This LARGE three-family home offers immense potential for the right buyer in sought after area of Grafton Hill. With a bit of TLC, this property can be transformed into a lucrative rental or a spacious multi-family residence. This property features three units, each with three spacious bedrooms, one bathroom, a comfortable living room, a separate dining room, and a functional kitchen. Off-street parking and a two car garage add to the appeal, making it attractive to potential tenants and owner occupants. The proximity to major highways and downtown makes it ideal for commuting. The vibrant community blends urban amenities with suburban charm, making it a desirable location for families and professionals alike.With the strong rental market in Worcester, there's potential for significant rental income post-renovation, and strategic upgrades can greatly increase the property's value. Won't qualify for FHA/ VA
Sold for $660,100 on 08/01/24
$660,100
196 Fairmont Ave, Worcester, MA 01604
9beds
4,065sqft
3 Family
Built in 1927
-- sqft lot
$691,400 Zestimate®
$162/sqft
$2,515 Estimated rent
Home value
$691,400
$629,000 - $761,000
$2,515/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 01, 2024 at 05:26pm
Listed by:
Alyson Traficante 978-857-0270,
Connie Doto Realty Group 978-683-0004
Bought with:
Chad King
Prospective Realty INC
Source: MLS PIN,MLS#: 73249312
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,065
- Total interior livable area: 4,065 sqft
Property
Parking
- Total spaces: 14
- Parking features: Off Street, Paved
- Garage spaces: 2
- Uncovered spaces: 12
Lot
- Size: 5,335 sqft
- Features: Level
Details
- Parcel number: 1780381
- Zoning: RG-5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Stone
Condition
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Location
- Region: Worcester
HOA & financial
Other financial information
- Total actual rent: 4050
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2024 | Sold | $660,100+5.6%$162/sqft |
Source: MLS PIN #73249312 | ||
| 7/2/2024 | Contingent | $625,000$154/sqft |
Source: MLS PIN #73249312 | ||
| 6/27/2024 | Listed for sale | $625,000+506.8%$154/sqft |
Source: MLS PIN #73249312 | ||
| 5/6/1994 | Sold | $103,000$25/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,107 +8% | $614,600 +12.5% |
| 2024 | $7,509 +4.4% | $546,100 +8.9% |
| 2023 | $7,192 +14.6% | $501,500 +21.5% |
Find assessor info on the county website
Neighborhood: 01604
Nearby schools
GreatSchools rating
- 4/10Rice Square SchoolGrades: K-6Distance: 0.4 mi
- 3/10Worcester East Middle SchoolGrades: 7-8Distance: 0.2 mi
- 1/10North High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$691,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$691,400