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Gloucester 01930
18 Fair St
$559,000
● House - Off Market

18 Fair St

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,323 Ft²
$535,638
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

BUYERS BACKED OUT BECAUSE OF FINANCING!  Rare 4 bedroom, 2.5 bath updated home with additional office area with private entrance.  Minutes from Gloucester Harbor, Good Harbor Beach and the New East Veterans School.  The fenced in yard provides plenty of privacy for entertaining and space for gardening. Office, first floor bedroom and 3/4 bath was once an in-law apartment but since converted back to a single family.  Plumbing was left in walls and could be easily converted back with proper city permits.  Buyer agent to do due diligence. Updated heating system, replacement windows, electrical along with remodeled kitchen and all 3 bathrooms.  Move Right In! FIRST SHOWINGS SUNDAY 7/30/23. 11AM-1PM
Unit Size
1,323 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$407
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73130717)

Price History

Date / Event Date Event Price
Sep 15, 2023 Sold
Premium
Sold
Aug 6, 2023 In contract -
In contract
Jul 25, 2023 Relisted $309,000
Relisted
Jul 6, 2023 In contract -
In contract
Jun 29, 2023 Listed by J. Barrett & Company $539,000
Listed by J. Barrett & Company
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 7
  • Basement Area: 550
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,560
  • Total Building Area: 1,323
  • Gross Building Area: 2,148
  • Building Area: 1,323
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,323
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000128
  • 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: 221400

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0047 B:0045 L:0000
  • Block: 45
  • Municipality: GLOUCESTER
  • Latitude: 42.6189
  • Longitude: -70.6507

    Address

  • Full Address: 18 Fair St
  • Address - House Number: 18
  • Address - Street Name: Fair
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C011
  • 4-Digit Zip Code: 3075
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $478,200

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 568,275
  • High Value: 673,481
  • Low Value: 463,070

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $491,500
  • Assessed Land Value: $134,900
  • Assessed Improvements Value: $356,600

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230915003070
  • Previous Sale Recording Date: Jul 10, 2015
  • Previous Sale Amount: $284,500
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73130717

Frequently Asked Questions

When was property at 18 Fair Street built and last sold?
The property at 18 Fair Street was built in 1900 and last sold on Sep 15, 2023 for $559,000.
How much is this home worth?
The estimated value of the home located at 18 Fair Street is $535,941.
What are some comparable homes to 18 Fair Street?
There are currently no comparable homes to 18 Fair Street.
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