$190,000
●
Condo -
Off Market
7 Gibbs St #12
Worcester, MA 01607
2 Beds
2 Baths
961 Ft²
$179,296
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Spacious, move-in ready penthouse 2 bedroom 2 bath at Groveland
Gardens Condominiums. This end unit includes quartz countertops,
brand new stainless appliances, large primary bedroom with vaulted
ceilings, walk-in closet and attached bathroom, new carpets in both
bedrooms, in-unit washer/dryer, basement 9x13 storage room, sliders
to a private covered balcony, and off-street parking. Conveniently
located with quick access to Mass Pike, 190 and 290. Open
house Sunday 10/2 from 11am-1pm. Offers if any due Monday 10/3 at
5pm.
Unit Size
961 Ft²
Days on Market
-
Land Size
-
Price per sqft
$177
Property Type
Condo
Property Taxes
$127
HOA Dues
$288
Year Built
1988
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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 #73042361)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2023 | Sold | ||
| Sold | |||
| Sep 12, 2023 | In contract | - | |
| In contract | |||
| Sep 8, 2023 | Listed by LAER Realty Partners | $210,000 | |
| Listed by LAER Realty Partners | |||
| | |||
|
Spacious 2 bedroom 2 bath at Groveland Gardens Condominiums. This end unit is ideally located and awaiting new owners. The kitchen features quartz countertops. The main bedroom features a vaulted ceiling, bathroom and walk-in closet. In-unit washer and dryer. off the living room is sliders to your private covered balcony there is also a large 9 x13 storage area in the basement.
| |||
| Nov 23, 2022 | Sold | ||
| Sold | |||
| Oct 7, 2022 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: First
Features: Flooring - Laminate, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Stainless Steel Appliances
Level: First
Features: Bathroom - Full, Bathroom - With Tub, Flooring - Stone/Ceramic Tile
Level: First
Features: Closet, Flooring - Wall to Wall Carpet
Features: Flooring - Laminate
Level: First
Features: Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Level: First
Features: Bathroom - Full, Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: First
Level: First
Features: Flooring - Laminate, Balcony / Deck, Attic Access, Slider
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Washer/Dryer, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Carpet, Laminate
Laundry Features: Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Rooms: 5
Basement: Y
Parking Details
Parking Features: Off Street, Assigned, Guest
Exterior Details
Entry Level: 3
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Groveland Gardens
Structure Type: Low-Rise
Stories (Total): 1
Building Area Units: Square Feet
Patio and Porch Features: Covered
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: 1020
Parcel Number: 1790016
Water Source: Public
Financial Details
Tax Assessed Value: $99,700
Tax Annual Amount: $1,522
Utilities Details
Utilities: for Electric Range, for Electric Dryer, Washer Hookup
Cooling Type: Wall Unit(s)
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash
HOA/Condo/Coop Amenities: Storage
Association Fee Frequency: Monthly
HOA Fee: $288
Community Features: Public Transportation, Shopping, Medical Facility, Highway Access
Pets Allowed: Unknown
Management: Professional - Off Site
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 |
|---|---|---|---|---|---|---|---|
|
04/09/2026
|
2 Bed
|
2 Bath
|
964 ft²
|
$247,500
2 Bed
2 Bath
964 ft²
|
$265,000
+7.07%
05/09/2026
|
Erica Davis
Thumbprint Realty, LLC
| |
|
08/08/2025
|
2 Bed
|
2 Bath
|
957 ft²
|
$242,000
2 Bed
2 Bath
957 ft²
|
$242,000
09/19/2025
|
The New Home Collective Group
Boston Connect Real Estate
| |
|
09/08/2023
|
2 Bed
|
2 Bath
|
961 ft²
|
$210,000
2 Bed
2 Bath
961 ft²
|
$230,000
+9.52%
10/27/2023
|
Tiffany McDonald
LAER Realty Partners
| |
|
01/25/2023
|
2 Bed
|
2 Bath
|
957 ft²
|
$187,900
2 Bed
2 Bath
957 ft²
|
$210,000
+11.76%
03/30/2023
|
Hejoma Garcia
RE/MAX Diverse
| |
|
09/29/2022
|
2 Bed
|
2 Bath
|
961 ft²
|
$169,900
2 Bed
2 Bath
961 ft²
|
$190,000
+11.83%
11/23/2022
|
Harry Pass
Ocean Blue Real Estate LLC
| |
|
06/28/2018
|
2 Bed
|
2 Bath
|
957 ft²
|
$99,000
2 Bed
2 Bath
957 ft²
|
$99,000
08/13/2018
|
Hejoma Garcia
RE/MAX Diverse
| |
|
01/05/2016
|
2 Bed
|
2 Bath
|
948 ft²
|
$77,500
2 Bed
2 Bath
948 ft²
|
$75,000
-3.23%
03/21/2016
|
Tracy Barber
Real Broker MA, LLC
| |
|
09/16/2015
|
2 Bed
|
1 Bath
|
958 ft²
|
$69,900
2 Bed
1 Bath
958 ft²
|
$68,000
-2.72%
12/31/2015
|
Tracy Barber
Real Broker MA, LLC
| |
|
04/09/2015
|
2 Bed
|
2 Bath
|
957 ft²
|
$99,000
2 Bed
2 Bath
957 ft²
|
$89,000
-10.10%
08/28/2015
|
Matt Gore
William Raveis R.E. & Home Services
| |
|
11/09/2012
|
2 Bed
|
2 Bath
|
956 ft²
|
$70,000
2 Bed
2 Bath
956 ft²
|
$65,000
-7.14%
04/23/2013
|
Alison Zorovich
RE/MAX Vision
| |
|
07/28/2010
|
2 Bed
|
2 Bath
|
950 ft²
|
$79,900
2 Bed
2 Bath
950 ft²
|
-
09/21/2010
|
Joanne Generelli
RE/MAX Vision
| |
|
11/15/2006
|
2 Bed
|
2 Bath
|
964 ft²
|
$129,000
2 Bed
2 Bath
964 ft²
|
$126,000
-2.33%
02/23/2007
|
Stephanie Rivera
ERA Key Realty Services - Worcester
| |
|
04/11/2005
|
2 Bed
|
2 Bath
|
949 ft²
|
$144,900
2 Bed
2 Bath
949 ft²
|
$145,500
+0.41%
06/24/2005
|
Sophie Kozaczka
Keller Williams Realty Greater Worcester
| |
|
03/29/2005
|
2 Bed
|
2 Bath
|
966 ft²
|
$124,900
2 Bed
2 Bath
966 ft²
|
$127,000
+1.68%
06/07/2005
|
Margot Spaulding
Prudential Prime Properties
| |
|
03/28/2004
|
2 Bed
|
2 Bath
|
950 ft²
|
$124,900
2 Bed
2 Bath
950 ft²
|
$125,000
+0.08%
06/01/2004
|
Non Member
State Wide MLS of Rhode Island
| |
|
07/14/2003
|
2 Bed
|
2 Bath
|
958 ft²
|
$114,900
2 Bed
2 Bath
958 ft²
|
$115,500
+0.52%
08/20/2003
|
Karen Soucie
Choice Property Consultants
| |
|
11/07/2002
|
2 Bed
|
2 Bath
|
957 ft²
|
$109,900
2 Bed
2 Bath
957 ft²
|
$108,000
-1.73%
01/17/2003
|
Michael Parent
Parent Real Estate
| |
|
10/23/2000
|
2 Bed
|
2 Bath
|
956 ft²
|
$74,000
2 Bed
2 Bath
956 ft²
|
$70,000
-5.41%
12/26/2000
|
Roald Olsen
Trust Better Homes
| |
|
07/26/2000
|
2 Bed
|
2 Bath
|
800 ft²
|
$64,900
2 Bed
2 Bath
800 ft²
|
$59,000
-9.09%
11/17/2000
|
Ray Lopolito
Starterline
| |
|
09/08/1998
|
2 Bed
|
2 Bath
|
956 ft²
|
$44,900
2 Bed
2 Bath
956 ft²
|
$43,900
-2.23%
12/08/1998
|
Fran Lekstrom
Coldwell Banker Realty - Worcester
| |
|
05/13/1994
|
2 Bed
|
2 Bath
|
930 ft²
|
$39,900
2 Bed
2 Bath
930 ft²
|
$35,000
-12.28%
07/26/1995
|
Gail Driscoll
Coldwell Banker Residential Brokerage - Worcester - Shrewsbury St.
|
Building Info
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