$56,000
●
Condo -
Off Market
50 Gibbs Street #3
Worcester, MA 01607
2 Beds
1 Bath
889 Ft²
$118,766
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model
About This Property
Highest and Best Offers will be Reviewed at 11am, Wednesday, 8/15.
2 BED, 1 BATH CONDO IN CONVENIENT LOCATION! Ceiling Fan in Living
Room! Kitchen Has Pantry - Floor Tiles New from 2008. Both Bedrooms
Have 2 Closets! Bathroom Features Fiberglass Tub/Shower Enclosure!
New Sliding Door to outside Porch Replaced in 2011. New Hot Water
Heater (50 Gal) & Bathroom Repainted all in 2012! Fire Detection
System Recently Replaced! New Roof in 2009! Close to Rte 146 and
Mass Pike! Schedule Your Showing Now
Unit Size
889 Ft²
Days on Market
-
Land Size
-
Price per sqft
$62
Property Type
Condo
Property Taxes
$109
HOA Dues
$160
Year Built
-
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Cap Rate Calculator
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Monthly Property Taxes
Monthly Rental Income
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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 #71419845)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2012 | Sold | ||
| Sold | |||
| Aug 8, 2012 | Listed by ERA Key Realty Services- Fram | $55,000 | |
| Listed by ERA Key Realty Services- Fram | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Second
Width: 12
Length: 9
Features: Flooring - Stone/Ceramic Tile, Pantry
Area: 108
Area: 50
Features: Bathroom - Full
Length: 10
Level: Second
Width: 5
Level: Second
Features: Closet, Flooring - Wall to Wall Carpet
Width: 10
Length: 13
Area: 130
Length: 12
Level: Second
Area: 264
Features: Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Width: 22
Features: Closet, Flooring - Wall to Wall Carpet
Level: Second
Length: 11
Width: 13
Area: 143
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Electric Water Heater
Flooring Type: Tile, Vinyl, Carpet
Rooms: 4
Basement: N
Parking Details
Parking Features: Assigned, Common, Paved
Exterior Details
Has Property Attached
Entry Level: 2
Year Built Source: Owner
Year Built Details: Unknown/Mixed
PropertySubType: Condominium
Building Name: Weldon Heights
Structure Type: Attached
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R
Parcel Number: 1790228
Water Source: Public
Financial Details
Tax Map Number: 31
Tax Assessed Value: $81,100
Tax Annual Amount: $1,302
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Electric Baseboard, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
Association Fee Frequency: Monthly
HOA Fee: $160
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Public School, University
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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