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Worcester
8 Matson Ln
$310,000
● House - Off Market

8 Matson Ln

Millbury, MA 01527
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,194 Ft²
$521,026
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

BETTER THAN NEW, MOVE IN READY Upon entering you can't help but notice the beautiful detailed wainscoting and crown molding throughout upstairs. Upstairs Open Floor plan with an updated eat-in kitchen replaced tile floors, installed new cabinets, granite countertops and tile backsplash. added breakfast bar, and stainless, dishwasher, microwave, stove, refrigerator complete this kitchen. The bath has new double sink vanity with granite countertop and tile floor. The 1st floor lower level features include large family room with hardwood laminate throughout, full bath with laundry, 1 roomy bedroom, and an additional room for office or craft room.
Unit Size
2,194 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$140
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1970

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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: 6 months ago (MLSPIN #71982253)

Price History

Date / Event Date Event Price
Jul 8, 2016 Sold
Premium
Sold
Apr 4, 2016 Listed by Costello Realty $308,000
Listed by Costello Realty
May 29, 2009 Sold
Premium
Sold
Apr 3, 2009 Listed by Costello Realty $265,000
Listed by Costello Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,775
  • Total Building Area: 1,114
  • Gross Building Area: 2,482
  • Building Area: 1,114
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,114
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Millbury School District
  • School Tax School District: MILLBURY SD
  • Census Tract: 737300

Geography

  • Parcel: MILB M:011 B:0000023 L:
  • Block: 23
  • Municipality: MILLBURY
  • Latitude: 42.2257
  • Longitude: -71.7442

    Address

  • Full Address: 8 Matson Ln
  • Address - House Number: 8
  • Address - Street Name: Matson
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Millbury
  • Carrier Code: C003
  • 4-Digit Zip Code: 4216
  • Zip Code: 01527

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $480,000

    Appraisal Valuation

  • Standard Deviation: 0.188
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 451,200
  • High Value: 536,063
  • Low Value: 366,338

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $332,200
  • Assessed Land Value: $70,200
  • Assessed Improvements Value: $262,000

    Sales

  • Current Sale Recording Date: Jul 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72927
  • Previous Sale Recording Date: May 29, 2009
  • Previous Sale Amount: $260,000
  • 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 Worcester

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2377 ft²

Average Home Age

64.6 years

Currently For Sale

2002 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: 6 months ago
Data Source: MLS PIN, MLS# 71982253

Frequently Asked Questions

When was property at 8 Matson Lane built and last sold?
The property at 8 Matson Lane was built in 1970 and last sold on Jan 1, 1970 for $310,000.
How much is this home worth?
The estimated value of the home located at 8 Matson Lane is $322,736.
What are some comparable homes to 8 Matson Lane?
There are currently no comparable homes to 8 Matson Lane.
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