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Gloucester 01930
18 Rackliffe St
$1,750,000
● House - Off Market

18 Rackliffe St

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,591 Ft²
$2,002,772
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Have you ever dreamed of owning a waterfront home on Rocky Neck?  Now is your chance.  Few locations can offer the lifestyle that 18 Rackliffe Street offers.  Come see for yourself this charming Colonial cottage with great curb appeal directly on Wonson Cove.  Stunning sunsets, boating and swimming are all yours directly from the back yard.  Fine restaurants and night life, quaint art galleries, outstanding live theatre at Gloucester Stage Company and Niles Beach are all a short stroll away.  This property is being sold 'as is' and with your vision and renovations this cottage has the potential to become the waterfront home of your dreams.  Showings will be by appointment Friday May 28 from 11:00 to 1:00. Call list agent.
Unit Size
3,591 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$487
Property Type
House
Property Taxes
$1,559
HOA Dues
-
Year Built
1926

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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 years ago (MLSPIN #72832911)

Price History

Date / Event Date Event Price
Aug 13, 2021 Sold
Premium
Sold
May 17, 2021 Listed by J. Barrett & Company $1,750,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: 1,315
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,376
  • Total Building Area: 3,591
  • Gross Building Area: 7,829
  • Building Area: 3,591
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,591
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000284
  • 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-10

Geography

  • Parcel: GLOU M:0130 B:0026 L:0000
  • Block: 26
  • Municipality: GLOUCESTER
  • Latitude: 42.6039
  • Longitude: -70.6576

    Address

  • Full Address: 18 Rackliffe St
  • Address - House Number: 18
  • Address - Street Name: Rackliffe
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C004
  • 4-Digit Zip Code: 4151
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,046,300

    Appraisal Valuation

  • Standard Deviation: 0.1512
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 81
  • Final Value: 2,214,156
  • High Value: 2,548,951
  • Low Value: 1,879,362

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,103,100
  • Assessed Land Value: $1,439,600
  • Assessed Improvements Value: $663,500

    Sales

  • Current Sale Contract Date: Aug 13, 2021
  • Current Sale Recording Date: Aug 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210813003580
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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72832911

Frequently Asked Questions

When was property at 18 Rackliffe Street built and last sold?
The property at 18 Rackliffe Street was built in 1926 and last sold on Aug 13, 2021 for $1,750,000.
How much is this home worth?
The estimated value of the home located at 18 Rackliffe Street is $0.
What are some comparable homes to 18 Rackliffe Street?
There are currently no comparable homes to 18 Rackliffe Street.
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