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Gloucester 01930
120 Western Avenue
$470,000
● House - Off Market

120 Western Avenue

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,330 Ft²
$924,458
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

A Fine Gambrel Colonial, close to Stage Fort Park, Half Moon Beach and Ravenswood. This home is spacious and well maintained, recent upgrades include electrics, windows and a new laundry on the second floor. The spacious living room has a fireplace and flows to the family and formal dining rooms. Eat-in kitchen with butler's pantry. Master bedroom has built-ins and gas fireplace. Mature fenced garden with grape pergola. Two car garage/storage, off-street parking. Three bedroom Title V approved.
Unit Size
2,330 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$213
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1920

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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 #70613632)

Price History

Date / Event Date Event Price
Apr 11, 2008 Sold
Premium
Sold
Jul 12, 2007 Listed by Realty By The Sea Team, LLC $497,000
Listed by Realty By The Sea Team, LLC
Aug 31, 2006 Sold
Premium
Sold
Oct 4, 2005 Listed by Realty By The Sea Team, LLC $474,000
Listed by Realty By The Sea Team, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,056
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,750
  • Total Building Area: 2,271
  • Gross Building Area: 4,715
  • Building Area: 2,271
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,271
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000178
  • 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: 221901

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0216 B:0097 L:0000
  • Block: 97
  • Municipality: GLOUCESTER
  • Latitude: 42.6055
  • Longitude: -70.6815

    Address

  • Full Address: 120 Western Ave
  • Address - House Number: 120
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C030
  • 4-Digit Zip Code: 4036
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $864,200

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 920,747
  • High Value: 1,067,507
  • Low Value: 773,986

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $888,200
  • Assessed Land Value: $214,100
  • Assessed Improvements Value: $674,100

    Sales

  • Current Sale Recording Date: Apr 11, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 31, 2006
  • Previous Sale Amount: $450,148
  • 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

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70613632

Frequently Asked Questions

When was property at 120 Western Avenue built and last sold?
The property at 120 Western Avenue was built in 1920 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 120 Western Avenue is $533,970.
What are some comparable homes to 120 Western Avenue?
There are currently no comparable homes to 120 Western Avenue.
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