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Gloucester 01930
2 Great Hill Road
Photo of 2 Great Hill Road
Sold on Jun 5, 2025

11

Map

Photo of 2 Great Hill Road
Photo of 2 Great Hill Road
$280,000
● House - Off Market

2 Great Hill Road

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
832 Ft²
$2,160
Est. Monthly
7.30%
Cap Rate

About This Property

Builders, Investors, flippers! Take in all West Gloucester has to offer and build your dream home between the existing building envelope and the houses on the neighboring properties. This property is situated on a 10,000 square foot wooded lot on a private road in West Gloucester. Close to Walker's creek, the perfect place to launch kayaks and paddle boards and head over to Wingaersheek Beach or Conomo Point. Easy access to 133 and 128, short distance from West Gloucester train station, shops, trails and beaches. Property is being sold AS-IS. Buyers to do due diligence. Please do not walk the property without list agent.
Unit Size
832 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$451
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1920

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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 #73318066)

Price History

Date / Event Date Event Price
Jun 5, 2025 Sold
Premium
Sold
Apr 7, 2025 In contract -
In contract
Dec 6, 2024 Listed $375,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 10,000
  • Total Building Area: 832
  • Gross Building Area: 1,364
  • Building Area: 832
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 832
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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-40

Geography

  • Parcel: GLOU M:0240 B:0039 L:0000
  • Block: 39
  • Municipality: GLOUCESTER
  • Latitude: 42.6341
  • Longitude: -70.7324

    Address

  • Full Address: 2 Great Hill Rd
  • Address - House Number: 2
  • Address - Street Name: Great Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C010
  • 4-Digit Zip Code: 6300
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $381,700

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 466,996
  • High Value: 525,570
  • Low Value: 408,422

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $392,300
  • Assessed Land Value: $175,500
  • Assessed Improvements Value: $216,800
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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73318066

Frequently Asked Questions

When was property at 2 Great Hill Road built and last sold?
The property at 2 Great Hill Road was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Great Hill Road is $0.
What are some comparable homes to 2 Great Hill Road?
There are currently no comparable homes to 2 Great Hill Road.
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