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Worcester
5 Gates Terrace
$295,000
● House - Off Market

5 Gates Terrace

Sterling, MA 01564
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,804 Ft²
$416,780
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Welcome to 5 Gates Terrace!! Nestled on a quiet dead-end road in Sterling. There are 3 bedrooms and 1 bathroom with an opportunity to make another bedroom on the first floor. Currently there are 2 living rooms and an office. Kitchen was completely redone with new counters, cabinets, and appliances. There is a large detached 1 car oversized garage that has a ton of storage space with additional storage space in the lofted area. Driveway was recently repaved and new window installed on 1st floor. This home is Move-In Ready!!   https://my.matterport.com/show/?m=ewSVi4jwE56&brand=0
Unit Size
1,804 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$163
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72606564)

Price History

Date / Event Date Event Price
May 27, 2020 Sold
Premium
Sold
Jan 10, 2020 Listed by Hoefling Real Estate LLC $294,900
Listed by Hoefling Real Estate LLC
Jun 16, 2017 Sold
Premium
Sold
Feb 27, 2017 Listed by Hoefling Real Estate LLC $184,900
Listed by Hoefling Real Estate LLC
Mar 29, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 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: 12,500
  • Total Building Area: 1,804
  • Gross Building Area: 3,206
  • Building Area: 1,804
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,804
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 719100

Geography

  • District: 282
  • Parcel: STER M:00148 L:00022
  • Lot: 22
  • Municipality: STERLING
  • Latitude: 42.4072
  • Longitude: -71.7596

    Address

  • Full Address: 5 Gates Ter
  • Address - House Number: 5
  • Address - Street Name: Gates
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Sterling
  • Carrier Code: R004
  • 4-Digit Zip Code: 2810
  • Zip Code: 01564

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $445,100

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 433,138
  • High Value: 511,084
  • Low Value: 355,193

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $334,400
  • Assessed Land Value: $95,000
  • Assessed Improvements Value: $239,400

    Sales

  • Current Sale Contract Date: May 23, 2020
  • Current Sale Recording Date: May 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54167
  • Previous Sale Recording Date: Jun 16, 2017
  • Previous Sale Amount: $187,500
  • 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

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72606564

Frequently Asked Questions

When was property at 5 Gates Terrace built and last sold?
The property at 5 Gates Terrace was built in 1950 and last sold on May 23, 2020 for $295,000.
How much is this home worth?
The estimated value of the home located at 5 Gates Terrace is $305,319.
What are some comparable homes to 5 Gates Terrace?
There are currently no comparable homes to 5 Gates Terrace.
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