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Gloucester 01930
22 Butman Ave
$475,000
● House - Off Market

22 Butman Ave

Gloucester, MA 01930
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,822 Ft²
$758,325
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Enjoy the amazing sunsets of Lanesville!  With close proximity to Lane's Cove, Plum Cove Beach, cafes & shopping, you can immerse yourself in the Lanesville lifestyle.  Use this home as an expansive Single Family home on corner lot or take advantage of the versatile floor plan and have an in-law suite.   Large eat-in kitchen with pantry, stainless steel appliances and lots of prep space for cooking.  Beautiful hardwood floors, French doors and three season sun room add to this home's charm.  Ample size yard with over sized shed that has been converted as a she shed/man cave and plenty of off street parking.
Unit Size
2,822 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$177
Property Type
House
Property Taxes
$570
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 #72409084)

Price History

Date / Event Date Event Price
Jan 8, 2019 Sold
Premium
Sold
Oct 6, 2018 Listed by RE/MAX Advantage Real Estate $499,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 7
  • Basement Area: 944
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,090
  • Total Building Area: 2,448
  • Gross Building Area: 4,192
  • Building Area: 2,448
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,448
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000301
  • 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:0151 B:0020 L:0000
  • Block: 20
  • Municipality: GLOUCESTER
  • Latitude: 42.6804
  • Longitude: -70.6511

    Address

  • Full Address: 22 Butman Ave
  • Address - House Number: 22
  • Address - Street Name: Butman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C020
  • 4-Digit Zip Code: 1006
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $708,200

    Appraisal Valuation

  • Standard Deviation: 0.1595
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 755,377
  • High Value: 875,919
  • Low Value: 634,836

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $727,900
  • Assessed Land Value: $246,100
  • Assessed Improvements Value: $481,800

    Sales

  • Current Sale Contract Date: Jan 08, 2019
  • Current Sale Recording Date: Jan 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190108003080
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72409084

Frequently Asked Questions

When was property at 22 Butman Avenue built and last sold?
The property at 22 Butman Avenue was built in 1900 and last sold on Jan 8, 2019 for $475,000.
How much is this home worth?
The estimated value of the home located at 22 Butman Avenue is $502,825.
What are some comparable homes to 22 Butman Avenue?
There are currently no comparable homes to 22 Butman Avenue.
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