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Gloucester 01930
151 Magnolia Avenue
Photo of 151 Magnolia Avenue
Sold on Aug 30, 2010

1

Map

$250,000
● House - Off Market

151 Magnolia Avenue

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$579,834
RealtyHop Estimate
114.83%
Since Sep 1, 2010
National-US
Primary Model

About This Property

5 room ranch in Magnolia, vinyl exterior siding, aluminum covered trim, insulated windows, large private lot, town water, TitleV approved private sewer, 1 car attached carport, modern kitchen and bath, w/w and tile floors, basement room, basement wood stove, more basement expansion possibilities and a 200 amp electric service. Move-in condition. Near commuter T to Boston and local beaches." Approx; $990.00 for electric, cooking, hot water and clothes dryer costs per year!"
Unit Size
864 Ft²
Days on Market
-
Land Size
1.16 acres
Price per sqft
$312
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1975

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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: 2 years ago (MLSPIN #71008264)

Price History

Date / Event Date Event Price
Aug 31, 2010 Sold
Premium
Sold
Dec 7, 2009 Listed $269,900
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • 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: 7
  • Basement Area: 864
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,530
  • Total Building Area: 864
  • Gross Building Area: 2,024
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 864
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001160
  • 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-30

Geography

  • Parcel: GLOU M:0198 B:0047 L:0000
  • Block: 47
  • Municipality: GLOUCESTER
  • Latitude: 42.5911
  • Longitude: -70.7172

    Address

  • Full Address: 151 Magnolia Ave
  • Address - House Number: 151
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C025
  • 4-Digit Zip Code: 5139
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $464,400

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 553,804
  • High Value: 643,259
  • Low Value: 464,349

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $477,300
  • Assessed Land Value: $221,700
  • Assessed Improvements Value: $255,600

    Sales

  • Current Sale Recording Date: Aug 31, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 23, 2007
  • 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:

$699,000

Sale Price/ft²

$443

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2024 ft²

Average Home Age

81 years

Currently For Sale

99 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: 2 years ago
Data Source: MLS PIN, MLS# 71008264

Frequently Asked Questions

When was property at 151 Magnolia Avenue built and last sold?
The property at 151 Magnolia Avenue was built in 1975 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 151 Magnolia Avenue is $0.
What are some comparable homes to 151 Magnolia Avenue?
There are currently no comparable homes to 151 Magnolia Avenue.
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