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Worcester
3 Matthews Lane
$560,000
● House - Off Market

3 Matthews Lane

Princeton, MA 01541
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,342 Ft²
$1,159,944
RealtyHop Estimate
94.95%
Since Nov 1, 2013
National-US
Primary Model

About This Property

JUST REDUCED 35K !    New to Princeton: STEAM  Charter School, fiberoptic tele network, OLD WORLD CHARM has been retained in this 4 bedroom colonial nestled on 3 acres. All new windows, roof,  Hydro air heat system, kitchen ,baths, walk out finished basement,. Post+Beam accented kitchen w/ center chimney direct vent FP.  Bonus room over garage, Composite deck complete w/ hot tub. Master suite w/ walk in closet, jacuzzi tub, skylights. Serene, harmonious well thought out living at its best!!!!
Unit Size
4,342 Ft²
Days on Market
-
Land Size
2.99 acres
Price per sqft
$137
Property Type
House
Property Taxes
$701
HOA Dues
-
Year Built
1985

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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 #71520402)

Price History

Date / Event Date Event Price
Oct 8, 2020 Sold
Premium
Sold
Aug 23, 2020 Listed by Rick McPhee Real Estate $750,000
Listed by Rick McPhee Real Estate
Oct 21, 2013 Sold
Premium
Sold
May 5, 2013 Listed by Rick McPhee Real Estate $595,000
Listed by Rick McPhee Real Estate
Apr 30, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,776
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 130,680
  • Total Building Area: 4,126
  • Gross Building Area: 8,963
  • Building Area: 4,126
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,126
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 720100

Zoning

  • Zoning: RA

Geography

  • Account Number: 2410150000600040
  • Parcel: PRIN M:0150 B:0006 L:00040
  • Block: 6
  • Lot: 40
  • Municipality: PRINCETON
  • Latitude: 42.4306
  • Longitude: -71.893

    Address

  • Full Address: 3 Matthews Ln
  • Address - House Number: 3
  • Address - Street Name: Matthews
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Princeton
  • Carrier Code: R003
  • 4-Digit Zip Code: 1802
  • Zip Code: 01541

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,168,100

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 981,456
  • High Value: 1,131,715
  • Low Value: 831,197

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $771,500
  • Assessed Land Value: $117,300
  • Assessed Improvements Value: $654,200

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Oct 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 119380
  • Previous Sale Recording Date: Oct 21, 2013
  • Previous Sale Amount: $560,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2408 ft²

Average Home Age

62.6 years

Currently For Sale

1996 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# 71520402

Frequently Asked Questions

When was property at 3 Matthews Lane built and last sold?
The property at 3 Matthews Lane was built in 1985 and last sold on Sep 30, 2020 for $776,000.
How much is this home worth?
The estimated value of the home located at 3 Matthews Lane is $774,547.
What are some comparable homes to 3 Matthews Lane?
There are currently no comparable homes to 3 Matthews Lane.
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