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Gloucester 01930
127 Concord St
$575,000
● House - Off Market

127 Concord St

Gloucester, MA 01930
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,245 Ft²
$843,096
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

If you've been waiting to live on the water, here is your chance! Waterfront on Jones Creek with tidal access to Atlantic. Wake up to the gorgeous sunrises and enjoy the wildlife in their natural setting. One level living ranch with hardwood flooring throughout, full basement ready for build out of additional living space plumbed for two (2) bathrooms and framed, or add a second story. Additional living spacet over the garage Ideal for guests, Air B & B or yearly tenant. Each unit has separate utilities and entrances. Two-car garage completes this residence. Many recent improvements, update to your personal style or keep the rustic charm. Two miles to Wingaersheek Beach, nearby commuter rail and easy access to Route 128. Affordable waterfront living on Beautiful Cape Ann.
Unit Size
2,245 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$256
Property Type
House
Property Taxes
$473
HOA Dues
-
Year Built
1960

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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 #72476614)

Price History

Date / Event Date Event Price
Aug 28, 2019 Sold
Premium
Sold
Apr 4, 2019 Listed by Holly C & Co. Fine Homes $575,000
Listed by Holly C & Co. Fine Homes

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,361
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,250
  • Total Building Area: 2,245
  • Gross Building Area: 4,730
  • Building Area: 2,245
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,245
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000534
  • 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:0141 L:0000
  • Block: 141
  • Municipality: GLOUCESTER
  • Latitude: 42.632
  • Longitude: -70.7072

    Address

  • Full Address: 127 Concord St
  • Address - House Number: 127
  • Address - Street Name: Concord
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1652
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $654,200

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 804,418
  • High Value: 932,608
  • Low Value: 676,227

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $672,400
  • Assessed Land Value: $240,200
  • Assessed Improvements Value: $432,200

    Sales

  • Current Sale Contract Date: Jul 26, 2019
  • Current Sale Recording Date: Aug 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190828005980
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# 72476614

Frequently Asked Questions

When was property at 127 Concord Street built and last sold?
The property at 127 Concord Street was built in 1960 and last sold on Jul 26, 2019 for $575,000.
How much is this home worth?
The estimated value of the home located at 127 Concord Street is $580,866.
What are some comparable homes to 127 Concord Street?
There are currently no comparable homes to 127 Concord Street.
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