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Worcester 01603 Webster Square
16 Varnum Street
$140,000
● House - Off Market

16 Varnum Street

Worcester, MA 01603
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,256 Ft²
$292,056
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

Family owned for 25 years. Immaculate, well maintained and comfortable 4 bedroom Cape. Kitchen with eat-in area. Den or 4th bedroom on 1sr floor. Delightful   terraced rear property. Very nice home! In move-in condition.
Unit Size
1,256 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$119
Property Type
House
Property Taxes
$203
HOA Dues
-
Year Built
1948

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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 #71554415)

Price History

Date / Event Date Event Price
Sep 25, 2013 Sold
Premium
Sold
Jul 12, 2013 Listed by William T. Lee Real Estate $150,000
Listed by William T. Lee Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 837
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,168
  • Total Building Area: 1,256
  • Gross Building Area: 2,531
  • Building Area: 1,256
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,256
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 733102

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 15-025-00080
  • Parcel: WORC M:15 B:025 L:00080
  • Block: 25
  • Lot: 80
  • Municipality: WORCESTER
  • Latitude: 42.2407
  • Longitude: -71.8452

    Address

  • Full Address: 16 Varnum St
  • Address - House Number: 16
  • Address - Street Name: Varnum
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C019
  • 4-Digit Zip Code: 1419
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $366,400

    Appraisal Valuation

  • Standard Deviation: 0.2379
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 365,790
  • High Value: 452,842
  • Low Value: 278,738

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $255,500
  • Assessed Land Value: $71,900
  • Assessed Improvements Value: $183,600

    Sales

  • Current Sale Recording Date: Sep 25, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116091
  • Previous Sale Recording Date: Sep 25, 2013
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: O
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 Webster Square

Stats & Trends

Median Asking:

$422,200

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2413 ft²

Average Home Age

92 years

Currently For Sale

24 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71554415

Frequently Asked Questions

When was property at 16 Varnum Street built and last sold?
The property at 16 Varnum Street was built in 1948 and last sold on Jan 1, 1970 for $140,000.
How much is this home worth?
The estimated value of the home located at 16 Varnum Street is $160,383.
What are some comparable homes to 16 Varnum Street?
There are currently no comparable homes to 16 Varnum Street.
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