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Gloucester 01930
19 Old Salem Road
$325,000
● Land - Off Market

19 Old Salem Road

Gloucester, MA 01930
bedrooms
Studio
bathrooms
0 Bath
$533,856
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

VERY PRIVATE! WILDLIFE ABOUNDS! Rare opportunity to purchase 13 pristine acres  and over 260 feet of frontage. Build your dream Home in an estate setting. Seasonal City/harbor views from different parts of the property which includes a charming brook with small waterfall. Privacy and quiet  bordering Ravenswood Park and Gloucester conservation land. With nature walks, hiking trails. Away from it all, yet accessible to all amenities. Stage Fort Park is just down the street,with its beaches, trails, tennis courts, playground, bandstand and of course, Gloucester Harbor, are practically at your door step. This property has it all! Approval received for a 4 bedroom home from Conservation Commission and Board of Health on a 5 acre parcel with 8 additional acres waiting to be perced.
Unit Size
-
Days on Market
-
Land Size
13.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$419
HOA Dues
-
Year Built
2021

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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 #72589958)

Price History

Date / Event Date Event Price
Feb 26, 2020 Sold
Premium
Sold
Nov 7, 2019 Listed by RE/MAX Advantage Real Estate $369,800
Listed by RE/MAX Advantage Real Estate
Jan 29, 1998 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 9
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 566,280
  • Total Building Area: 8,974
  • Gross Building Area: 12,249
  • Building Area: 8,974
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 8,974
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000013000
  • 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: 221901

Zoning

  • Zoning: R-30

Geography

  • Parcel: GLOU M:0215 B:0018 L:0000
  • Block: 18
  • Municipality: GLOUCESTER
  • Latitude: 42.6065
  • Longitude: -70.6851

    Address

  • Full Address: 19 Old Salem Rd
  • Address - House Number: 19
  • Address - Street Name: Old Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C030
  • 4-Digit Zip Code: 4026
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,949,100

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 2,136,058
  • High Value: 2,403,976
  • Low Value: 1,868,140

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,003,200
  • Assessed Land Value: $410,000
  • Assessed Improvements Value: $1,593,200

    Sales

  • Current Sale Contract Date: Jan 15, 2020
  • Current Sale Recording Date: Feb 26, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200226002230
  • Previous Sale Recording Date: Jan 29, 1998
  • Previous Sale Amount: $80,000
  • 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:

$699,900

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# 72589958

Frequently Asked Questions

When was property at 19 Old Salem Road built and last sold?
The property at 19 Old Salem Road was built in 2021 and last sold on Jan 15, 2020 for $325,000.
How much is this home worth?
The estimated value of the home located at 19 Old Salem Road is $373,498.
What are some comparable homes to 19 Old Salem Road?
There are currently no comparable homes to 19 Old Salem Road.
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