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Gloucester 01930
18 Grove St
$310,000
● House - Off Market

18 Grove St

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,159 Ft²
$369,455
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Central Gloucester 2 BR, 1.5 BA Colonial in need of updating to interior.  Handy intown location near commuter rail station and quick access to Rt. 128 and downtown Gloucester. Heated sunroom.  Nice level fenced easy to care for rear yard.  3 Car paved off street parking!  Some oak hardwood and wide pine flooring in several rooms.  Low maintenance vinyl siding.  At this price, you can afford to make improvements and still be within your budget!  FIRST TIME BUYERS COULD BE ELIGIBLE FOR UP TO $17,500 IN DOWNPAYMENT AND CLOSING COST ASSISTANCE FOR THIS HOME!
Unit Size
1,159 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$301
Property Type
House
Property Taxes
$328
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: 4 months ago (MLSPIN #73046731)

Price History

Date / Event Date Event Price
Jan 5, 2023 Sold
Premium
Sold
Nov 6, 2022 In contract -
In contract
Oct 11, 2022 Listed by North Shore's Gold Coast Realty $349,000
Listed by North Shore's Gold Coast Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 7
  • Basement Area: 380
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,790
  • Total Building Area: 1,050
  • Gross Building Area: 1,597
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • 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: 221600

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0038 B:0027 L:0000
  • Block: 27
  • Municipality: GLOUCESTER
  • Latitude: 42.6197
  • Longitude: -70.6719

    Address

  • Full Address: 18 Grove St
  • Address - House Number: 18
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C002
  • 4-Digit Zip Code: 2612
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $424,700

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 462,592
  • High Value: 550,959
  • Low Value: 374,225

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $436,500
  • Assessed Land Value: $141,400
  • Assessed Improvements Value: $295,100

    Sales

  • Current Sale Contract Date: Jan 04, 2023
  • Current Sale Recording Date: Jan 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230105000350
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

1913 ft²

Average Home Age

81.9 years

Currently For Sale

88 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: 4 months ago
Data Source: MLS PIN, MLS# 73046731

Frequently Asked Questions

When was property at 18 Grove Street built and last sold?
The property at 18 Grove Street was built in 1900 and last sold on Jan 4, 2023 for $310,000.
How much is this home worth?
The estimated value of the home located at 18 Grove Street is $361,788.
What are some comparable homes to 18 Grove Street?
There are currently no comparable homes to 18 Grove Street.
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