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Gloucester 01930
111 Mt. Pleasant Ave
$365,000
● House - Off Market

111 Mt. Pleasant Ave

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
820 Ft²
$553,214
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

East Gloucester under $400,000!! Rare opportunity to buy a home in wonderful East Gloucester location near elementary school, Rocky Neck, Swinson playground, and short drive to Niles and Good Harbor Beaches!  1984 Split entry offers 4 Rooms, 2 BR, and 1 full bath but with full unfinished basement space you could add another BR, familyroom, and full or half bath when you could afford to expand your living space. Exterior has been well maintained and has nicely landscaped yard and large deck along with 3 car paved parking! All appliances remain. Full bath offers vaulted ceiling and skylight.
Unit Size
820 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$457
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1984

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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 #72469742)

Price History

Date / Event Date Event Price
May 22, 2019 Sold
Premium
Sold
Mar 23, 2019 Listed by North Shore's Gold Coast Realty $375,000
Listed by North Shore's Gold Coast Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,030
  • Total Building Area: 820
  • Gross Building Area: 1,864
  • Building Area: 820
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 820
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 221300

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0078 B:0033 L:0000
  • Block: 33
  • Municipality: GLOUCESTER
  • Latitude: 42.6064
  • Longitude: -70.6505

    Address

  • Full Address: 111 Mount Pleasant Ave
  • Address - House Number: 111
  • Address - Street Name: Mount Pleasant
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C027
  • 4-Digit Zip Code: 4205
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $462,400

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 542,776
  • High Value: 637,044
  • Low Value: 448,508

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $475,200
  • Assessed Land Value: $199,200
  • Assessed Improvements Value: $276,000

    Sales

  • Current Sale Contract Date: May 21, 2019
  • Current Sale Recording Date: May 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190522001600
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# 72469742

Frequently Asked Questions

When was property at 111 Mt Pleasant Avenue built and last sold?
The property at 111 Mt Pleasant Avenue was built in 1984 and last sold on May 21, 2019 for $365,000.
How much is this home worth?
The estimated value of the home located at 111 Mt Pleasant Avenue is $381,190.
What are some comparable homes to 111 Mt Pleasant Avenue?
There are currently no comparable homes to 111 Mt Pleasant Avenue.
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