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Gloucester 01930
164 Magnolia Avenue
$200,000
● House - Off Market

164 Magnolia Avenue

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$616,331
RealtyHop Estimate
181.43%
Since Mar 1, 2001
National-US
Primary Model

About This Property

COZY 3BR RAISED RANCH SET BACK FROM ROAD ON 1 ACRE!  EAT-IN KITCHEN W/ SLIDING DOORS TO DECK AND LARGE YARD.  WALK-OUT BASEMENT WITH HIGH CEILING HAS GREAT POTENTIAL!  GOOD STARTER HOME!  TITLE V CERTIFIED! SUBJECT TO LICENSE TO SELL
Unit Size
1,056 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$207
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
1994

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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 years ago (MLSPIN #30454180)

Price History

Date / Event Date Event Price
Feb 16, 2001 Sold
Premium
Sold
Oct 17, 2000 Listed $219,000
Listed
Apr 21, 1994 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,996
  • Total Building Area: 1,056
  • Gross Building Area: 2,302
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001010
  • 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:0057 L:0000
  • Block: 57
  • Municipality: GLOUCESTER
  • Latitude: 42.5928
  • Longitude: -70.7174

    Address

  • Full Address: 164 Magnolia Ave
  • Address - House Number: 164
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C025
  • 4-Digit Zip Code: 2353
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $516,800

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 649,674
  • High Value: 749,388
  • Low Value: 549,960

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $531,100
  • Assessed Land Value: $218,400
  • Assessed Improvements Value: $312,700

    Sales

  • Current Sale Recording Date: Feb 16, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 21, 1994
  • Previous Sale Amount: $148,000
  • 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:

$699,000

Sale Price/ft²

$448

Below Asking

0.03%

Average Days on Market

57

Average Home Size

2084 ft²

Average Home Age

77.9 years

Currently For Sale

85 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 years ago
Data Source: MLS PIN, MLS# 30454180

Frequently Asked Questions

When was property at 164 Magnolia Avenue built and last sold?
The property at 164 Magnolia Avenue was built in 1994 and last sold on Jan 1, 1970 for $200,000.
How much is this home worth?
The estimated value of the home located at 164 Magnolia Avenue is $236,304.
What are some comparable homes to 164 Magnolia Avenue?
There are currently no comparable homes to 164 Magnolia Avenue.
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