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Gloucester 01930
2 Dune Ln.
$1,850,000
● House - Off Market

2 Dune Ln.

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,627 Ft²
$2,300,430
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Rare Opportunity! Ocean views from this spacious home in the Private section of Wingaersheek Beach!  Enjoy summer breezes, beautiful sunrises/sunsets and cookouts from this quintessential beach home located steps to Private Coffins Beach and the Wingaersheek public beach. Plenty of space for the whole family with 4+ bedrooms, large entertaining space and oversized deck with access from each room on the main level overlooking the Ocean. Ample parking for all your guests with space for 15+ cars. Other features include, finished 3rd level, outdoor shower, fireplace and a 4 bedroom septic. Enjoy summer evenings at home or in Downtown Gloucester with an abundance of great dining and shopping options. Winagaersheek offers an unbelievable beach experience! Come home to the beach and Relax!
Unit Size
1,627 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$1,137
Property Type
House
Property Taxes
$886
HOA Dues
-
Year Built
1977

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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: 5 years ago (MLSPIN #72774953)

Price History

Date / Event Date Event Price
Mar 10, 2021 Sold
Premium
Sold
Jan 14, 2021 Listed by Liberty Residential Realty, LLC $1,850,000
Listed by Liberty Residential Realty, LLC
Sep 30, 2020 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • 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: 11,139
  • Total Building Area: 2,851
  • Gross Building Area: 5,238
  • Building Area: 2,851
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 2,851
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000256
  • 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: 221902

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0256 B:0035 L:0000
  • Block: 35
  • Municipality: GLOUCESTER
  • Latitude: 42.6542
  • Longitude: -70.6914

    Address

  • Full Address: 2 Dune Ln
  • Address - House Number: 2
  • Address - Street Name: Dune
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1441
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,695,200

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 2,009,894
  • High Value: 2,340,838
  • Low Value: 1,678,950

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,742,200
  • Assessed Land Value: $1,147,900
  • Assessed Improvements Value: $594,300

    Sales

  • Current Sale Contract Date: Mar 10, 2021
  • Current Sale Recording Date: Mar 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210310002900
  • Previous Sale Recording Date: Sep 30, 2020
  • Previous Sale Contract Date: Sep 25, 2020
  • Previous Sale Amount: $1,225,000
  • 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

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

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72774953

Frequently Asked Questions

When was property at 2 Dune Lane built and last sold?
The property at 2 Dune Lane was built in 1977 and last sold on Mar 10, 2021 for $1,850,000.
How much is this home worth?
The estimated value of the home located at 2 Dune Lane is $0.
What are some comparable homes to 2 Dune Lane?
There are currently no comparable homes to 2 Dune Lane.
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