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Gloucester 01930
14 Sunset Point Road
$510,000
● House - Off Market

14 Sunset Point Road

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
432 Ft²
$815,248
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model

About This Property

Stunning oceanfront setting in one of the North Shore's most idyllic and colorful communities, offering a perfect platform for creating a dream cottage by the sea. Currently a small 1920's two-bedroom bungalow with breathtaking ocean vistas and spectacular sunsets, in a serene front-row site within walking distance of the Lanesville cafe, market and post office. Public water and sewer, generous lot, expansion potential. Opportunity to own both this home and the abutting contemporary single-family residence also listed for sale at 15 Sunset Point (MLS #72356218). Imagine an adjacent writing or artist studio, rental property, guest cottage, extended family unit or garage.
Unit Size
432 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$1,250
Property Type
House
Property Taxes
$618
HOA Dues
-
Year Built
2021

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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 #72356220)

Price History

Date / Event Date Event Price
Feb 4, 2019 Sold
Premium
Sold
Jul 3, 2018 Listed by Engel & Volkers By the Sea $540,000
Listed by Engel & Volkers By the Sea
Jul 15, 1999 Sold
Premium
Sold
May 26, 1999 Listed $349,000
Listed
OCEANFRONT SUMMER COTTAGE -FABULOUS VIEWS - MAGNIFICENT SUNSETS ETC ETC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • 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: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,240
  • Total Building Area: 1,550
  • Gross Building Area: 2,162
  • Building Area: 1,550
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,550
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000212
  • 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: 221100

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0143 B:0047 L:0000
  • Block: 47
  • Municipality: GLOUCESTER
  • Latitude: 42.6798
  • Longitude: -70.6578

    Address

  • Full Address: 14 Sunset Point Rd
  • Address - House Number: 14
  • Address - Street Name: Sunset Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C020
  • 4-Digit Zip Code: 1121
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,416,300

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,120,231
  • High Value: 1,309,681
  • Low Value: 930,782

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,455,600
  • Assessed Land Value: $828,900
  • Assessed Improvements Value: $626,700

    Sales

  • Current Sale Contract Date: Jan 30, 2019
  • Current Sale Recording Date: Feb 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 599494

    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# 72356220

Frequently Asked Questions

When was property at 14 Sunset Point Road built and last sold?
The property at 14 Sunset Point Road was built in 2021 and last sold on Jan 30, 2019 for $510,000.
How much is this home worth?
The estimated value of the home located at 14 Sunset Point Road is $527,454.
What are some comparable homes to 14 Sunset Point Road?
There are currently no comparable homes to 14 Sunset Point Road.
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