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Gloucester 01930
1 Sandy Way
$750,000
● House - Off Market

1 Sandy Way

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,164 Ft²
$1,469,226
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

Great opportunity for year round living or just a seasonal get away.... just steps to the private1.5 mile long Wingaersheek Beach AKA Coffin Beach! This home has an open floor plan with a step down to an inviting large family room with cathedral ceiling with double sliders to a large deck for entertaining. There is a 3rd floor bonus room that leads to a 8X14 roof deck offering panoramic ocean views!!!. Brand new roof 2015,  Beautiful landscape with patio for extra outside dining.... This home offers lots of light and space for extended family and or guests... Double car garage with 4-6 additional parking spaces... Private area with deeded beach rights...
Unit Size
2,164 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$404
Property Type
House
Property Taxes
$856
HOA Dues
-
Year Built
1984

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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 #71964857)

Price History

Date / Event Date Event Price
Jul 1, 2021 Sold
Premium
Sold
Apr 12, 2019 Sold
Premium
Sold
Jan 10, 2017 Sold
Premium
Sold
Mar 1, 2016 Listed by J.Gagnon Real Estate Associates $875,000
Listed by J.Gagnon Real Estate Associates

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 640
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,442
  • Total Building Area: 2,164
  • Gross Building Area: 3,892
  • Building Area: 2,164
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 2,164
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • 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:0257 B:0211 L:0000
  • Block: 211
  • Municipality: GLOUCESTER
  • Latitude: 42.6541
  • Longitude: -70.6989

    Address

  • Full Address: 1 Sandy Way
  • Address - House Number: 1
  • Address - Street Name: Sandy
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1461
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,448,800

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,918,289
  • High Value: 2,234,150
  • Low Value: 1,602,429

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,489,000
  • Assessed Land Value: $816,000
  • Assessed Improvements Value: $673,000

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210701000340
  • Previous Sale Recording Date: Apr 12, 2019
  • Previous Sale Contract Date: Mar 11, 2019
  • Previous Sale Amount: $429,700
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

1913 ft²

Average Home Age

81.9 years

Currently For Sale

88 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# 71964857

Frequently Asked Questions

When was property at 1 Sandy Way built and last sold?
The property at 1 Sandy Way was built in 1984 and last sold on Jun 30, 2021 for $2,100,000.
How much is this home worth?
The estimated value of the home located at 1 Sandy Way is $887,473.
What are some comparable homes to 1 Sandy Way?
There are currently no comparable homes to 1 Sandy Way.
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