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Gloucester 01930
16 Wheeler St
$355,000
● House - Off Market

16 Wheeler St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,091 Ft²
$552,148
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

BUYER'S FINANCING DENIED - YOUR SECOND CHANCE!! This light-filled 3 bedroom, 2 full bath home is warm and charming with a gas stove in the living room making it even more cozy. Backing up to Pole's Hill, your backyard neighbor is conservation land that has views of the ocean. New features include a new gas oven, new windows, new shower in the master bath, and newer hot water heater (2013). Newer roof (one half done in 2016, the other half done in 2018). Location is very convenient to Rt. 128, the hospital, and both downtown Gloucester and Rockport and the many beautiful beaches that this community offers. Launch your kayak from Corliss Landing (4/10 of a mile away) or play at the playground at Brown's Field and Pond, also nearby (2/10 of a mile).
Unit Size
1,091 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$335
Property Type
House
Property Taxes
$328
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 #72348494)

Price History

Date / Event Date Event Price
Sep 28, 2018 Sold
Premium
Sold
Jun 19, 2018 Listed by Sagan Harborside Sotheby's International Realty $365,000
Listed by Sagan Harborside Sotheby's International Realty
Oct 9, 2013 Sold
Premium
Sold
Aug 6, 2013 Listed by Sagan Harborside Sotheby's International Realty $269,000
Listed by Sagan Harborside Sotheby's International Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 1
  • 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: 659
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,170
  • Total Building Area: 1,091
  • Gross Building Area: 1,909
  • Building Area: 1,091
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,091
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • 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:0103 B:0041 L:0000
  • Block: 41
  • Municipality: GLOUCESTER
  • Latitude: 42.6304
  • Longitude: -70.6801

    Address

  • Full Address: 16 Wheeler St
  • Address - House Number: 16
  • Address - Street Name: Wheeler
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1618
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $479,900

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 540,383
  • High Value: 640,425
  • Low Value: 440,341

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $493,200
  • Assessed Land Value: $191,700
  • Assessed Improvements Value: $301,500

    Sales

  • Current Sale Recording Date: Sep 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180928004890
  • Previous Sale Recording Date: Oct 09, 2013
  • Previous Sale Amount: $267,000
  • Previous Sale Document Type: O
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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1949 ft²

Average Home Age

77.5 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# 72348494

Frequently Asked Questions

When was property at 16 Wheeler Street built and last sold?
The property at 16 Wheeler Street was built in 1900 and last sold on Jan 1, 1970 for $355,000.
How much is this home worth?
The estimated value of the home located at 16 Wheeler Street is $374,526.
What are some comparable homes to 16 Wheeler Street?
There are currently no comparable homes to 16 Wheeler Street.
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