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Gloucester
10 Point Road
$1,910,000
● House - Off Market

10 Point Road

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,788 Ft²
$3,537,999
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

This spectacular location at the head of private Coffin Beach offers 240 degree views.  The panoramic vista includes the entirety of Coffin Beach, Crane Beach, the New Hampshire coastline and, on a clear day, Maine's coastal islands.  To the east and south the rocky coast of the Annisquam peninsula and its historic lighthouse reminds us of why this unique setting is considered one of the loveliest on the East coast.  The summer home is a blend of mid-century modern exterior lines with the interior warmth of a classic beach cottage.  A massive granite fireplace adorns an entire living room wall while an oversized picture window showcases the breathtaking sparkling white sand beach and beyond.  Owned and loved by four generations for over 60 years.  This rare opportunity awaits the new owner's updates and dreams.
Unit Size
1,788 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$1,175
Property Type
House
Property Taxes
$1,412
HOA Dues
$600
Year Built
1947

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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 #72014448)

Price History

Date / Event Date Event Price
Nov 1, 2016 Sold
Premium
Sold
Jun 1, 2016 Listed by J. Barrett & Company $2,100,000
Listed by J. Barrett & Company

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • 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: 12,040
  • Total Building Area: 2,040
  • Gross Building Area: 4,857
  • Building Area: 2,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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:0256 B:0008 L:0000
  • Block: 8
  • Municipality: GLOUCESTER
  • Latitude: 42.6559
  • Longitude: -70.692

    Address

  • Full Address: 10 Point Rd
  • Address - House Number: 10
  • Address - Street Name: Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1414
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,050,600

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 3,126,679
  • High Value: 3,605,858
  • Low Value: 2,647,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,135,300
  • Assessed Land Value: $2,352,200
  • Assessed Improvements Value: $783,100

    Sales

  • Current Sale Recording Date: Nov 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 661
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

1928 ft²

Average Home Age

77.9 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# 72014448

Frequently Asked Questions

When was property at 10 Point Road built and last sold?
The property at 10 Point Road was built in 1947 and last sold on Jan 1, 1970 for $1,910,000.
How much is this home worth?
The estimated value of the home located at 10 Point Road is $2,051,017.
What are some comparable homes to 10 Point Road?
There are currently no comparable homes to 10 Point Road.
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