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Gloucester 01930
23 Norwood Heights
$1,680,000
● House - Off Market

23 Norwood Heights

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,300 Ft²
$9,867
Est. Monthly
$64
HOA / Fees

About This Property

Welcome to Norwood Heights, one of Annisquam's most coveted neighborhoods, where coastal charm meets unparalleled beauty. This delightful home, nestled atop a picturesque hill, offers breathtaking panoramic views of Ipswich Bay. Step outside and experience the serenity of living in this esteemed community, with exclusive access to Lighthouse Beach just moments away. While this property presents a unique opportunity for renovation, its prime location and extraordinary views are truly unparalleled. Imagine the possibilities of creating a custom retreat in this exceptional setting. Embrace the chance to own a piece of this idyllic community and start crafting your seaside escape today.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$739
Property Type
House
Property Taxes
$1,460
HOA Dues
$64
Year Built
1959

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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 #73280192)

Price History

Date / Event Date Event Price
Nov 26, 2024 Sold
Premium
Sold
Oct 28, 2024 In contract -
In contract
Sep 4, 2024 Relisted $1,699,000
Relisted
Aug 28, 2024 In contract -
In contract
Aug 21, 2024 Listed by Engel & Volkers By the Sea $1,699,000
Listed by Engel & Volkers By the Sea

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • 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: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,250
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,200
  • Total Building Area: 1,300
  • Gross Building Area: 4,138
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • 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:0181 B:0027 L:0000
  • Block: 27
  • Municipality: GLOUCESTER
  • Latitude: 42.6624
  • Longitude: -70.6785

    Address

  • Full Address: 23 Norwood Hts
  • Address - House Number: 23
  • Address - Street Name: Norwood
  • Address - Suffix Type: Hts
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C019
  • 4-Digit Zip Code: 1212
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,751,500

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 86
  • Final Value: 1,519,682
  • High Value: 1,710,290
  • Low Value: 1,329,073

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,800,100
  • Assessed Land Value: $1,387,300
  • Assessed Improvements Value: $412,800

    Sales

  • Current Sale Recording Date: Oct 10, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 181010000360
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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1941 ft²

Average Home Age

77 years

Currently For Sale

91 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: 4 months ago
Data Source: MLS PIN, MLS# 73280192

Frequently Asked Questions

When was property at 23 Norwood Heights built and last sold?
The property at 23 Norwood Heights was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 23 Norwood Heights is $1,690,149.
What are some comparable homes to 23 Norwood Heights?
There are currently no comparable homes to 23 Norwood Heights.
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