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Worcester 01603 Webster Square
55 Gates Lane
$255,000
● House - Off Market

55 Gates Lane

Worcester, MA 01603
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,632 Ft²
$510,096
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

Stunning hardwood floors throughout main level of this up to date colonial, set on a nice corner lot with nice retaining walls, fence & garden area. Granite countertops in kitchen, recessed lighting throughout 1st floor, master bedroom has nice dark bamboo flooring that even goes into the walk-in closet...2 beautiful full baths....Family room and extra room in basement for more living area!  Natural gas for heating & cooking. Large deck that wraps around the house.  2 tandem car garage...& more!
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$159
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1998

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71505843)

Price History

Date / Event Date Event Price
Jun 3, 2020 Sold
Premium
Sold
Jun 14, 2013 Sold
Premium
Sold
Apr 9, 2013 Listed by RE/MAX Advantage 1 $259,900
Listed by RE/MAX Advantage 1
Jul 6, 1998 Sold
Premium
Sold
Apr 3, 1998 Listed by M. R. Real Estate $124,900
Listed by M. R. Real Estate
"WOODLAND HILLS" MODEL UP & READY! BEAUTIFUL GAMBREL W/ MASTER SUITE, WALK IN CLOSET, FRONT TO BACK LIVING ROOM, PRICES START AT $109,900.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 816
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,759
  • Total Building Area: 1,632
  • Gross Building Area: 2,568
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WORCESTER
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731002

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 42-038-00001
  • Parcel: WORC M:42 B:038 L:00001
  • Block: 38
  • Lot: 1
  • Municipality: WORCESTER
  • Latitude: 42.2459
  • Longitude: -71.8457

    Address

  • Full Address: 55 Gates Ln
  • Address - House Number: 55
  • Address - Street Name: Gates
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Worcester
  • Carrier Code: C018
  • 4-Digit Zip Code: 1810
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $528,100

    Appraisal Valuation

  • Standard Deviation: 0.188
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 445,533
  • High Value: 529,326
  • Low Value: 361,741

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $368,300
  • Assessed Land Value: $85,600
  • Assessed Improvements Value: $282,700

    Sales

  • Current Sale Contract Date: May 28, 2020
  • Current Sale Recording Date: Jun 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 57640
  • Previous Sale Recording Date: Jun 14, 2013
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Webster Square

Stats & Trends

Median Asking:

$422,200

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2345 ft²

Average Home Age

93.4 years

Currently For Sale

25 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71505843

Frequently Asked Questions

When was property at 55 Gates Lane built and last sold?
The property at 55 Gates Lane was built in 1998 and last sold on May 28, 2020 for $300,000.
How much is this home worth?
The estimated value of the home located at 55 Gates Lane is $273,029.
What are some comparable homes to 55 Gates Lane?
There are currently no comparable homes to 55 Gates Lane.
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