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Gloucester 01930
109R Wheeler Street
$225,000
● Land - Off Market

109R Wheeler Street

Gloucester, MA 01930
bedrooms
Studio
bathrooms
0 Bath
$515,783
RealtyHop Estimate
110.52%
Since Jul 1, 2010
National-US
Primary Model

About This Property

Build your dream home on over 1/2 acre lot.  A rare opportunity to build on Wheeler's Point! Level lot in private location near former boat yard area.  Driveway and drainage plan available.
Unit Size
-
Days on Market
-
Land Size
0.63 acres
Price per sqft
-
Property Type
Land
Property Taxes
$210
HOA Dues
-
Year Built
1839

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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 years ago (MLSPIN #70665985)

Price History

Date / Event Date Event Price
Nov 6, 2023 Sold
Premium
Sold
Jun 18, 2010 Sold
Premium
Sold
Mar 31, 2010 Sold
Premium
Sold
Oct 18, 2007 Listed by Vadala Real Estate $245,000
Listed by Vadala Real Estate
Jul 26, 2001 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1839
  • Effective Year Built: 1839
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,908
  • Total Building Area: 1,806
  • Gross Building Area: 2,079
  • Building Area: 1,806
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,806
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000273
  • 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:0099 B:0034 L:0000
  • Block: 34
  • Municipality: GLOUCESTER
  • Latitude: 42.6401
  • Longitude: -70.68

    Address

  • Full Address: 109 Wheeler St
  • Address - House Number: 109
  • Address - Street Name: Wheeler
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1641
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $663,900

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 885,984
  • High Value: 1,075,992
  • Low Value: 695,977

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $682,300
  • Assessed Land Value: $277,300
  • Assessed Improvements Value: $405,000

    Sales

  • Current Sale Contract Date: Oct 31, 2023
  • Current Sale Recording Date: Nov 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231106001240
  • Previous Sale Recording Date: Mar 31, 2010
  • Previous Sale Amount: $340,000
  • 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

1949 ft²

Average Home Age

77.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70665985

Frequently Asked Questions

When was property at 109R Wheeler Street built and last sold?
The property at 109R Wheeler Street was built in 1839 and last sold on Oct 31, 2023 for $925,000.
How much is this home worth?
The estimated value of the home located at 109R Wheeler Street is $247,450.
What are some comparable homes to 109R Wheeler Street?
There are currently no comparable homes to 109R Wheeler Street.
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