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Gloucester 01930
2 Howard Road
$725,000
● House - Off Market

2 Howard Road

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,232 Ft²
$672,775
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Fabulous Wheeler's Point location with potential to nearly triple the living area! Young Cape-style home has unfinished second floor and walk-out daylight basement. Peeks of the Annisquam River with public access nearby. Floor plan designed for one-level living has open concept kitchen/dining/living with gas fireplace. Spacious master bedroom with walk-in closet, master bath and laundry plus secondary bedroom and main bath. Dormered second floor with staircase in place. Corner lot. Deck in front. City Water and Sewer. Gas in street. Buderus boiler and generator. Second zone of heat is radiant in basement floor. Not in a Flood Zone. Great opportunity to customize this home and make it shine. Open house both days. Offers, if any, will be due Tuesday at noon. Please allow 24 hours for a response.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$467
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
2007

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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 #72810808)

Price History

Date / Event Date Event Price
Jun 1, 2021 Sold
Premium
Sold
Apr 7, 2021 Listed by Compass $575,000
Listed by Compass

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,232
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,124
  • Gross Building Area: 4,848
  • Building Area: 2,124
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,124
  • 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: 221800

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0099 B:0064 L:0000
  • Block: 64
  • Municipality: GLOUCESTER
  • Latitude: 42.6396
  • Longitude: -70.6799

    Address

  • Full Address: 2 Howard Rd
  • Address - House Number: 2
  • Address - Street Name: Howard
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1713
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $720,100

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 748,464
  • High Value: 878,711
  • Low Value: 618,216

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $740,100
  • Assessed Land Value: $268,400
  • Assessed Improvements Value: $471,700

    Sales

  • Current Sale Contract Date: Jun 01, 2021
  • Current Sale Recording Date: Jun 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210601006370
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: 5 years ago
Data Source: MLS PIN, MLS# 72810808

Frequently Asked Questions

When was property at 2 Howard Road built and last sold?
The property at 2 Howard Road was built in 2007 and last sold on Jun 1, 2021 for $725,000.
How much is this home worth?
The estimated value of the home located at 2 Howard Road is $595,847.
What are some comparable homes to 2 Howard Road?
There are currently no comparable homes to 2 Howard Road.
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