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Gloucester 01930
116 Concord Street
$475,000
● House - Off Market

116 Concord Street

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
806 Ft²
$478,314
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Just what you've been looking for! A thoughtfully renovated 2-bedroom 1.5 bath ranch home perched high on a 1/2 acre lot in West Gloucester, surrounded by conservation land with a private patio and a front deck with seasonal marsh views and easy access to Rt. 128! Interior features include gleaming hardwood floors, recessed lighting, granite counters, Maple cabinets and SS appliances. Brand new heating system! Ample parking and multiple shed storage. The 3-bedroom septic offers potential to expand the home to suit your needs! Vacation year round near Wingaersheek Beach!
Unit Size
806 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$571
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1958

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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 #73016916)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Aug 3, 2022 Listed by Vadala Real Estate $459,900
Listed by Vadala Real Estate
Jul 31, 2014 Sold
Premium
Sold
Apr 15, 2014 Listed by Vadala Real Estate $238,800
Listed by Vadala Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 442
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,895
  • Total Building Area: 806
  • Gross Building Area: 1,388
  • Building Area: 806
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 806
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000480
  • 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-20

Geography

  • Parcel: GLOU M:0242 B:0004 L:0000
  • Block: 4
  • Municipality: GLOUCESTER
  • Latitude: 42.6312
  • Longitude: -70.7084

    Address

  • Full Address: 116 Concord St
  • Address - House Number: 116
  • Address - Street Name: Concord
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1655
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $409,000

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 506,384
  • High Value: 594,331
  • Low Value: 418,437

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $420,400
  • Assessed Land Value: $176,500
  • Assessed Improvements Value: $243,900

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220930006260
  • Previous Sale Recording Date: Jul 31, 2014
  • Previous Sale Amount: $232,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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# 73016916

Frequently Asked Questions

When was property at 116 Concord Street built and last sold?
The property at 116 Concord Street was built in 1958 and last sold on Sep 30, 2022 for $475,000.
How much is this home worth?
The estimated value of the home located at 116 Concord Street is $459,384.
What are some comparable homes to 116 Concord Street?
There are currently no comparable homes to 116 Concord Street.
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