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Gloucester 01930
24 Edgewood Rd
$495,000
● House - Off Market

24 Edgewood Rd

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,003 Ft²
$786,621
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

House is in very good condition and well-maintained. Four bedroom septic system, three bedroom house with room for in-law in large walk-in basement. Contemporary saltbox with open floor plan on first floor. 3 bedrooms, 2.5 bathrooms. Breezeway connects house to garage with roomy loft. Mature gardens, cultivated shrubs and trees. Backyard is edged with tall, mature privacy trees, both deciduous and conifer. Street traffic is minimal, good spot for children or anyone who likes peace and quiet.
Unit Size
2,003 Ft²
Days on Market
-
Land Size
0.63 acres
Price per sqft
$260
Property Type
House
Property Taxes
$568
HOA Dues
-
Year Built
1989

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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 #72351866)

Price History

Date / Event Date Event Price
Sep 28, 2018 Sold
Premium
Sold
Jun 23, 2018 Listed by Robin J. Hubbard $520,000
Listed by Robin J. Hubbard

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,161
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,300
  • Total Building Area: 2,003
  • Gross Building Area: 4,268
  • Building Area: 2,003
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,003
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEWOOD ROAD
  • Land Acres: 0000000627
  • 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: 221901

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0218 B:0052 L:0000
  • Block: 52
  • Municipality: GLOUCESTER
  • Latitude: 42.612
  • Longitude: -70.6902

    Address

  • Full Address: 24 Edgewood Rd
  • Address - House Number: 24
  • Address - Street Name: Edgewood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C024
  • 4-Digit Zip Code: 3330
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $760,300

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 830,065
  • High Value: 962,343
  • Low Value: 697,787

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $781,400
  • Assessed Land Value: $210,600
  • Assessed Improvements Value: $570,800

    Sales

  • Current Sale Recording Date: Sep 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180928004800
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: 4 months ago
Data Source: MLS PIN, MLS# 72351866

Frequently Asked Questions

When was property at 24 Edgewood Road built and last sold?
The property at 24 Edgewood Road was built in 1989 and last sold on Jan 1, 1970 for $495,000.
How much is this home worth?
The estimated value of the home located at 24 Edgewood Road is $548,987.
What are some comparable homes to 24 Edgewood Road?
There are currently no comparable homes to 24 Edgewood Road.
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