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Gloucester 01930
1 Brooks Ln
$500,000
● House - Off Market

1 Brooks Ln

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,066 Ft²
$469,145
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Wonderful West Gloucester location where you can enjoy living off the beaten path. If you enjoy the woodlands or water, this location offers both.  Within 2 miles to stunning Wingaersheek Beach and steps to Association Jone's Creek Dock for boating, kayaks, swimming, fishing and water sports enjoyment. This well cared for one-level living home on corner lot is sun filled, with a bright and pleasant interior and yard.  Open floor plan for today's lifestyle. Recently installed 2021 Title 5 system for two (2) bedrooms.  State of the Art natural gas heating system central Air Conditioning.  Sunroom/Family Room addition add a delightful entertaining area. Easy access to commuter route 128 and West Gloucester train station. Offers will be due after Open Houses by Tuesday, January 24th at noon. Thank you.
Unit Size
1,066 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$421
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1956

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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 #73071963)

Price History

Date / Event Date Event Price
Feb 24, 2023 Sold
Premium
Sold
Jan 24, 2023 In contract -
In contract
Jan 19, 2023 Listed by Holly C & Co. Fine Homes $449,000
Listed by Holly C & Co. Fine Homes

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,700
  • Total Building Area: 1,066
  • Gross Building Area: 1,522
  • Building Area: 1,066
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,066
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221902

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0246 B:0020 L:0000
  • Block: 20
  • Municipality: GLOUCESTER
  • Latitude: 42.6398
  • Longitude: -70.7043

    Address

  • Full Address: 1 Brooks Ln
  • Address - House Number: 1
  • Address - Street Name: Brooks
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1576
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $398,100

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 506,806
  • High Value: 590,949
  • Low Value: 422,663

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $409,100
  • Assessed Land Value: $160,700
  • Assessed Improvements Value: $248,400

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Feb 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230224002220
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 Gloucester

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1919 ft²

Average Home Age

80.1 years

Currently For Sale

90 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: 4 months ago
Data Source: MLS PIN, MLS# 73071963

Frequently Asked Questions

When was property at 1 Brooks Lane built and last sold?
The property at 1 Brooks Lane was built in 1956 and last sold on Feb 24, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 1 Brooks Lane is $462,844.
What are some comparable homes to 1 Brooks Lane?
There are currently no comparable homes to 1 Brooks Lane.
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