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Gloucester 01930
18 Ledge Lane
Photo of 18 Ledge Lane
Sold on Oct 14, 2009

1

Map

$715,000
● House - Off Market

18 Ledge Lane

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,964 Ft²
$1,522,480
RealtyHop Estimate
110.00%
Since Nov 1, 2009
National-US
Primary Model

About This Property

Enjoy Salt air breezes & views from this Custom built hip roof colonial style cottage. Situated, on private hilltop location, just above Wonson's cove, w/wrap around porch & spacious rooms thru-out. Lovely foyer w/ french doors enters into front to back Living rm w/ fireplace & formal dining rm.  Tastefully decorated with hardwood floors, kitchen w/soapstone counters and cozy breakfast area. Lovely master suite w/ new elegant tiled bath, jacuzzi & sep shower. Professional landscaped lot.
Unit Size
2,964 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$245
Property Type
House
Property Taxes
$523
HOA Dues
-
Year Built
1998

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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: 5 months ago (MLSPIN #70962372)

Price History

Date / Event Date Event Price
Oct 14, 2009 Sold
Premium
Sold
Aug 17, 2009 Listed $725,000
Listed
Mar 31, 2008 Sold
Premium
Sold
Jan 7, 2008 Listed $749,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 7
  • Basement Area: 1,112
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,628
  • Total Building Area: 2,462
  • Gross Building Area: 5,246
  • Building Area: 2,462
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,462
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEDGE LANE GLOUCESTER
  • Land Acres: 0000000519
  • 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: 221300

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0083 B:0112 L:0000
  • Block: 112
  • Municipality: GLOUCESTER
  • Latitude: 42.6026
  • Longitude: -70.6532

    Address

  • Full Address: 18 Ledge Ln
  • Address - House Number: 18
  • Address - Street Name: Ledge
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4222
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,108,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,216,451
  • High Value: 1,408,595
  • Low Value: 1,024,307

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,139,600
  • Assessed Land Value: $364,800
  • Assessed Improvements Value: $774,800

    Sales

  • Current Sale Recording Date: Oct 14, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 31, 2008
  • Previous Sale Amount: $715,000
  • 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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1949 ft²

Average Home Age

77.5 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: 5 months ago
Data Source: MLS PIN, MLS# 70962372

Frequently Asked Questions

When was property at 18 Ledge Lane built and last sold?
The property at 18 Ledge Lane was built in 1998 and last sold on Jan 1, 1970 for $715,000.
How much is this home worth?
The estimated value of the home located at 18 Ledge Lane is $775,357.
What are some comparable homes to 18 Ledge Lane?
There are currently no comparable homes to 18 Ledge Lane.
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