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Gloucester 01930
118 Centennial Avenue
$340,000
● House - Off Market

118 Centennial Avenue

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
788 Ft²
$476,280
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

This lovely home has been incredibly well cared for by its current owners and provides a pristine interior with an open first floor consisting of gleaming hardwood floors, a spacious living room with crown molding, a dining room, and the center piece of this home, a gorgeous kitchen with cherry cabinets, stainless steel appliances, an island and striking granite counter tops.  The second floor has a roomy master bedroom with two closets, a second bedroom with a large closet and a full bath with ample storage and a Jacuzzi tub.   There is also a full walk out basement, off street parking and a level yard perfect for outdoor activities.  This is all set in a convenient central location close to Gloucester Harbor, the restaurants and shops of downtown Gloucester, Route 128 and the MBTA Commuter Rail.
Unit Size
788 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$411
Property Type
House
Property Taxes
$286
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 #72480690)

Price History

Date / Event Date Event Price
Jun 7, 2019 Sold
Premium
Sold
Apr 11, 2019 Listed by Vadala Real Estate $324,000
Listed by Vadala Real Estate
Mar 28, 1997 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 15
  • 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: 524
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,509
  • Total Building Area: 905
  • Gross Building Area: 1,758
  • Building Area: 905
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 905
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDWARD S GRIFFIN
  • Land Acres: 0000000104
  • 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: 221700

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0022 B:0006 L:0000
  • Block: 6
  • Municipality: GLOUCESTER
  • Latitude: 42.6172
  • Longitude: -70.673

    Address

  • Full Address: 118 Centennial Ave
  • Address - House Number: 118
  • Address - Street Name: Centennial
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C032
  • 4-Digit Zip Code: 2563
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $426,400

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 477,427
  • High Value: 568,625
  • Low Value: 386,229

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $438,200
  • Assessed Land Value: $139,200
  • Assessed Improvements Value: $299,000

    Sales

  • Current Sale Contract Date: May 31, 2019
  • Current Sale Recording Date: Jun 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190607002690
  • Previous Sale Recording Date: Mar 28, 1997
  • Previous Sale Amount: $112,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72480690

Frequently Asked Questions

When was property at 118 Centennial Avenue built and last sold?
The property at 118 Centennial Avenue was built in 1900 and last sold on May 31, 2019 for $340,000.
How much is this home worth?
The estimated value of the home located at 118 Centennial Avenue is $332,481.
What are some comparable homes to 118 Centennial Avenue?
There are currently no comparable homes to 118 Centennial Avenue.
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