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Gloucester 01930
25 Echo Ave
$430,000
● House - Off Market

25 Echo Ave

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,094 Ft²
$495,824
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

This adorable home is located in a quiet neighborhood in Riverdale. It has water views of the Mill Pond, an above ground pool, a fish pond, a large deck, a three season room and a screened in porch.  This makes it the perfect house for entertaining your family and friends as it is also located on the end of the street. The house features a eat-in kitchen, laundry room, living room, office with a pellet stove, three upstairs bedrooms and a full bath. It is close to 128, the hospital, local beaches, restaurants and houses of worship. Whether you are just starting out or are winding down this quaint home would be perfect!
Unit Size
1,094 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$392
Property Type
House
Property Taxes
$330
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: 5 years ago (MLSPIN #72834216)

Price History

Date / Event Date Event Price
Jul 1, 2021 Sold
Premium
Sold
May 19, 2021 Listed by Lamacchia Realty, Inc. $429,000
Listed by Lamacchia Realty, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 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: 706
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,500
  • Total Building Area: 1,094
  • Gross Building Area: 3,005
  • Building Area: 1,094
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,094
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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-10

Geography

  • Parcel: GLOU M:0108 B:0003 L:0000
  • Block: 3
  • Municipality: GLOUCESTER
  • Latitude: 42.6326
  • Longitude: -70.6737

    Address

  • Full Address: 25 Echo Ave
  • Address - House Number: 25
  • Address - Street Name: Echo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C028
  • 4-Digit Zip Code: 1824
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $468,800

    Appraisal Valuation

  • Standard Deviation: 0.1858
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 554,661
  • High Value: 657,719
  • Low Value: 451,602

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $481,800
  • Assessed Land Value: $146,300
  • Assessed Improvements Value: $335,500

    Sales

  • Current Sale Contract Date: Jul 01, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210701004590
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

1928 ft²

Average Home Age

77.9 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: 5 years ago
Data Source: MLS PIN, MLS# 72834216

Frequently Asked Questions

When was property at 25 Echo Avenue built and last sold?
The property at 25 Echo Avenue was built in 1900 and last sold on Jul 1, 2021 for $430,000.
How much is this home worth?
The estimated value of the home located at 25 Echo Avenue is $0.
What are some comparable homes to 25 Echo Avenue?
There are currently no comparable homes to 25 Echo Avenue.
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