$70,000
●
Condo -
Off Market
50 Gibbs Street #2
Worcester, MA 01607
2 Beds
1 Bath
870 Ft²
$139,320
RealtyHop Estimate
110.45%
Since Feb 1, 2009
National-US
Primary Model
About This Property
1st floor unit. PET FRIENDLY. 2 large bedrooms.
Balcony off living room. Minutes to Rte 146, 20 and Mass.
Pike *****Bonus to Selling Agent!!! $1500.00!*******
Unit Size
870 Ft²
Days on Market
-
Land Size
-
Price per sqft
$76
Property Type
Condo
Property Taxes
$134
HOA Dues
$140
Year Built
-
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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 years ago (MLSPIN #70773592)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2012 | Sold | ||
| Sold | |||
| Feb 2, 2009 | Sold | ||
| Sold | |||
| Jun 5, 2008 | Listed by eXp Realty | $66,200 | |
| Listed by eXp Realty | |||
| May 13, 2005 | Sold | ||
| Sold | |||
| Apr 10, 2005 | Listed by ERA Key Realty Services | $127,900 | |
| Listed by ERA Key Realty Services | |||
| | |||
|
**PRICE REDUCED FOR QUICK SALE***MOVE RIGHT INTO THIS GREAT TWO BEDROOM CONDO. FIRST FLOOR UNIT IN SMALL PRIVATE COMPLEX WITH BALCONY OFF LIVING ROOM. MASTER BEDROOM WITH PLENTY OF CLOSET SPACE. GENEROUS SIZED SECOND BEDROOM, CERAMIC TILED BATH AND KITCHEN. RECENTLY PAINTED. LAUNDRY HOOK-UPS IN UNIT. JUST OVER THE MILLBURY LINE. MINUTES TO MASS. PIKE,RTE.290,RTE.20,RTE.146 OR WORCESTER CENTER.
| |||
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Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: First
Features: Flooring - Stone/Ceramic Tile
Level: First
Features: Flooring - Stone/Ceramic Tile
Level: First
Level: First
Features: Balcony / Deck
Level: First
Level: First
Full Bathrooms: 1
Appliances: Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Laundry Features: Washer Hookup
Rooms: 4
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Weldon Heights
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Lead Paint: None
Lot Size Units: Acres
Zoning: RS
Parcel Number: M:31 B:019 L:00002, 1790226
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Map Number: M:31
Tax Assessed Value: $127,900
Tax Annual Amount: $1,604
Utilities Details
Utilities: for Electric Range, for Electric Dryer, Washer Hookup
Cooling Type: Wall Unit(s)
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $140
Pets Allowed: Yes
Complex is Completed
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/31/2018
|
2 Bed
|
1 Bath
|
882 ft²
|
$88,330
2 Bed
1 Bath
882 ft²
|
$88,330
02/06/2019
|
The Optimium Team
eXp Realty LLC - Corporate Office
| |
|
12/01/2017
|
2 Bed
|
1 Bath
|
890 ft²
|
$73,900
2 Bed
1 Bath
890 ft²
|
$73,500
-0.54%
01/30/2018
|
MARK CONSOLMAGNO
RE/MAX ADVANTAGE I
| |
|
07/29/2013
|
2 Bed
|
1 Bath
|
882 ft²
|
$79,900
2 Bed
1 Bath
882 ft²
|
$80,000
+0.13%
10/11/2013
|
Melanie Ethier
Property Solutions
| |
|
08/08/2012
|
2 Bed
|
1 Bath
|
889 ft²
|
$55,000
2 Bed
1 Bath
889 ft²
|
$56,000
+1.82%
11/02/2012
|
Juliet Chaves
ERA Key Realty Services- Fram
| |
|
04/23/2009
|
2 Bed
|
1 Bath
|
882 ft²
|
$82,500
2 Bed
1 Bath
882 ft²
|
$82,500
07/27/2009
|
Cynthia Rondeau
Keller Williams Realty North Central
| |
|
06/05/2008
|
2 Bed
|
1 Bath
|
870 ft²
|
$66,200
2 Bed
1 Bath
870 ft²
|
$70,000
+5.74%
02/02/2009
|
Central MA Homes
eXp Realty
| |
|
06/07/2005
|
2 Bed
|
1 Bath
|
890 ft²
|
$144,900
2 Bed
1 Bath
890 ft²
|
$144,000
-0.62%
09/09/2005
|
John Atchue
RE/MAX Executive Realty
| |
|
04/21/2005
|
2 Bed
|
1 Bath
|
885 ft²
|
$145,900
2 Bed
1 Bath
885 ft²
|
$140,000
-4.04%
06/13/2005
|
Jay Dias
Area Homes Realty, Inc.
| |
|
04/10/2005
|
2 Bed
|
1 Bath
|
870 ft²
|
$127,900
2 Bed
1 Bath
870 ft²
|
$130,900
+2.35%
05/13/2005
|
Cynthia Sherman
Prudential Prime Properties
| |
|
08/12/2003
|
2 Bed
|
1 Bath
|
885 ft²
|
$105,900
2 Bed
1 Bath
885 ft²
|
$106,000
+0.09%
09/15/2003
|
Jessica Smith-Lerner
Abode Real Estate
| |
|
07/15/2002
|
2 Bed
|
1 Bath
|
870 ft²
|
$99,900
2 Bed
1 Bath
870 ft²
|
$105,500
+5.61%
08/19/2002
|
Michael Parent
Parent Real Estate
| |
|
05/20/2002
|
2 Bed
|
1 Bath
|
885 ft²
|
$93,000
2 Bed
1 Bath
885 ft²
|
$93,120
+0.13%
07/15/2002
|
Betty Ann Caputo
Coldwell Banker Residential Brokerage - Worcester - Park Ave.
| |
|
06/18/2001
|
2 Bed
|
1 Bath
|
882 ft²
|
$79,900
2 Bed
1 Bath
882 ft²
|
$78,000
-2.38%
07/30/2001
|
Gary Benson
Coldwell Banker Residential Brokerage - Shrewsbury
| |
|
01/18/1996
|
2 Bed
|
1 Bath
|
925 ft²
|
$29,900
2 Bed
1 Bath
925 ft²
|
$24,200
-19.06%
10/30/1996
|
Lisa Brown
Residential Selections
| |
|
01/18/1996
|
2 Bed
|
1 Bath
|
925 ft²
|
$29,900
2 Bed
1 Bath
925 ft²
|
$25,000
-16.39%
09/02/1996
|
Lisa Brown
Residential Selections
|
Building Info
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