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Worcester 01603 Webster Square
2 Varnum St
$282,000
● House - Off Market

2 Varnum St

Worcester, MA 01603
bedrooms
2 Beds
bathrooms
1 Bath
square feet
870 Ft²
$267,823
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

2 bedroom, 1 bath dormered Cape in Webster Square. Hardwood floors throughout, fireplace in living room, sunroom overlooking the fenced backyard and large storage shed. Convenient location to shopping and schools, with easy highway access.
Unit Size
870 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$299
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1935

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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 #73077731)

Price History

Date / Event Date Event Price
Mar 24, 2023 Sold
Premium
Sold
Feb 15, 2023 In contract -
In contract
Feb 9, 2023 Listed by RE/MAX Advantage 1 $259,900
Listed by RE/MAX Advantage 1
Apr 23, 2004 Sold
Premium
Sold
Feb 9, 2004 Listed by RE/MAX Advantage 1 $169,900
Listed by RE/MAX Advantage 1
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • 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: 15
  • 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: 510
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,357
  • Total Building Area: 870
  • Gross Building Area: 1,628
  • Building Area: 870
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 870
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CURTIS ESTATE
  • Land Acres: 0000000146
  • 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: 15-026-00073
  • Parcel: WORC M:15 B:026 L:00073
  • Block: 26
  • Lot: 73
  • Municipality: WORCESTER
  • Latitude: 42.2416
  • Longitude: -71.8448

    Address

  • Full Address: 2 Varnum St
  • Address - House Number: 2
  • 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: $326,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 303,634
  • High Value: 364,103
  • Low Value: 243,166

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $227,500
  • Assessed Land Value: $80,400
  • Assessed Improvements Value: $147,100

    Sales

  • Current Sale Contract Date: Mar 24, 2023
  • Current Sale Recording Date: Mar 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22952
  • Previous Sale Recording Date: Apr 23, 2004
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: 27
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

2368 ft²

Average Home Age

94.8 years

Currently For Sale

26 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73077731

Frequently Asked Questions

When was property at 2 Varnum Street built and last sold?
The property at 2 Varnum Street was built in 1935 and last sold on Mar 24, 2023 for $282,000.
How much is this home worth?
The estimated value of the home located at 2 Varnum Street is $253,609.
What are some comparable homes to 2 Varnum Street?
There are currently no comparable homes to 2 Varnum Street.
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