$25,000
●
Condo -
Off Market
50 Gibbs Street-6 #6
Worcester, MA 01607
2 Beds
1 Bath
925 Ft²
$111,073
RealtyHop Estimate
271.48%
Since Oct 1, 1996
National-US
Primary Model
About This Property
SMALL 6 UNIT BUILDING WITH PLENTY OF OFF STREET PARKING,2 LARGE
BEDROOMS AND LIVING,DINING AREAS,SLIDERS TO BALCONY,HOOKUPS FOR
WASHER AND DRYER, READY TO MOVE IN.
Unit Size
925 Ft²
Days on Market
-
Land Size
-
Price per sqft
$32
Property Type
Condo
Property Taxes
$61
HOA Dues
$90
Year Built
-
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Cap Rate Calculator
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Operating Profit Per Year
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 #30084411)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2019 | Sold | ||
| Sold | |||
| Oct 31, 2018 | Listed by RE/MAX Executive Realty | $88,330 | |
| Listed by RE/MAX Executive Realty | |||
| | |||
|
AFFORDABLE CONDO LIVING!!! - 882 SQFT - 5 Room, 2 Bed, 1 Full Bath Condo | In-Unit Laundry | One Assigned Parking Spot | Low Condo Fee | Weldon Heights is a small 6-unit building built in 1988 | This unit is located on the top (3rd) floor | Lots of closet space - Both Bedrooms have 2 closets | Balcony off the Living Room | Wall AC | Electric Heat | Hot Water Tank located in Unit | Assigned parking spot is #6 | Property to be sold in AS IS WHERE IS condition | Unit is occupied - Buyer can include in Offer that the unit will be delivered vacant | Unit can be shown between 8AM-2PM Monday through Friday - no exceptions
| |||
| Oct 11, 2013 | Sold | ||
| Sold | |||
| Jul 29, 2013 | Listed by Property Solutions | $79,900 | |
| Listed by Property Solutions | |||
| | |||
|
Why rent when you can OWN this 2 bedroom, 1 bath condo in great commuter location! This well maintained unit features laminate hardwoods throughout, updated bath and windows, double closets in both bedrooms, kitchen pantry, linen closet and washer/dryer hookup in the unit. Enjoy your private balcony with new slider (replaced in 2007) off the open living room/dining room, which is perfect for entertaining. Roof replaced in 2009. Entire unit recently painted so all you need to do is pick your move-in date. Close to Route 146 and Mass Pike! Enjoy shopping? The Shoppes at Blackstone Valley are just minutes away. Schedule Your Showing Now!
| |||
| Jul 27, 2009 | Sold | ||
| Sold | |||
Show More
Property Highlights
Interior Details
Level: First
Width: 9
Length: 12
Area: 108
Level: First
Width: 12
Length: 12
Area: 144
Length: 20
Level: First
Area: 280
Width: 14
Level: First
Length: 12
Width: 12
Area: 144
Features: No
Full Bathrooms: 1
Appliances: Range, Electric Water Heater
Flooring Type: Carpet
Laundry Features: Washer Hookup
Rooms: 4
Basement: N
Exterior Details
Entry Level: 3
Security Features: Intercom
Year Built Source: Owner
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
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $41,800
Tax Annual Amount: $728
Utilities Details
Utilities: Washer Hookup
Cooling Type: None
Heating Type: Electric Baseboard
Location Details
HOA/Condo/Coop Fee Includes: Snow Removal
HOA Fee: $90
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 Rental Team
Hayden Rowe Properties
| |
|
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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