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Gloucester 01930
1066 Washington St.
$360,000
● House - Off Market

1066 Washington St.

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,797 Ft²
$837,148
RealtyHop Estimate
115.21%
Since Sep 1, 2012
National-US
Primary Model

About This Property

Unique opportunity for the creative buyer! Mixed-Use property in the heart of Lanesville. Currently the rental unit is the U.S. Postal Service (2 rooms retail). Owner's unit is adjacent, offering two levels, 3 bed, 1.5 bath, basement art studio, newer kitchen, yard and pkg. Sweet with old charm, this building is move-in ready and a great opportunity to raise the family by the beach, work out of your home studio/office, and collect half your mortgage payment from the retail space.
Unit Size
1,797 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$216
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1900

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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 #71369088)

Price History

Date / Event Date Event Price
Aug 29, 2012 Sold
Premium
Sold
Apr 18, 2012 Listed by RE/MAX Advantage Real Estate $389,000
Listed by RE/MAX Advantage Real Estate
Jan 14, 2002 Sold
Premium
Sold
Jan 9, 2002 Listed by RE/MAX Advantage Real Estate $262,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 29
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,170
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,220
  • Total Building Area: 1,920
  • Gross Building Area: 3,755
  • Building Area: 1,920
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000074
  • Standard Land Use Code: 2044
  • County Land Use Code: 013

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221100

Zoning

  • Zoning: VB

Geography

  • Parcel: GLOU M:0142 B:0026 L:0000
  • Block: 26
  • Municipality: GLOUCESTER
  • Latitude: 42.6778
  • Longitude: -70.6589

    Address

  • Full Address: 1066 Washington St
  • Address - House Number: 1066
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C026
  • 4-Digit Zip Code: 1126
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $432,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $505,400
  • Assessed Land Value: $168,100
  • Assessed Improvements Value: $337,300

    Sales

  • Current Sale Recording Date: Aug 29, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jan 14, 2002
  • Previous Sale Amount: $250,000
  • 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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1941 ft²

Average Home Age

77 years

Currently For Sale

91 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# 71369088

Frequently Asked Questions

When was property at 1066 Washington Street built and last sold?
The property at 1066 Washington Street was built in 1900 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 1066 Washington Street is $416,211.
What are some comparable homes to 1066 Washington Street?
There are currently no comparable homes to 1066 Washington Street.
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