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Gloucester 01930
11 Rust Island Rd
Photo of 11 Rust Island Rd
Sold on Sep 20, 2006

1

Map

$750,000
● House - Off Market

11 Rust Island Rd

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,604 Ft²
$1,331,805
RealtyHop Estimate
68.80%
Since Oct 1, 2006
National-US
Primary Model

About This Property

Unbelievable opportunity to own this recently built 3600sf+/- Contemporary Colonial overlooking Jones River Estuary sited on 1.6+acre lot. Featuring 4BR, 3 bths, mahogany deck & plenty of room to expand. Beach Assoc. w/deep water dock,& landing avail. Massive cathedral family room, central air, oak HW flrs w/walnut borders thruout. Convenient to Rte 128.
Unit Size
3,604 Ft²
Days on Market
-
Land Size
1.23 acres
Price per sqft
$219
Property Type
House
Property Taxes
$591
HOA Dues
$50
Year Built
1998

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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 #70422468)

Price History

Date / Event Date Event Price
Sep 21, 2006 Sold
Premium
Sold
Jul 13, 2006 Listed $789,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 23
  • 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: 3,096
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,579
  • Total Building Area: 3,664
  • Gross Building Area: 8,456
  • Building Area: 3,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,664
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001230
  • 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-10

Geography

  • Parcel: GLOU M:0233 B:0073 L:0000
  • Block: 73
  • Municipality: GLOUCESTER
  • Latitude: 42.6271
  • Longitude: -70.6965

    Address

  • Full Address: 11 Rust Island Rd
  • Address - House Number: 11
  • Address - Street Name: Rust Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 2102
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,302,300

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,379,019
  • High Value: 1,598,825
  • Low Value: 1,159,214

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,338,400
  • Assessed Land Value: $502,300
  • Assessed Improvements Value: $836,100

    Sales

  • Current Sale Recording Date: Sep 21, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 64757
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# 70422468

Frequently Asked Questions

When was property at 11 Rust Island Road built and last sold?
The property at 11 Rust Island Road was built in 1998 and last sold on Jan 1, 1970 for $750,000.
How much is this home worth?
The estimated value of the home located at 11 Rust Island Road is $846,389.
What are some comparable homes to 11 Rust Island Road?
There are currently no comparable homes to 11 Rust Island Road.
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