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Gloucester 01930
1 Echo Ave
$350,000
● House - Off Market

1 Echo Ave

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,505 Ft²
$609,390
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Adorable Three Bedroom, One and a Half Bath Home with Nice Views of Mill River!!  Perfect home for small family looking to get into this gorgeous area of Gloucester.  Many updates have taken place including: Kitchen, baths and 2nd floor bedrooms.  Plenty of Amenities including: Central Vac,  Water views, Newer windows throughout, Roof is only 2 years old, Washer/ Dryer hookups, level yard (partially fenced in), Sun room, Two decks - one with Outdoor Shower!!!  Plum Cove Beach is only 5 minutes away; Good Harbor Beach is 10 Minutes away.  This Home cannot be missed at this price!!!!!!
Unit Size
1,505 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$239
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1920

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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 #71969984)

Price History

Date / Event Date Event Price
Jun 17, 2016 Sold
Premium
Sold
Mar 10, 2016 Listed by Coldwell Banker Residential Brokerage - Topsfield $359,000
Listed by Coldwell Banker Residential Brokerage - Topsfield
May 19, 2005 Sold
Premium
Sold
Mar 25, 2005 Listed by Coldwell Banker Residential Brokerage - Topsfield $329,000
Listed by Coldwell Banker Residential Brokerage - Topsfield

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,004
  • Gross Building Area: 2,503
  • Building Area: 1,004
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,004
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 221100

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0109 B:0051 L:0000
  • Block: 51
  • Municipality: GLOUCESTER
  • Latitude: 42.6342
  • Longitude: -70.6745

    Address

  • Full Address: 1 Echo Ave
  • Address - House Number: 1
  • Address - Street Name: Echo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C028
  • 4-Digit Zip Code: 1824
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $445,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 474,890
  • High Value: 549,901
  • Low Value: 399,879

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $458,200
  • Assessed Land Value: $149,600
  • Assessed Improvements Value: $308,600

    Sales

  • Current Sale Recording Date: Jun 17, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 485
  • Previous Sale Recording Date: May 19, 2005
  • Previous Sale Amount: $329,000
  • Previous Sale Document Type: 27
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71969984

Frequently Asked Questions

When was property at 1 Echo Avenue built and last sold?
The property at 1 Echo Avenue was built in 1920 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 1 Echo Avenue is $383,890.
What are some comparable homes to 1 Echo Avenue?
There are currently no comparable homes to 1 Echo Avenue.
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