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Gloucester 01930
20 R Edgemoor Road
$1,000,000
● House - Off Market

20 R Edgemoor Road

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,796 Ft²
$1,088,866
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Estate Setting and rare find in East Gloucester. Tucked away on a rear lot, sits this lovely custom built 3 bedroom Carriage Home with 1st floor En Suite.  Located off of the famous "Back Shore", this home is a short distance to Niles Beach and Good Harbor Beach. Live near the ocean while coming home to complete privacy and enjoy the natural surroundings off your sunny back deck. Oversized custom kitchen features cathedral ceiling, skylites, corian counters, oak cabinets, stainless appliances, and  two ovens!  Summer sun shines through the many windows creating ambiance thoughout. Separate shed with electricity for creative art studio, children's playhouse and/or storage.
Unit Size
1,796 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$610
Property Type
House
Property Taxes
$784
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 #73118865)

Price History

Date / Event Date Event Price
Aug 22, 2023 Sold
Premium
Sold
Jun 27, 2023 In contract -
In contract
Jun 19, 2023 Price Decreased $1,095,000
↓ $100K (8.4%)
Price Decreased
Jun 12, 2023 Price Increased $1,195,000
↑ $100K (9.1%)
Price Increased
Jun 1, 2023 Listed by RE/MAX 360 $1,095,000
Listed by RE/MAX 360
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 7
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,762
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 64,469
  • Total Building Area: 4,491
  • Gross Building Area: 7,880
  • Building Area: 4,491
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 4,491
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001480
  • 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: RC-40

Geography

  • Parcel: GLOU M:0134 B:0011 L:0000
  • Block: 11
  • Municipality: GLOUCESTER
  • Latitude: 42.5979
  • Longitude: -70.6503

    Address

  • Full Address: 20 Edgemoor Rd
  • Address - House Number: 20
  • Address - Street Name: Edgemoor
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4213
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,906,900

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 1,133,294
  • High Value: 1,223,853
  • Low Value: 1,042,734

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,959,800
  • Assessed Land Value: $745,700
  • Assessed Improvements Value: $1,214,100

    Sales

  • Current Sale Contract Date: Sep 27, 2019
  • Current Sale Recording Date: Sep 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190930005380
  • Previous Sale Recording Date: Jul 15, 2003
  • Previous Sale Amount: $890,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73118865

Frequently Asked Questions

When was property at 20R Edgemoor Road built and last sold?
The property at 20R Edgemoor Road was built in 1900 and last sold on Sep 27, 2019 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 20R Edgemoor Road is $1,097,069.
What are some comparable homes to 20R Edgemoor Road?
There are currently no comparable homes to 20R Edgemoor Road.
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