For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Gloucester 01930
16R Spring Street
$495,000
● House - Off Market

16R Spring Street

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
848 Ft²
$2,774
Est. Monthly

About This Property

Tucked away off a side street in a spot that has restaurants, Gloucester Harbor, summer concerts at Harbor Loop, the Library and lots more nearby. The MBTA station is only a little more than half a mile away. This year round home has three bedrooms, but the one on the first floor would make a great office if you work from home and currently works as a guest room.  The newer wrap around porch overlooks the fenced yard and there's a patio perfect for enjoying the outside.  The full bath has beautiful tile and was renovated in 2023. This home is bright and cheery the minute you come in the front door.  Many updates.  The first floor circles around to offer another access to the porch and yard.  You'll be glad to come home to this property after a long day, put your feet up and be glad you live where you live.
Unit Size
848 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$587
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1900

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #73174031)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Dec 11, 2023 In contract -
In contract
Nov 11, 2023 Relisted $440,000
Relisted
Nov 2, 2023 In contract -
In contract
Oct 25, 2023 Listed by RE/MAX 360 $498,000
Listed by RE/MAX 360
Show More

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: 15
  • Exterior Walls Type: 18
  • 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: 320
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,030
  • Total Building Area: 848
  • Gross Building Area: 1,688
  • Building Area: 848
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 848
  • 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: 221500

Zoning

  • Zoning: NB

Geography

  • Parcel: GLOU M:0012 B:0052 L:0000
  • Block: 52
  • Municipality: GLOUCESTER
  • Latitude: 42.6162
  • Longitude: -70.657

    Address

  • Full Address: 16r Spring St
  • Address - House Number: 16r
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C011
  • 4-Digit Zip Code: 3733
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $430,300

    Appraisal Valuation

  • Standard Deviation: 0.1836
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 481,746
  • High Value: 570,231
  • Low Value: 393,261

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $442,200
  • Assessed Land Value: $113,100
  • Assessed Improvements Value: $329,100

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Dec 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 648858
  • Previous Sale Recording Date: Apr 30, 2021
  • Previous Sale Contract Date: Apr 30, 2021
  • Previous Sale Amount: $440,000
  • 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

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73174031

Frequently Asked Questions

When was property at 16R Spring Street built and last sold?
The property at 16R Spring Street was built in 1900 and last sold on Dec 28, 2023 for $495,000.
How much is this home worth?
The estimated value of the home located at 16R Spring Street is $492,212.
What are some comparable homes to 16R Spring Street?
There are currently no comparable homes to 16R Spring Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Gloucester Homes for Sale
Gloucester Houses for Sale
Gloucester Condos for Sale
Gloucester Townhouses for Sale
Gloucester Multifamily for Sale
Gloucester Land for Sale
Gloucester Commercial for Sale
Gloucester Homes with Basements
Nearby Cities
Lynn Homes for Sale
Salem Homes for Sale
Beverly Homes for Sale
Newburyport Homes for Sale
Danvers Homes for Sale
Marblehead Homes for Sale
Swampscott Homes for Sale
Rockport Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Suffolk County, MA Property Records
Rockingham County, NH Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Strafford County, NH Property Records
Plymouth County, MA Property Records
Hillsborough County, NH Property Records
Neighborhoods
Peabody Town Center Real Estate
Salem Neck Real Estate
North Salem Real Estate
Downtown Salem Real Estate
Federal Street Real Estate
Nearby Counties
Lynn Homes for Sale
Salem Homes for Sale
Beverly Homes for Sale
Newburyport Homes for Sale
Danvers Homes for Sale
Marblehead Homes for Sale
Swampscott Homes for Sale
Ipswich Homes for Sale
Top Real Estate Agents
Top Agents in Gloucester
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970
Top Agents in Beverly
Top Agents in Beverly