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Gloucester 01930
1101 Washington Street
$575,000
● House - Off Market

1101 Washington Street

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,945 Ft²
$787,599
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Live by the Ipswich Bay and enjoy seasonal views, proximity to beaches, hiking trails, kayaking, quarries, boat launch/dock,  and more! Stately 3 bedroom, 2 bath Colonial in famous Lanesville offers spacious rooms, sunshine and seasonal views of Ipswich Bay and beyond! Lovely features include wide pine floors throughout, built-in cabinets, and finished attic with 4 additional rooms for storage or playroom/office. Set on a knoll, the back yard is private with patio for barbecues and awesome granite garage/workshop. Stroll to village for morning coffee and goods. Lanes Cove is a stone's throw away and Plum Cove Beach is 3 blocks down the street. Awaken to the sweet smells of the ocean and end your day with breathtaking views of Ipswich Bay and beyond!
Unit Size
1,945 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$296
Property Type
House
Property Taxes
$464
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 #72684068)

Price History

Date / Event Date Event Price
Aug 20, 2020 Sold
Premium
Sold
Jul 2, 2020 Listed by RE/MAX 360 $575,000
Listed by RE/MAX 360
Dec 28, 2007 Sold
Premium
Sold
Jul 6, 2007 Listed by RE/MAX 360 $399,900
Listed by RE/MAX 360

Property Highlights

Garage
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: 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: 7
  • Basement Area: 868
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,485
  • Total Building Area: 1,945
  • Gross Building Area: 3,618
  • Building Area: 1,945
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,945
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000264
  • 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:0153 B:0038 L:0000
  • Block: 38
  • Municipality: GLOUCESTER
  • Latitude: 42.6779
  • Longitude: -70.6572

    Address

  • Full Address: 1101 Washington St
  • Address - House Number: 1101
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C020
  • 4-Digit Zip Code: 1130
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $651,600

    Appraisal Valuation

  • Standard Deviation: 0.2162
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 740,437
  • High Value: 900,543
  • Low Value: 580,332

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $669,700
  • Assessed Land Value: $239,500
  • Assessed Improvements Value: $430,200

    Sales

  • Current Sale Contract Date: Aug 13, 2020
  • Current Sale Recording Date: Aug 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200820000770
  • Previous Sale Recording Date: Dec 28, 2007
  • Previous Sale Amount: $395,000
  • 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

1919 ft²

Average Home Age

80.1 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72684068

Frequently Asked Questions

When was property at 1101 Washington Street built and last sold?
The property at 1101 Washington Street was built in 1900 and last sold on Aug 13, 2020 for $575,000.
How much is this home worth?
The estimated value of the home located at 1101 Washington Street is $599,586.
What are some comparable homes to 1101 Washington Street?
There are currently no comparable homes to 1101 Washington Street.
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