$130,900
●
Condo -
Off Market
50 Gibbs St #2
Worcester, MA 01607
2 Beds
1 Bath
870 Ft²
$230,989
RealtyHop Estimate
80.60%
Since Jun 1, 2005
National-US
Primary Model
About This Property
**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.
Unit Size
870 Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$147
Property Type
Condo
Property Taxes
$115
HOA Dues
$130
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 #70170968)
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 | |||
| | |||
|
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!*******
| |||
| May 13, 2005 | Sold | ||
| Sold | |||
| Apr 10, 2005 | Listed by ERA Key Realty Services | $127,900 | |
| Listed by ERA Key Realty Services | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Level: First
Features: Flooring - Stone/Ceramic Tile
Level: First
Features: Flooring - Wall to Wall Carpet
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet
Level: First
Features: Flooring - Stone/Ceramic Tile
Level: First
Features: Flooring - Wall to Wall Carpet
Level: First
Level: First
Features: Flooring - Wall to Wall Carpet, Balcony / Deck
Full Bathrooms: 1
Appliances: Dishwasher, Disposal, Refrigerator, Electric Water Heater, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet
Rooms: 5
Basement: N
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Weldon Heights
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Lead Paint: Unknown
Lot Size Area: 0.02
Lot Size Units: Acres
Lot Size Acres: 0.02
Zoning: RS
Parcel Number: M:31 B:019 L:00002, 1790226
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $93,900
Tax Annual Amount: $1,385
Utilities Details
Utilities: for Electric Oven, for Electric Dryer
Cooling Type: Wall Unit(s)
Heating Type: Electric Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $130
Community Features: Shopping, Golf, Medical Facility
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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