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Gloucester 01930
246 Western Avenue
$720,000
● House - Off Market

246 Western Avenue

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,370 Ft²
$1,310,866
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model

About This Property

Gracious and inviting Colonial home with deeded water views and access. Enter the house from the delightful bridge built over incredible gardens and natural outcroppings. Large front entry, 4 working fireplaces, 4+ bedrooms, home office, period details galore. 600 feet from your backyard brings you down to the beach at  lovely Freshwater Cove to sun and swim. The large dining room opens with French doors to a wonderful covered porch with views. Out the back door and behold a spectacular yard with rock garden, privacy foliage, wonderful lawn, and new tasteful Reeds Ferry shed. With room to work and live, this charming homes beckons new owners to enjoy it like the present ones have.  Meticulously cared for, including newer heating system, roof, septic, electric and more.
Unit Size
2,370 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$312
Property Type
House
Property Taxes
$724
HOA Dues
-
Year Built
1920

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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 #71882094)

Price History

Date / Event Date Event Price
Oct 14, 2015 Sold
Premium
Sold
Jul 31, 2015 Listed by By The Sea Sotheby's International Realty $739,000
Listed by By The Sea Sotheby's International Realty
Dec 12, 2003 Sold
Premium
Sold
Apr 9, 2003 Listed by By The Sea Sotheby's International Realty $660,000
Listed by By The Sea Sotheby's International Realty
Mar 30, 2001 Sold
Premium
Sold
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Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 964
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,161
  • Total Building Area: 2,532
  • Gross Building Area: 4,983
  • Building Area: 2,532
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,532
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELLA ST
  • Land Acres: 0000000509
  • 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:0204 B:0026 L:0000
  • Block: 26
  • Municipality: GLOUCESTER
  • Latitude: 42.5963
  • Longitude: -70.6865

    Address

  • Full Address: 246 Western Ave
  • Address - House Number: 246
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C030
  • 4-Digit Zip Code: 4054
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,148,300

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,214,129
  • High Value: 1,407,652
  • Low Value: 1,020,606

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,180,200
  • Assessed Land Value: $427,000
  • Assessed Improvements Value: $753,200

    Sales

  • Current Sale Recording Date: Oct 14, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 169
  • Previous Sale Recording Date: Dec 12, 2003
  • Previous Sale Amount: $635,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71882094

Frequently Asked Questions

When was property at 246 Western Avenue built and last sold?
The property at 246 Western Avenue was built in 1920 and last sold on Jan 1, 1970 for $720,000.
How much is this home worth?
The estimated value of the home located at 246 Western Avenue is $763,651.
What are some comparable homes to 246 Western Avenue?
There are currently no comparable homes to 246 Western Avenue.
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