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Gloucester 01930
201 East Main Street
$300,000
● House - Off Market

201 East Main Street

Gloucester, MA 01930
bedrooms
1 Bed
bathrooms
1 Bath
square feet
455 Ft²
$512,138
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Waterfront property with direct access to Gloucester Harbor.  Enjoy beautiful views of the sun setting over Smith Cove from your covered deck of this charming studio style cottage   Launch kayaks and SUPs from your home and stroll to beaches, restaurants, art galleries, theater, and Bass Rocks Golf Club.  Newly painted with updated kitchen and bath, this home checks all the boxes with amenities too numerous to list.  A perfect getaway or year round home with built in air conditioning and vented skylight as well as wood-burning fireplace and forced-air gas heating system.  A truly unique offering once owned by renowned artist, Emile Gruppe.
Unit Size
455 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$701
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1915

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #72161980)

Price History

Date / Event Date Event Price
Jun 28, 2017 Sold
Premium
Sold
May 10, 2017 Listed by J. Barrett & Company $319,000
Listed by J. Barrett & Company
Aug 1, 2014 Sold
Premium
Sold
Apr 17, 2014 Listed by J. Barrett & Company $299,000
Listed by J. Barrett & Company

Property Highlights

Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • 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: 600
  • Total Building Area: 455
  • Gross Building Area: 539
  • Building Area: 455
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 455
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000014
  • 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: 221300

Zoning

  • Zoning: MI

Geography

  • Parcel: GLOU M:0063 B:0052 L:0000
  • Block: 52
  • Municipality: GLOUCESTER
  • Latitude: 42.6087
  • Longitude: -70.6511

    Address

  • Full Address: 201 E Main St
  • Address - House Number: 201
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C004
  • 4-Digit Zip Code: 4105
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $438,900

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 474,651
  • High Value: 551,151
  • Low Value: 398,150

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $451,100
  • Assessed Land Value: $360,200
  • Assessed Improvements Value: $90,900

    Sales

  • Current Sale Recording Date: Jun 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 404
  • Previous Sale Recording Date: Aug 01, 2014
  • Previous Sale Amount: $220,000
  • 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:

$699,000

Sale Price/ft²

$448

Below Asking

0.03%

Average Days on Market

57

Average Home Size

2084 ft²

Average Home Age

77.9 years

Currently For Sale

85 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: 6 months ago
Data Source: MLS PIN, MLS# 72161980

Frequently Asked Questions

When was property at 201 East Main Street built and last sold?
The property at 201 East Main Street was built in 1915 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 201 East Main Street is $314,002.
What are some comparable homes to 201 East Main Street?
There are currently no comparable homes to 201 East Main Street.
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