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Gloucester 01930
16-R Exchange St
$386,200
● House - Off Market

16-R Exchange St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,207 Ft²
$493,105
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

This house won't disappoint. Perfectly updated and ready to move in. Large spacious rooms. 1st floor laundry. new windows. Off street parking. Walk to commuter rail. Close to beaches and shops. Bonus rooms in heated 3rd floor **NO SHOWINGS UNTIL OPEN HOUSE SUNDAY JUNE 28th FROM 11-1. ONLY 1 PARTY WILL BE ALLOWED IN HOUSE AT A TIME. PLEASE WAIT FOR AGENT TO CALL YOU IN. NO APPOINTMENTS FOR OPEN HOUSE. PARTY WILL BE LET IN BASED ON WHEN THEY ARRIVE. IF YOU CAN'T MAKE OPEN HOUSE PLEASE BOOK SHOWINGS THROUGH SHOWINGTIME AFTER OPEN HOUSE AND ALL DAY MONDAY AND TUESDAY. OFFERS DUE TUESDAY JUNE 30th AT 5PM.
Unit Size
1,207 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$298
Property Type
House
Property Taxes
$271
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: 5 years ago (MLSPIN #72681016)

Price History

Date / Event Date Event Price
Aug 7, 2020 Sold
Premium
Sold
Jun 18, 2020 Listed by Lyv Realty $360,000
Listed by Lyv Realty
Feb 27, 2020 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,058
  • Total Building Area: 1,383
  • Gross Building Area: 2,356
  • Building Area: 1,383
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,383
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • 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: 221700

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0017 B:0134 L:0000
  • Block: 134
  • Municipality: GLOUCESTER
  • Latitude: 42.6167
  • Longitude: -70.671

    Address

  • Full Address: 16r Exchange St
  • Address - House Number: 16r
  • Address - Street Name: Exchange
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C032
  • 4-Digit Zip Code: 3420
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $450,400

    Appraisal Valuation

  • Standard Deviation: 0.1836
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 539,911
  • High Value: 639,080
  • Low Value: 440,742

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $462,900
  • Assessed Land Value: $113,200
  • Assessed Improvements Value: $349,700

    Sales

  • Current Sale Contract Date: Aug 04, 2020
  • Current Sale Recording Date: Aug 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200807005610
  • Previous Sale Recording Date: Feb 27, 2020
  • Previous Sale Contract Date: Feb 26, 2020
  • Previous Sale Amount: $200,000
  • 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:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1928 ft²

Average Home Age

77.9 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: 5 years ago
Data Source: MLS PIN, MLS# 72681016

Frequently Asked Questions

When was property at 16R Exchange Street built and last sold?
The property at 16R Exchange Street was built in 1900 and last sold on Aug 4, 2020 for $386,200.
How much is this home worth?
The estimated value of the home located at 16R Exchange Street is $0.
What are some comparable homes to 16R Exchange Street?
There are currently no comparable homes to 16R Exchange Street.
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