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Worcester
8 Gates Ter
$320,000
● House - Off Market

8 Gates Ter

Sterling, MA 01564
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,970 Ft²
$512,629
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model

About This Property

Extensive renovation recently completed. This spacious, flexible floor plan offers one level living with gleaming refinished hardwood flooring and custom details. Gorgeous  Brand new expansive kitchen featuring granite counter tops and large center island. Formal Dining Room w/ Fireplace opens to spacious sun filled 17 x 20 Great room w/vaulted ceiling leading to exterior deck.  3 bedrooms, beautiful new tiled baths, full bath has laundry. Walkout lower level offers large finished family/game room. New septic system, new roof and windows and so much more. All on set on .83 acres, conveniently located. If you are looking for one level living this may be the home for you. Come view on Saturday at open house!
Unit Size
1,970 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$165
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1952

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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: 5 months ago (MLSPIN #72238068)

Price History

Date / Event Date Event Price
Jan 10, 2018 Sold
Premium
Sold
Oct 4, 2017 Listed by LAER Realty Partners $324,900
Listed by LAER Realty Partners
May 26, 2017 Sold
Premium
Sold
Apr 9, 2017 Listed by LAER Realty Partners $134,900
Listed by LAER Realty Partners
Jan 3, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,019
  • Total Building Area: 1,668
  • Gross Building Area: 3,882
  • Building Area: 1,668
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,668
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 719100

Geography

  • District: 282
  • Parcel: STER M:00148 L:00016
  • Lot: 16
  • Municipality: STERLING
  • Latitude: 42.4076
  • Longitude: -71.7597

    Address

  • Full Address: 8 Gates Ter
  • Address - House Number: 8
  • Address - Street Name: Gates
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Sterling
  • Carrier Code: R004
  • 4-Digit Zip Code: 2810
  • Zip Code: 01564

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $597,400

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 518,351
  • High Value: 605,558
  • Low Value: 431,143

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $448,800
  • Assessed Land Value: $110,300
  • Assessed Improvements Value: $338,500

    Sales

  • Current Sale Recording Date: Jan 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2953
  • Previous Sale Recording Date: May 26, 2017
  • Previous Sale Amount: $120,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2387 ft²

Average Home Age

63.7 years

Currently For Sale

2106 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72238068

Frequently Asked Questions

When was property at 8 Gates Terrace built and last sold?
The property at 8 Gates Terrace was built in 1952 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 8 Gates Terrace is $332,796.
What are some comparable homes to 8 Gates Terrace?
There are currently no comparable homes to 8 Gates Terrace.
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