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Gloucester 01930
1 Rose Ln
$650,000
● House - Off Market

1 Rose Ln

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$657,448
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

You can't get much better than this three bedroom home that not only has very nice views of the Mill River but the deed says there is access to it too. The access is near enough to take your kayak or stand up paddle to use on a beautiful day.   Come into the cozy kitchen from a side entry and you'll be drawn to the living room windows to see what's happening on the river or make the sunporch your favorite place to take in the views.  The one car garage has access from the spacious basement which is the perfect place for a work out space and tricycles.  Located in the Wheeler's Point neighborhood, there is also nearby access to the Annisquam River at Corliss Landing and the Corliss Playground is on the way. This is the perfect time of year to purchase this home and be in for summer of 2023.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$591
Property Type
House
Property Taxes
$423
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 #73077413)

Price History

Date / Event Date Event Price
Mar 31, 2023 Sold
Premium
Sold
Feb 16, 2023 In contract -
In contract
Feb 8, 2023 Listed by RE/MAX 360 $638,000
Listed by RE/MAX 360

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • 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: 7
  • Basement Area: 1,080
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,570
  • Total Building Area: 1,080
  • Gross Building Area: 2,644
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000174
  • 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: 221800

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0101 B:0024 L:0000
  • Block: 24
  • Municipality: GLOUCESTER
  • Latitude: 42.6373
  • Longitude: -70.6797

    Address

  • Full Address: 1 Rose Ln
  • Address - House Number: 1
  • Address - Street Name: Rose
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1729
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $506,200

    Appraisal Valuation

  • Standard Deviation: 0.1888
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 547,777
  • High Value: 651,244
  • Low Value: 444,309

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $520,200
  • Assessed Land Value: $212,600
  • Assessed Improvements Value: $307,600

    Sales

  • Current Sale Contract Date: Mar 30, 2023
  • Current Sale Recording Date: Mar 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230331000970
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73077413

Frequently Asked Questions

When was property at 1 Rose Lane built and last sold?
The property at 1 Rose Lane was built in 1956 and last sold on Mar 30, 2023 for $650,000.
How much is this home worth?
The estimated value of the home located at 1 Rose Lane is $641,864.
What are some comparable homes to 1 Rose Lane?
There are currently no comparable homes to 1 Rose Lane.
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