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Gloucester 01930
20 Eastern Avenue
$565,000
● House - Off Market

20 Eastern Avenue

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,539 Ft²
$573,422
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Close to everything!  This spacious, sun-filled, 3 bedroom Colonial located less than 1 mile from Good Harbor Beach with easy access to Route 128 and downtown, is ready and waiting for its newest owner!  First floor features, front to back living room, dining area/office space with sliding door to the back patio, and a phenomenal, updated eat-in kitchen opening into the family room.  This kitchen will be any chef's dream.  Upstairs you will find the primary bedroom with direct access to the full bath, and 2 more sunfilled bedrooms.  Ample parking with nice backyard and lawn. This home has so much to offer!  Don't miss the open houses this weekend.Showing start on Saturday at the open house. Offers if any are due by Tuesday at noon with a response time by Wednesday at noon.
Unit Size
1,539 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$357
Property Type
House
Property Taxes
$420
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: 4 months ago (MLSPIN #73068531)

Price History

Date / Event Date Event Price
Feb 24, 2023 Sold
Premium
Sold
Jan 11, 2023 In contract -
In contract
Jan 5, 2023 Listed by RE/MAX 360 $548,800
Listed by RE/MAX 360
Jul 31, 1997 Sold
Premium
Sold
Apr 18, 1997 Listed by RE/MAX 360 $139,900
Listed by RE/MAX 360

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 8,850
  • Total Building Area: 1,539
  • Gross Building Area: 2,361
  • Building Area: 1,539
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,539
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000203
  • 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: 221400

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0051 B:0081 L:0000
  • Block: 81
  • Municipality: GLOUCESTER
  • Latitude: 42.6187
  • Longitude: -70.651

    Address

  • Full Address: 20 Eastern Ave
  • Address - House Number: 20
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C031
  • 4-Digit Zip Code: 3002
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $541,500

    Appraisal Valuation

  • Standard Deviation: 0.1741
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 641,163
  • High Value: 752,849
  • Low Value: 529,476

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $556,500
  • Assessed Land Value: $154,600
  • Assessed Improvements Value: $401,900

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Feb 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230224001210
  • Previous Sale Recording Date: Jul 31, 1997
  • Previous Sale Amount: $139,900
  • Previous 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:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1913 ft²

Average Home Age

81.9 years

Currently For Sale

88 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: 4 months ago
Data Source: MLS PIN, MLS# 73068531

Frequently Asked Questions

When was property at 20 Eastern Avenue built and last sold?
The property at 20 Eastern Avenue was built in 1900 and last sold on Feb 24, 2023 for $565,000.
How much is this home worth?
The estimated value of the home located at 20 Eastern Avenue is $552,193.
What are some comparable homes to 20 Eastern Avenue?
There are currently no comparable homes to 20 Eastern Avenue.
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