397 Park Ave Worcester, MA 01610
Property profile & analytics
397 Park Ave, Worcester, MA 01610
- Retail space
- 7,165 SF
- 0.31 lot acres
Property ID
US38-1515762
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Same Day Dumpster Rental Worcester / General Contractor / Waste Management Facility
- Simply Roofing / Roofing Company / General Contractor
Property Details for 397 Park Ave
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.31 lot acres
- Zone code
- BG-3
- Property type
- Retail space
- APN
- WORC M:06 B:022 L:00007
- APU
- WORCM06B022L00007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 29, 2023 | — | K & J Huang Re LLC | — | Deed · related | $610k · Avidia Bank |
| Sep 21, 2023 | $1,200,000 | K & J Huang Re LLC | Gary M Arvanagian | Quit Claim Arm's Length For Ne States | $750k · Adams Equity Partners |
| Dec 21, 2005 | — | Gary M Arvanigian | — | Deed Of Trust · related | $272k · Commonwealth National Bank |
| Oct 29, 1996 | — | Gary M Arvanigian | — | Deed Of Trust · related | $195k · Metrowest Bank |
| Mar 31, 1994 | $240,000 | Gary M Arvanigian | Meehan RT | Grant Deed | $30k · Bay Finance Co |
| Mar 31, 1994 | — | Gary M Arvanigian | — | Deed Of Trust · related | $200k · Commerce Bank & Trust |
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $950,000
- ML approach
- $1,120,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,640,000
- 6.5%
- $1,515,000
- 7%
- $1,405,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,100,000
Market price range: $577k - $1.65M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,045,000 Current use
- RESTAURANT
- $1,490,000 Change: +42% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,225,000 Change: +17% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $905,000 Change: -14% Conversion: Moderate
- OFFICE BUILDING
- $895,000 Change: -15% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $860,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8224
- Latitude
- 42.2577
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$21,734
$232,700
$490,800
$723,500
-
$0.00
$0.00
$0.00
