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Gloucester 01930
167-R Magnolia Ave
$142,500
● House - Off Market

167-R Magnolia Ave

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,202 Ft²
$286,761
RealtyHop Estimate
79.23%
Since Dec 1, 2007
National-US
Primary Model

About This Property

Live in Magnolia area on 41,712 sf wooded lot,with existing 1,202 sf house,three bedrooms, one bath with fireplace. The house is a tear down or complete rehab.inside and outside. Approved three bedroom repair septic design from BOH.  Buyer may be able to rebuild from ground, with approval from city. Selling the house and lot in a "as is" condition. Propane gas tank is owned by Eastern Propane Co. and leased to the owner. Buyer will be responsible for installation of septic system. Assessment TB
Unit Size
1,202 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$133
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988

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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 years ago (MLSPIN #70560171)

Price History

Date / Event Date Event Price
Apr 6, 2018 Sold
Premium
Sold
Nov 29, 2007 Sold
Premium
Sold
Apr 12, 2007 Listed by Holly C & Co. Fine Homes $160,000
Listed by Holly C & Co. Fine Homes

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 2
  • 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: 1,104
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,000
  • Total Building Area: 1,104
  • Gross Building Area: 2,968
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000574
  • 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:0022 L:0000
  • Block: 22
  • Municipality: GLOUCESTER
  • Latitude: 42.5926
  • Longitude: -70.7162

    Address

  • Full Address: 167 Magnolia Ave
  • Address - House Number: 167
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C025
  • 4-Digit Zip Code: 5139
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $514,600

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 560,634
  • High Value: 662,494
  • Low Value: 458,775

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,900
  • Assessed Land Value: $209,500
  • Assessed Improvements Value: $319,400

    Sales

  • Current Sale Recording Date: Apr 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 180406004090
  • Previous Sale Recording Date: May 12, 2015
  • 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: 5 years ago
Data Source: MLS PIN, MLS# 70560171

Frequently Asked Questions

When was property at 167 Magnolia Avenue built and last sold?
The property at 167 Magnolia Avenue was built in 1988 and last sold on Jan 1, 1970 for $312,500.
How much is this home worth?
The estimated value of the home located at 167 Magnolia Avenue is $184,688.
What are some comparable homes to 167 Magnolia Avenue?
There are currently no comparable homes to 167 Magnolia Avenue.
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