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Gloucester 01930
11 New Way Lane
$369,000
● House - Off Market

11 New Way Lane

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,984 Ft²
$738,716
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Well cared for 3 bedroom home on half an acre in West Gloucester, offering a large kitchen and dining, open to an equally spacious living room. The family room has a gas stove and could be used as a first floor bedroom. A deck from the kitchen leads to the back yard where blueberry bushes are in a fenced area to enjoy in the summer.  Wingaersheek beach is 3 miles away, walking trails, and elementary school nearby, short distance to the T Station, and easy commute onto RT 128
Unit Size
1,984 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$191
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1981

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71491754)

Price History

Date / Event Date Event Price
Jul 3, 2013 Sold
Premium
Sold
Mar 10, 2013 Listed by RE/MAX Advantage Real Estate $379,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,235
  • Total Building Area: 1,998
  • Gross Building Area: 2,986
  • Building Area: 1,998
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,998
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000510
  • 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: 221901

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0221 B:0018 L:0000
  • Block: 18
  • Municipality: GLOUCESTER
  • Latitude: 42.6163
  • Longitude: -70.7167

    Address

  • Full Address: 11 New Way Ln
  • Address - House Number: 11
  • Address - Street Name: New Way
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C010
  • 4-Digit Zip Code: 2304
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $648,000

    Appraisal Valuation

  • Standard Deviation: 0.1741
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 788,577
  • High Value: 925,943
  • Low Value: 651,211

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $666,000
  • Assessed Land Value: $208,200
  • Assessed Improvements Value: $457,800

    Sales

  • Current Sale Recording Date: Jul 03, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00007030
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# 71491754

Frequently Asked Questions

When was property at 11 New Way Lane built and last sold?
The property at 11 New Way Lane was built in 1981 and last sold on Jan 1, 1970 for $369,000.
How much is this home worth?
The estimated value of the home located at 11 New Way Lane is $414,267.
What are some comparable homes to 11 New Way Lane?
There are currently no comparable homes to 11 New Way Lane.
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