Tremendous 3-family investor or owner occupier opportunity! This fully rented property has recent updates in the past 2 years including: 2 new boilers, 3 new water heaters, new roof + structural supports on garage, 2 new refrigerators, 1 new cooktop. Bring your ideas and finishing touches! Very spacious 3k+ sq ft interior with two units on main floor and third unit upstairs. Detached three car garage. Currently in use as a five-family with an extra unit each on the second and third floors. Monthly rental income from 3 primary units = $2,200/month. Easy to re-set to three-family configuration! Current rents are below market value. Full unfinished basement has high ceilings and plenty of room for storage. One foundation wall in need of masonry repair; perimeter drain and soil grading in place to prevent further issues. No observable change to wall in past 20+ years. Quote for work in process (info only). Town water/sewer. Needed repairs reflected in price. Sold As-is.
Multi-familyProperty Type
1930Year Built
2,990 sq ftLot Size
$181Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Andrea Castinetti• Castinetti Realty Group
Bought with Horizon Homes Team• Dell Realty Associates
3 FAMILY WITH NOTHING TO DO!!! GREAT INVESTMENT PROPERTY. RENTS CURRENTLY ARE LOW- FULLY RENTED. RECENT HEATING SYSTEMS, RECENT ELECTRICAL UPDATES. GREAT CONDITION THROUGHOUT. 3 CAR GARAGE.
Year
Property tax
Land + Additions
Assessment*
2023
$4,492 (−14.1%)
$86,700 + $249,300
$336,000
2022
$5,232 (+23.5%)
$78,800 + $272,100
$350,900
2021
$4,237 (+8.8%)
$75,000 + $190,800
$265,800
2020
$3,893 (+7.0%)
$75,000 + $176,300
$251,300
2019
$3,637 (+0.3%)
$72,800 + $155,500
$228,300
2018
$3,625 (−2.5%)
$72,800 + $140,700
$213,500
2017
$3,718 (+2.3%)
$72,800 + $137,600
$210,400
2016
$3,634 (+5.5%)
$72,800 + $137,600
$210,400
2015
$3,444 (+3.2%)
$70,700 + $136,000
$206,700
2014
$3,338 (+3.6%)
$70,700 + $136,000
$206,700
2013
$3,222 (+2.0%)
$70,700 + $136,000
$206,700
2012
$3,158 (−12.7%)
$70,700 + $136,000
$206,700
2011
$3,617 (+5.8%)
$70,700 + $185,300
$256,000
2010
$3,418 (+9.6%)
$70,700 + $185,300
$256,000
2009
$3,120
$70,700 + $186,900
$257,600
Tax history for 78 Summit St
Year
Property tax
Land + Additions
Assessment*
2023
$4,492 (−14.1%)
$86,700 + $249,300
$336,000
2022
$5,232 (+23.5%)
$78,800 + $272,100
$350,900
2021
$4,237 (+8.8%)
$75,000 + $190,800
$265,800
2020
$3,893 (+7.0%)
$75,000 + $176,300
$251,300
2019
$3,637 (+0.3%)
$72,800 + $155,500
$228,300
2018
$3,625 (−2.5%)
$72,800 + $140,700
$213,500
2017
$3,718 (+2.3%)
$72,800 + $137,600
$210,400
2016
$3,634 (+5.5%)
$72,800 + $137,600
$210,400
2015
$3,444 (+3.2%)
$70,700 + $136,000
$206,700
2014
$3,338 (+3.6%)
$70,700 + $136,000
$206,700
2013
$3,222 (+2.0%)
$70,700 + $136,000
$206,700
2012
$3,158 (−12.7%)
$70,700 + $136,000
$206,700
2011
$3,617 (+5.8%)
$70,700 + $185,300
$256,000
2010
$3,418 (+9.6%)
$70,700 + $185,300
$256,000
2009
$3,120
$70,700 + $186,900
$257,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
5
Baths
4.75
Stories
2
Lot width
—
Lot depth
—
Lot size
2,990
Year renovated
2021
Sq. Ft.
3,080
Year built
1930
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
3307387
Parking Spaces
6
Basement
Yes
Accessible
No
HOA Dues
—
Garage
Yes
Features
Views
Last updated by owner on May 28, 2022.
Property details
Parking
Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 2
# of Covered Spaces: 2
Parking Spaces: 4
Parking Features: Shared Driveway, Off Street, Common, Paved