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Gloucester 01930
16 Abbott Rd
$440,000
● House - Off Market

16 Abbott Rd

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,440 Ft²
$470,871
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Solid Cape located on a dead-end, side street with a beautiful views of a marsh and located within 1 mile of Good Harbor Beach! This home features an eat-in kitchen with a view of the marsh and a cut-out that looks into the living room. Formal living room with hardwood floors. This home offers a versatile floor plan with two bedrooms on the first floor and two large bedrooms on the second floor that run front to back. You could use one of the bedrooms on the first floor as an office or you could combine the two into a large primary suite if you are in need of single level living. The bedrooms upstairs appear large enough to accommodate a primary suite. Recently installed forced hot water gas heating system, town water & sewer.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$313
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72994063)

Price History

Date / Event Date Event Price
Oct 7, 2022 Sold
Premium
Sold
Jun 8, 2022 Listed by J. Borstell Real Estate, Inc. $450,000
Listed by J. Borstell Real Estate, Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,440
  • Gross Building Area: 2,197
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 221300

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0185 B:0140 L:0000
  • Block: 140
  • Municipality: GLOUCESTER
  • Latitude: 42.6207
  • Longitude: -70.6438

    Address

  • Full Address: 16 Abbott Rd
  • Address - House Number: 16
  • Address - Street Name: Abbott
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C031
  • 4-Digit Zip Code: 3102
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $445,900

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 510,001
  • High Value: 598,576
  • Low Value: 421,426

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $458,300
  • Assessed Land Value: $143,000
  • Assessed Improvements Value: $315,300

    Sales

  • Current Sale Contract Date: Oct 07, 2022
  • Current Sale Recording Date: Oct 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221007003000
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# 72994063

Frequently Asked Questions

When was property at 16 Abbott Road built and last sold?
The property at 16 Abbott Road was built in 1945 and last sold on Oct 7, 2022 for $440,000.
How much is this home worth?
The estimated value of the home located at 16 Abbott Road is $468,914.
What are some comparable homes to 16 Abbott Road?
There are currently no comparable homes to 16 Abbott Road.
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