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Gloucester 01930
23 Marina Drive
$525,000
● House - Off Market

23 Marina Drive

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,064 Ft²
$571,648
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

This home has been loved by the same family for 56 years, now it is YOUR turn to make this fabulous location yours.  Hardwood floors under carpet on first floor.  Superb location, less than a mile to Good Harbor Beach, Route 128, shopping, Rocky Neck, Long Beach, Niles Beach & restaurants are close by.  Marina Drive is tucked away on a small street in East Gloucester in great neighborhood. If golfing or tennis is your love, Bass Rocks Golf Club is around the corner.  The BEST Beach in Gloucester - Good Harbor Beach - is LESS than a mile away. Year round or vacations - you can not beat this location.
Unit Size
1,064 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$469
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1965

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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: 5 years ago (MLSPIN #72867682)

Price History

Date / Event Date Event Price
Mar 4, 2024 Sold
Premium
Sold
Aug 30, 2021 Sold
Premium
Sold
Jul 19, 2021 Listed by Coldwell Banker Realty - Beverly $499,500
Listed by Coldwell Banker Realty - Beverly

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 504
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,880
  • Total Building Area: 1,064
  • Gross Building Area: 1,978
  • Building Area: 1,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000135
  • 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: R-10

Geography

  • Parcel: GLOU M:0185 B:0123 L:0000
  • Block: 123
  • Municipality: GLOUCESTER
  • Latitude: 42.6225
  • Longitude: -70.6419

    Address

  • Full Address: 23 Marina Dr
  • Address - House Number: 23
  • Address - Street Name: Marina
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C008
  • 4-Digit Zip Code: 3144
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $510,500

    Appraisal Valuation

  • Standard Deviation: 0.1721
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 626,537
  • High Value: 734,388
  • Low Value: 518,685

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,700
  • Assessed Land Value: $197,900
  • Assessed Improvements Value: $326,800

    Sales

  • Current Sale Contract Date: Mar 04, 2024
  • Current Sale Recording Date: Mar 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20240304002700
  • Previous Sale Recording Date: Aug 30, 2021
  • Previous Sale Contract Date: Aug 30, 2021
  • Previous Sale Amount: $525,000
  • 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:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1919 ft²

Average Home Age

80.1 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72867682

Frequently Asked Questions

When was property at 23 Marina Drive built and last sold?
The property at 23 Marina Drive was built in 1965 and last sold on Mar 4, 2024 for $650,000.
How much is this home worth?
The estimated value of the home located at 23 Marina Drive is $509,095.
What are some comparable homes to 23 Marina Drive?
There are currently no comparable homes to 23 Marina Drive.
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