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Gloucester 01930
166 Magnolia Avenue
$415,000
● House - Off Market

166 Magnolia Avenue

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$711,960
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Charming Cape built in 2004 with many recent updates.  Set back on street on wooded, private lot, complete with mature landscaping, large yard, vegetable garden, granite walls and babbling brook.  Living room opens to sun-filled kitchen with granite island, stainless steel appliances and white cabinets.  Dining room, bedroom and full bath complete the first floor.  Wonderful master bedroom with sitting area, built-in drawers and skylights, full bath with Jacuzzi tub and stall shower, bedroom and office finish the second floor.  Hardwood floors throughout, huge deck and walkout basement.  Great location only a short distance to Magnolia Village, Wingaersheek and Magnolia beaches, commuter rail and highway access!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$267
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
2005

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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: 5 months ago (MLSPIN #71813950)

Price History

Date / Event Date Event Price
Jun 12, 2015 Sold
Premium
Sold
Apr 8, 2015 Listed by J. Barrett & Company $399,900
Listed by J. Barrett & Company
Dec 18, 2003 Sold
Premium
Sold
Jun 13, 2003 Listed by J. Barrett & Company $199,900
Listed by J. Barrett & Company
Dec 27, 2000 Sold
Premium
Sold
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,377
  • Total Building Area: 1,296
  • Gross Building Area: 3,184
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000674
  • 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:0058 L:0000
  • Block: 58
  • Municipality: GLOUCESTER
  • Latitude: 42.5931
  • Longitude: -70.7173

    Address

  • Full Address: 166 Magnolia Ave
  • Address - House Number: 166
  • 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: $614,300

    Appraisal Valuation

  • Standard Deviation: 0.1595
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 702,965
  • High Value: 815,142
  • Low Value: 590,787

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,300
  • Assessed Land Value: $211,600
  • Assessed Improvements Value: $419,700

    Sales

  • Current Sale Recording Date: Jun 12, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 704
  • Previous Sale Recording Date: Dec 18, 2003
  • Previous Sale Amount: $188,000
  • 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

$444

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1993 ft²

Average Home Age

80.7 years

Currently For Sale

93 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: 5 months ago
Data Source: MLS PIN, MLS# 71813950

Frequently Asked Questions

When was property at 166 Magnolia Avenue built and last sold?
The property at 166 Magnolia Avenue was built in 2005 and last sold on Jan 1, 1970 for $415,000.
How much is this home worth?
The estimated value of the home located at 166 Magnolia Avenue is $423,518.
What are some comparable homes to 166 Magnolia Avenue?
There are currently no comparable homes to 166 Magnolia Avenue.
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