1
Map
$144,000
●
Condo -
Off Market
50 Gibbs Street #5
Worcester, MA 01607
2 Beds
1 Bath
890 Ft²
$251,838
RealtyHop Estimate
73.80%
Since Oct 1, 2005
National-US
Primary Model
About This Property
$1,000 back to buyer at closing towards new carpeting. Very
nice unit in a small 6-unit complex at the far end of Gibbs Street.
Nicely decorated, shows well. Fully applianced kitchen.
Large living room/dining room combo with sliders to a
balcony. Excellent sized bedrooms. Recently updated
bathroom. Laundry hookups in the unit and the washerand dryer
are negotiable. One deeded parking space and one non-deeded
space. Electric outdoor grill remains as there are no gas
grills allowed.
Unit Size
890 Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
Condo
Property Taxes
$118
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 months ago (MLSPIN #70205053)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 30, 2018 | Sold | ||
| Sold | |||
| Dec 1, 2017 | Listed by RE/MAX Advantage 1 | $73,900 | |
| Listed by RE/MAX Advantage 1 | |||
| | |||
|
Multiple Offer Deadline – Dec 21, 2017, 02:41:00 PM *Why rent when you can own this condo. Reasonable condo fee will allow you the freedom to not worry about landscaping or snow removal. Very nice 3rd floor unit in a small 6-unit complex at the far end of Gibbs Street. Open concept living with a large living room/dining room combo with sliders to a balcony. Excellent sized bedrooms with ample closet space. Convenient laundry hookups in the unit. Deeded parking and commuters delight with location very near shopping and highways. Great opportunity for an investor to rent out for extra income. This is a homepath property.
| |||
| Sep 9, 2005 | Sold | ||
| Sold | |||
| Jun 7, 2005 | Listed | $144,900 | |
| Listed | |||
| Oct 30, 1996 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Deeded
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Tile, Carpet
Rooms: 4
Basement: N
Exterior Details
Square Footage: 890
Year Built Source: Public Records
Year Built: 1988
Building Name: Weldon Heights
Building Area Total: 890
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Units: Acres
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $96,000
Tax Annual Amount: $1,416
Utilities Details
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
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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