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Gloucester 01930
145 Cherry Street
$300,685
● House - Off Market

145 Cherry Street

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
825 Ft²
$453,234
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Come see this charming 2 bedroom adorable Ranch, Located on beautiful Cherry Street. One level living will make your life easier. Perfect condo alternative. This  affordable home in a desirable neighborhood is wonderful for first time home buyers and downsizing. The new Mitsubishi cooling & heating system, will keep you cool in the summer,warm and toasty in the Winter. Enjoy your fully applianced eat in Kitchen. Low maintenance yard with a large shed that allows you plenty of room for storage. Just around the corner brings you to Goose Cove Reservoir with exciting trails and Beeman Elementary School. Great back yard for cookouts and entertaining. Off street parking for two cars.
Unit Size
825 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$362
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1963

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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 #72314397)

Price History

Date / Event Date Event Price
Jun 28, 2018 Sold
Premium
Sold
Apr 25, 2018 Listed by North Shore's Gold Coast Realty $299,000
Listed by North Shore's Gold Coast Realty
Apr 23, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 11
  • Exterior Walls Type: 19
  • 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: 4,702
  • Total Building Area: 825
  • Gross Building Area: 849
  • Building Area: 825
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 825
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000108
  • 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-10

Geography

  • Parcel: GLOU M:0188 B:0053 L:0000
  • Block: 53
  • Municipality: GLOUCESTER
  • Latitude: 42.6395
  • Longitude: -70.6696

    Address

  • Full Address: 145 Cherry St
  • Address - House Number: 145
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C028
  • 4-Digit Zip Code: 1733
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $333,500

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 412,258
  • High Value: 487,105
  • Low Value: 337,411

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $342,800
  • Assessed Land Value: $140,700
  • Assessed Improvements Value: $202,100

    Sales

  • Current Sale Recording Date: Jun 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180628005040
  • Previous Sale Recording Date: Apr 23, 1996
  • Previous Sale Amount: $91,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72314397

Frequently Asked Questions

When was property at 145 Cherry Street built and last sold?
The property at 145 Cherry Street was built in 1963 and last sold on Jan 1, 1970 for $300,685.
How much is this home worth?
The estimated value of the home located at 145 Cherry Street is $308,254.
What are some comparable homes to 145 Cherry Street?
There are currently no comparable homes to 145 Cherry Street.
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