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Gloucester 01930
164 Hesperus Ave
$499,000
● House - Off Market

164 Hesperus Ave

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,072 Ft²
$496,205
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

A delightful sun filled Cape Cod style home in desirable Magnolia a short distance to the village to enjoy your local restaurants, shops, library and neighborhood public beach. Home has been redesigned to offer an open concept with updated kitchen and baths, skylights, original Fir flooring, shiplap wainscoting, second floor bedroom suite with private bath or optional first floor bedroom. Kitchen is charming with Cathedral ceiling, exposed beams, granite countertops, stainless steel appliances and wood deck with peaks of the ocean.  Nice sunny backyard with vegetable garden and storage shed. Well cared for and maintained, nice walk-out full basement.  Room for expansion by addition or second floor dormers may enhance ocean views. Walk to Raffe's Chasm oceanfront Conservation area.
Unit Size
1,072 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$465
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
1946

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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 #73128371)

Price History

Date / Event Date Event Price
Aug 9, 2023 Sold
Premium
Sold
Jun 28, 2023 In contract -
In contract
Jun 22, 2023 Listed by Holly C & Co. Fine Homes $499,000
Listed by Holly C & Co. Fine Homes
Jun 13, 2011 Sold
Premium
Sold
Feb 4, 2011 Listed by Holly C & Co. Fine Homes $289,000
Listed by Holly C & Co. Fine Homes
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Total Building Area: 907
  • Gross Building Area: 2,214
  • Building Area: 907
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 907
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA
  • Land Acres: 0000000193
  • 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-20

Geography

  • Parcel: GLOU M:0189 B:0020 L:0000
  • Block: 20
  • Municipality: GLOUCESTER
  • Latitude: 42.578
  • Longitude: -70.7062

    Address

  • Full Address: 164 Hesperus Ave
  • Address - House Number: 164
  • Address - Street Name: Hesperus
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C018
  • 4-Digit Zip Code: 5242
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $479,700

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 520,187
  • High Value: 610,532
  • Low Value: 429,843

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $493,000
  • Assessed Land Value: $219,700
  • Assessed Improvements Value: $273,300

    Sales

  • Current Sale Contract Date: Aug 09, 2023
  • Current Sale Recording Date: Aug 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230809001350
  • Previous Sale Recording Date: Jun 13, 2011
  • Previous Sale Amount: $275,000
  • 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:

$699,900

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73128371

Frequently Asked Questions

When was property at 164 Hesperus Avenue built and last sold?
The property at 164 Hesperus Avenue was built in 1946 and last sold on Aug 9, 2023 for $499,000.
How much is this home worth?
The estimated value of the home located at 164 Hesperus Avenue is $500,679.
What are some comparable homes to 164 Hesperus Avenue?
There are currently no comparable homes to 164 Hesperus Avenue.
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