2019 $4,095 $227,500 $44,500 $183,000
2018 $3,438 $181,800 $44,500 $137,300
2017 $3,271 $170,200 $44,500 $125,700
2016 $3,155 $153,100 $33,400 $119,700
2015 $3,073 $153,100 $33,400 $119,700
2014 $2,992 $153,100 $33,400 $119,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73169768

MLS Property Information Network (MLS PIN)

APN: WORC-000025-000006-000034