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Gloucester 01930
20 Riggs Point Road
$195,000
● House - Off Market

20 Riggs Point Road

Gloucester, MA 01930
bedrooms
1 Bed
bathrooms
1 Bath
square feet
600 Ft²
$561,290
RealtyHop Estimate
168.56%
Since Oct 1, 2001
National-US
Primary Model

About This Property

FABULOUS VINTAGE "SUMMER CAMP" WITH VIEWS AND ACCESS TO ANNISQUAM RIVER. CITY SEWER AND CITY WATER ARE CONNECTED TO COTTAGE. GREAT DEAD END STREET. EXCELLENT OFF STREET PARKING.GREAT GET-AWAY.
Unit Size
600 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$348
Property Type
House
Property Taxes
$230
HOA Dues
-
Year Built
2005

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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 years ago (MLSPIN #30489943)

Price History

Date / Event Date Event Price
Sep 10, 2001 Sold
Premium
Sold
Mar 27, 2001 Listed $209,000
Listed
Apr 5, 1993 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 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: 8,509
  • Total Building Area: 1,818
  • Gross Building Area: 2,538
  • Building Area: 1,818
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,818
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • 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: 221100

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0112 B:0082 L:0000
  • Block: 82
  • Municipality: GLOUCESTER
  • Latitude: 42.6447
  • Longitude: -70.6758

    Address

  • Full Address: 20 Riggs Point Rd
  • Address - House Number: 20
  • Address - Street Name: Riggs Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C028
  • 4-Digit Zip Code: 1738
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $841,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 941,190
  • High Value: 1,089,856
  • Low Value: 792,525

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $864,900
  • Assessed Land Value: $300,600
  • Assessed Improvements Value: $564,300

    Sales

  • Current Sale Recording Date: Sep 10, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 73542
  • Previous Sale Recording Date: Apr 05, 1993
  • Previous Sale Amount: $156,000
  • Previous Sale Document Type: 43
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 years ago
Data Source: MLS PIN, MLS# 30489943

Frequently Asked Questions

When was property at 20 Riggs Point Road built and last sold?
The property at 20 Riggs Point Road was built in 2005 and last sold on Jan 1, 1970 for $195,000.
How much is this home worth?
The estimated value of the home located at 20 Riggs Point Road is $0.
What are some comparable homes to 20 Riggs Point Road?
There are currently no comparable homes to 20 Riggs Point Road.
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