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Gloucester 01930
2 Deacon Farm Ln
Photo of 2 Deacon Farm Ln
Sold on Sep 17, 2025

20

Map

Photo of 2 Deacon Farm Ln
Photo of 2 Deacon Farm Ln
$427,500
● Land - Off Market

2 Deacon Farm Ln

Gloucester, MA 01930
bedrooms
Studio
bathrooms
0 Bath
$2,531
Est. Monthly
4.56%
Cap Rate

About This Property

Unlock the potential of this 4,750 sq. ft. barn on a .32-acre lot in one of Cape Ann's most desirable seaside neighborhoods. Fully prepped for your custom build, with underground electrical to subpanel, sewer tied into town main and integrated into the structure floor, and kitchen/bath plumbing in place. Water service is active, and a concrete slab can now be poured. The existing layout includes 1,900 sq. ft. on the main floor, 1,350 sq. ft. above, and a 1,500 sq. ft. garage. New roof on both structures, new LVLs, lally columns, and most studs sistered for strength. Moments from Goose Cove, Dogtown trails, and downtown Gloucester's beaches, arts, and rail access to Boston. A rare chance to craft your vision in an established, thoughtfully planned neighborhood.
Unit Size
-
Days on Market
-
Land Size
0.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
$272
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: 2 years ago (MLSPIN #73402055)

Price History

Date / Event Date Event Price
Sep 17, 2025 Sold
Premium
Sold
Aug 18, 2025 In contract -
In contract
Aug 13, 2025 Relisted $460,000
Relisted
Aug 6, 2025 In contract -
In contract
Jul 9, 2025 Listed by Compass $460,000
Listed by Compass

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 16
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,944
  • Total Building Area: 3,154
  • Gross Building Area: 3,154
  • Building Area: 3,154
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 14
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000320
  • Standard Land Use Code: 8016
  • County Land Use Code: 106

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221100

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0109 B:0082 L:0000
  • Block: 82
  • Municipality: GLOUCESTER
  • Latitude: 42.6357
  • Longitude: -70.6739

    Address

  • Full Address: 2 Deacon Farm Ln
  • Address - House Number: 2
  • Address - Street Name: Deacon Farm
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C028
  • 4-Digit Zip Code: 5317
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $314,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $323,500
  • Assessed Land Value: $249,600
  • Assessed Improvements Value: $73,900

    Sales

  • Current Sale Contract Date: Jul 21, 2022
  • Current Sale Recording Date: Jul 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220722001110
  • Previous Sale Recording Date: Jul 16, 2019
  • Previous Sale Contract Date: Jul 16, 2019
  • Previous Sale Amount: $938,000
  • Previous Sale Document Type: O
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

1906 ft²

Average Home Age

79.6 years

Currently For Sale

89 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: 2 years ago
Data Source: MLS PIN, MLS# 73402055

Frequently Asked Questions

When was property at 2 Deacon Farm Lane built and last sold?
The property at 2 Deacon Farm Lane was built in 1900 and last sold on Jul 21, 2022 for $190,000.
How much is this home worth?
The estimated value of the home located at 2 Deacon Farm Lane is $464,600.
What are some comparable homes to 2 Deacon Farm Lane?
There are currently no comparable homes to 2 Deacon Farm Lane.
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