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Gloucester 01930
232 Bray Street
$225,000
● Land - Off Market

232 Bray Street

Gloucester, MA 01930
bedrooms
Studio
bathrooms
0 Bath
$319,927
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Cottage on a very nice lot overlooking protected Jones River Saltmarsh and river. This is a tear-down or total rebuild. It is being sold with a city-approved septic plan for a three bedroom house plus a site plan showing where a new house can be built, both in progress. The soil testing has been done successfully. Three miles to glorious Wingaersheek Beach, several hundred yards to a state boat ramp, a really terrific location! Easy access to Concord Street/128. Offers to be presented to seller at noon Friday 2/28.
Unit Size
-
Days on Market
-
Land Size
0.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$315
HOA Dues
-
Year Built
1956

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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: 4 months ago (MLSPIN #72622894)

Price History

Date / Event Date Event Price
Apr 29, 2020 Sold
Premium
Sold
Feb 21, 2020 Listed by River Valley Real Estate $225,000
Listed by River Valley Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,560
  • Total Building Area: 1,013
  • Gross Building Area: 1,061
  • Building Area: 1,013
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,013
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000449
  • 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-20

Geography

  • Parcel: GLOU M:0254 B:0011 L:0000
  • Block: 11
  • Municipality: GLOUCESTER
  • Latitude: 42.6447
  • Longitude: -70.6989

    Address

  • Full Address: 232 Bray St
  • Address - House Number: 232
  • Address - Street Name: Bray
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1551
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $378,000

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 417,491
  • High Value: 497,241
  • Low Value: 337,742

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $388,500
  • Assessed Land Value: $273,700
  • Assessed Improvements Value: $114,800

    Sales

  • Current Sale Contract Date: Apr 29, 2020
  • Current Sale Recording Date: Apr 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200429002520
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# 72622894

Frequently Asked Questions

When was property at 232 Bray Street built and last sold?
The property at 232 Bray Street was built in 1956 and last sold on Apr 29, 2020 for $225,000.
How much is this home worth?
The estimated value of the home located at 232 Bray Street is $227,250.
What are some comparable homes to 232 Bray Street?
There are currently no comparable homes to 232 Bray Street.
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