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Gloucester 01930
199 East Main Street
Photo of 199 East Main Street
Sold on Oct 1, 2008

1

Map

$582,500
● House - Off Market

199 East Main Street

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,364 Ft²
$1,192,358
RealtyHop Estimate
99.06%
Since Nov 1, 2008
National-US
Primary Model

About This Property

East Gloucester - Water frontage - views of Smith's Cove and Harbor.  Originally built in the 1780's, this nostalgic home has old world charm, original wood floors, but the updates of convenience and ease. New plumbing, new electrical, new windows, kitchen and roof.  Additional living space in lower walk out level. Close to art galleries, restaurants, beaches, public transportation.
Unit Size
1,364 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$439
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1780

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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 #70798984)

Price History

Date / Event Date Event Price
Oct 1, 2008 Sold
Premium
Sold
Jul 29, 2008 Listed $599,000
Listed
Sep 10, 1995 Sold
Premium
Sold
Mar 8, 1991 Listed by Janet L. Johnson R. E. $169,000
Listed by Janet L. Johnson R. E.
SMITH'S COVE HARBORFRONT 2 BRS COL SPECTACU- LAR HRBR VIEWS EXPOSED BRICK FRPL SLIDING DOORS TO DOORS FROM MASTER BDRM. "ZONED FOR COMMERCIAL USE!OFFICE, RETAIL ETC".

Property Highlights

Building Info

Overview

    General

  • Year Built: 1780
  • Effective Year Built: 1780
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,300
  • Total Building Area: 1,364
  • Gross Building Area: 2,424
  • Building Area: 1,364
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,364
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARRLETT S WOODBURY
  • Land Acres: 0000000053
  • 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: MI

Geography

  • Parcel: GLOU M:0063 B:0050 L:0000
  • Block: 50
  • Municipality: GLOUCESTER
  • Latitude: 42.6089
  • Longitude: -70.6511

    Address

  • Full Address: 199 E Main St
  • Address - House Number: 199
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C004
  • 4-Digit Zip Code: 4105
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $971,200

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,065,470
  • High Value: 1,228,759
  • Low Value: 902,182

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $998,200
  • Assessed Land Value: $573,100
  • Assessed Improvements Value: $425,100

    Sales

  • Current Sale Recording Date: Oct 01, 2008
  • Current Sale Price:
    Premium
  • Current 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:

$699,000

Sale Price/ft²

$445

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2001 ft²

Average Home Age

81 years

Currently For Sale

87 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 months ago
Data Source: MLS PIN, MLS# 70798984

Frequently Asked Questions

When was property at 199 East Main Street built and last sold?
The property at 199 East Main Street was built in 1780 and last sold on Jan 1, 1970 for $582,500.
How much is this home worth?
The estimated value of the home located at 199 East Main Street is $608,764.
What are some comparable homes to 199 East Main Street?
There are currently no comparable homes to 199 East Main Street.
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