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Gloucester 01930
1061 Washington Street
Photo of 1061 Washington Street
Sold on May 13, 2005

1

Map

$360,000
● House - Off Market

1061 Washington Street

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$720,598
RealtyHop Estimate
80.60%
Since Jun 1, 2005
National-US
Primary Model

About This Property

Get to know the history of the seaside Village of Lanesville through the eyes of this classic antique built around the 1750's. Once the home of a well-known quarrymaster, it's walls have many tales to tell. Many original features are intact i.e.wide pine floors, wainscoting, 4 fireplaces (2 exposed, 2 behind walls.) Large fenced corner lot w/storage shed. Just a 5 minute walk to Plum Cove Beach, Dogtown hiking trails, Lanesville Center and the Plum Cove School. Wired for high speed internet.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$200
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1750

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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 #70104514)

Price History

Date / Event Date Event Price
Aug 20, 2010 Sold
Premium
Sold
May 13, 2005 Sold
Premium
Sold
Oct 14, 2004 Listed $399,000
Listed
Sep 27, 1991 Sold
Premium
Sold

Property Highlights

Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1750
  • Effective Year Built: 1750
  • 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: 5
  • 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: 132
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,660
  • Total Building Area: 1,780
  • Gross Building Area: 2,446
  • Building Area: 1,780
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,780
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANESVILLE COR WASHINGTON STRE
  • Land Acres: 0000000176
  • 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-20

Geography

  • Parcel: GLOU M:0154 B:0051 L:0000
  • Block: 51
  • Municipality: GLOUCESTER
  • Latitude: 42.6767
  • Longitude: -70.6601

    Address

  • Full Address: 1061 Washington St
  • Address - House Number: 1061
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C026
  • 4-Digit Zip Code: 1158
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $644,600

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 704,333
  • High Value: 828,111
  • Low Value: 580,555

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $662,500
  • Assessed Land Value: $245,300
  • Assessed Improvements Value: $417,200

    Sales

  • Current Sale Recording Date: Aug 20, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 27, 1991
  • Previous Sale Amount: $115,000
  • 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

1906 ft²

Average Home Age

79.6 years

Currently For Sale

89 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# 70104514

Frequently Asked Questions

When was property at 1061 Washington Street built and last sold?
The property at 1061 Washington Street was built in 1750 and last sold on Jan 1, 1970 for $315,000.
How much is this home worth?
The estimated value of the home located at 1061 Washington Street is $434,529.
What are some comparable homes to 1061 Washington Street?
There are currently no comparable homes to 1061 Washington Street.
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