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Gloucester 01930
22 Andrews Street
$500,000
● House - Off Market

22 Andrews Street

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,180 Ft²
$880,531
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

"Inchcape" is an enticing three-level antique cottage overlooking unspoiled Lanes Cove. Every room frames views of the picturesque cove, Ipswich Bay, ocean sunsets and the magnificent granite breakwater.  Lanes Cove is a sanctuary for local lobster and pleasure boats.  The sounds of laughter bubble as neighbors chat, dogs and people swim, and kayakers leisurely paddle. Inchcape is used seasonally but could be a year-round residence. Under one hour to Boston.  Being Sold 'As Is '
Unit Size
1,180 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$508
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1875

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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 #72490441)

Price History

Date / Event Date Event Price
Jun 27, 2019 Sold
Premium
Sold
Apr 30, 2019 Listed by Churchill Properties $599,000
Listed by Churchill Properties
Jun 9, 1989 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1875
  • Effective Year Built: 1875
  • 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: 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: 190
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,444
  • Total Building Area: 865
  • Gross Building Area: 1,662
  • Building Area: 865
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 865
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000079
  • 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-20

Geography

  • Parcel: GLOU M:0142 B:0050 L:0000
  • Block: 50
  • Municipality: GLOUCESTER
  • Latitude: 42.6795
  • Longitude: -70.6582

    Address

  • Full Address: 22 Andrews St
  • Address - House Number: 22
  • Address - Street Name: Andrews
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C020
  • 4-Digit Zip Code: 1102
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $619,100

    Appraisal Valuation

  • Standard Deviation: 0.2192
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 743,365
  • High Value: 906,374
  • Low Value: 580,356

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $636,300
  • Assessed Land Value: $332,500
  • Assessed Improvements Value: $303,800

    Sales

  • Current Sale Contract Date: Jun 20, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190627003900
  • Previous Sale Recording Date: Jun 09, 1989
  • Previous Sale Amount: $175,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72490441

Frequently Asked Questions

When was property at 22 Andrews Street built and last sold?
The property at 22 Andrews Street was built in 1875 and last sold on Jun 20, 2019 for $500,000.
How much is this home worth?
The estimated value of the home located at 22 Andrews Street is $598,011.
What are some comparable homes to 22 Andrews Street?
There are currently no comparable homes to 22 Andrews Street.
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