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Worcester 01605 North Lincoln Street
16 Varney St
$370,000
● House - Off Market

16 Varney St

Worcester, MA 01605
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,136 Ft²
$355,517
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Sunny custom ranch style home shows pride in ownership for over 50 years. A suburban area walking distance to Hanover Insurance and Lincoln Plaza.  Eat in applianced kitchen with attached 3 season room. Freshly painted with neutral colors is move in condition. Features include hardwood floor under carpeting, Havery replacement windows, updated electrical panel. Enjoy a brick fireplace living room with views of your back yard with over 18000 square feet of land. The parcel gently slopes to the rear and has a walk out basement for easy expansion and a storage shed for all your landscaping needs. Call your REALTOR today and start packing. Multiple offers finals are due at 5 pm February 21, 2023
Unit Size
1,136 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$304
Property Type
House
Property Taxes
$325
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73079403)

Price History

Date / Event Date Event Price
Mar 27, 2023 Sold
Premium
Sold
Feb 24, 2023 In contract -
In contract
Feb 15, 2023 Listed by Coldwell Banker Realty - Northborough $345,000
Listed by Coldwell Banker Realty - Northborough

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,136
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,774
  • Total Building Area: 1,136
  • Gross Building Area: 2,384
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000431
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730401

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 39-002-00128
  • Parcel: WORC M:39 B:002 L:00128
  • Block: 2
  • Lot: 128
  • Municipality: WORCESTER
  • Latitude: 42.2962
  • Longitude: -71.7804

    Address

  • Full Address: 16 Varney St
  • Address - House Number: 16
  • Address - Street Name: Varney
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C009
  • 4-Digit Zip Code: 1429
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $440,100

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 398,836
  • High Value: 473,650
  • Low Value: 324,021

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $306,900
  • Assessed Land Value: $103,700
  • Assessed Improvements Value: $203,200

    Sales

  • Current Sale Contract Date: Mar 24, 2023
  • Current Sale Recording Date: Mar 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23271
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Lincoln Street

Stats & Trends

Median Asking:

$459,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1885 ft²

Average Home Age

75.7 years

Currently For Sale

9 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73079403

Frequently Asked Questions

When was property at 16 Varney Street built and last sold?
The property at 16 Varney Street was built in 1950 and last sold on Mar 24, 2023 for $370,000.
How much is this home worth?
The estimated value of the home located at 16 Varney Street is $349,249.
What are some comparable homes to 16 Varney Street?
There are currently no comparable homes to 16 Varney Street.
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