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Gloucester 01930
24 Prospect Square
Photo of 24 Prospect Square
Sold on Jan 9, 2009

1

Map

$248,000
● House - Off Market

24 Prospect Square

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,046 Ft²
$540,863
RealtyHop Estimate
110.45%
Since Feb 1, 2009
National-US
Primary Model

About This Property

A picture-perfect presence is portrayed by this intown tuck-away single family home.  Light plays in its open-floor plan interior spaces, accented by original details and gleaming hardwood floors; sunroom and foyer offer multi-use options. Cobblestone and perennial bed lined walkway plus enclosed private brick patio retreat, with adjacent dog run, add to the virtually maintenance-free exterior. Starter/scale-down/condo alternative - manageable and in move-in condition. Walk to everything!
Unit Size
1,046 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$246
Property Type
House
Property Taxes
$185
HOA Dues
-
Year Built
1900

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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 #70809518)

Price History

Date / Event Date Event Price
Jan 9, 2009 Sold
Premium
Sold
Aug 20, 2008 Listed $257,000
Listed
Jul 2, 2002 Sold
Premium
Sold
Jun 4, 2002 Listed $259,900
Listed
Nov 20, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 654
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,000
  • Total Building Area: 1,068
  • Gross Building Area: 1,841
  • Building Area: 1,068
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,068
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000046
  • 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: 221500

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0013 B:0079 L:0000
  • Block: 79
  • Municipality: GLOUCESTER
  • Latitude: 42.6159
  • Longitude: -70.6591

    Address

  • Full Address: 24 Prospect Sq
  • Address - House Number: 24
  • Address - Street Name: Prospect
  • Address - Suffix Type: Sq
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C011
  • 4-Digit Zip Code: 3735
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $398,400

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 509,713
  • High Value: 603,162
  • Low Value: 416,263

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $409,500
  • Assessed Land Value: $113,000
  • Assessed Improvements Value: $296,500

    Sales

  • Current Sale Recording Date: Jan 09, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 02, 2002
  • Previous Sale Amount: $250,000
  • 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

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70809518

Frequently Asked Questions

When was property at 24 Prospect Square built and last sold?
The property at 24 Prospect Square was built in 1900 and last sold on Jan 1, 1970 for $248,000.
How much is this home worth?
The estimated value of the home located at 24 Prospect Square is $272,883.
What are some comparable homes to 24 Prospect Square?
There are currently no comparable homes to 24 Prospect Square.
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