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Gloucester 01930
22 Coles Island Road
Photo of 22 Coles Island Road
Sold on Jun 27, 2011

1

Map

$2,450,000
● House - Off Market

22 Coles Island Road

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,907 Ft²
$6,220,384
RealtyHop Estimate
118.26%
Since Jul 1, 2011
National-US
Primary Model

About This Property

Cedar Crest--Private, exclusive estate setting with spectacular ocean views from this spacious 5,000 s.f. Shingle-Style Home situated on 6.9 acres overlooking Essex Bay, Crane's Beach, Hog Island, Isle of Shoals and Mt. Agamenticus.  This exquisite home has many features including 5 fireplaces, formal living and dining rooms, sunroom w/radiant heat,  2-car garage & detached 2-car carriage house, cherry paneled study w/fireplace &/weather station, butler's pantry,  generator,  & private well.
Unit Size
4,907 Ft²
Days on Market
-
Land Size
6.97 acres
Price per sqft
$581
Property Type
House
Property Taxes
$1,513
HOA Dues
-
Year Built
1999

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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: 5 months ago (MLSPIN #71121344)

Price History

Date / Event Date Event Price
Jun 27, 2011 Sold
Premium
Sold
Aug 10, 2010 Listed by Coldwell Banker Residential Brokerage - Gloucester $2,850,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Mar 30, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,702
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 303,613
  • Total Building Area: 5,639
  • Gross Building Area: 12,755
  • Building Area: 5,639
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,639
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARCEL 11-2
  • Land Acres: 0000006970
  • 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: 221902

Zoning

  • Zoning: R-80

Geography

  • Parcel: GLOU M:0247 B:0039 L:0000
  • Block: 39
  • Municipality: GLOUCESTER
  • Latitude: 42.6429
  • Longitude: -70.715

    Address

  • Full Address: 22 Coles Island Rd
  • Address - House Number: 22
  • Address - Street Name: Coles Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C010
  • 4-Digit Zip Code: 1507
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,580,500

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,176,483
  • High Value: 2,523,398
  • Low Value: 1,829,568

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,652,100
  • Assessed Land Value: $1,196,600
  • Assessed Improvements Value: $1,455,500

    Sales

  • Current Sale Recording Date: Jun 27, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 30, 2000
  • Previous Sale Amount: $350,000
  • 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

1928 ft²

Average Home Age

77.9 years

Currently For Sale

90 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71121344

Frequently Asked Questions

When was property at 22 Cole's Island Road built and last sold?
The property at 22 Cole's Island Road was built in 1999 and last sold on Jan 1, 1970 for $2,450,000.
How much is this home worth?
The estimated value of the home located at 22 Cole's Island Road is $2,833,063.
What are some comparable homes to 22 Cole's Island Road?
There are currently no comparable homes to 22 Cole's Island Road.
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