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Gloucester 01930
127 Wheeler Street
$390,000
● House - Off Market

127 Wheeler Street

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,232 Ft²
$674,266
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Wheeler's Point with direct access to Annisquam river!  Enjoy the spectacular views and beautiful sunsets from this year round 3 bedroom colonial cottage with open concept living area.   It's the perfect spot for a smaller family, anyone looking to downsize, or if you are looking for a 2nd home and year round getaway!  Low tide offers a sandbar beach just steps from your door way.   It's a great spot to swim, fish, kayak, or just sunbath and enjoy the view.    The property has a new furnace, and is serviced by city water & sewer. There is a full basement with storage area.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$308
Property Type
House
Property Taxes
$293
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 #71844962)

Price History

Date / Event Date Event Price
Aug 17, 2021 Sold
Premium
Sold
Jun 22, 2021 Listed by Vadala Real Estate $750,000
Listed by Vadala Real Estate
Aug 13, 2015 Sold
Premium
Sold
May 27, 2015 Listed by Vadala Real Estate $379,900
Listed by Vadala Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 682
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,320
  • Total Building Area: 1,232
  • Gross Building Area: 2,423
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000099
  • 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: 221800

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0099 B:0050 L:0000
  • Block: 50
  • Municipality: GLOUCESTER
  • Latitude: 42.6417
  • Longitude: -70.6804

    Address

  • Full Address: 127 Wheeler St
  • Address - House Number: 127
  • Address - Street Name: Wheeler
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1642
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $670,000

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 781,223
  • High Value: 917,172
  • Low Value: 645,275

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $688,600
  • Assessed Land Value: $265,700
  • Assessed Improvements Value: $422,900

    Sales

  • Current Sale Contract Date: Aug 17, 2021
  • Current Sale Recording Date: Aug 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210817001180
  • Previous Sale Recording Date: Aug 13, 2015
  • Previous Sale Amount: $390,000
  • 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

1913 ft²

Average Home Age

81.9 years

Currently For Sale

88 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# 71844962

Frequently Asked Questions

When was property at 127 Wheeler Street built and last sold?
The property at 127 Wheeler Street was built in 1900 and last sold on Aug 17, 2021 for $850,000.
How much is this home worth?
The estimated value of the home located at 127 Wheeler Street is $745,075.
What are some comparable homes to 127 Wheeler Street?
There are currently no comparable homes to 127 Wheeler Street.
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