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Gloucester 01930
25 Way Rd
$465,000
● Land - Off Market

25 Way Rd

Gloucester, MA 01930
bedrooms
Studio
bathrooms
0 Bath
$692,513
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Very rare opportunity to build your dream home in one of East Gloucester's premier neighborhoods.  Private, tranquil setting flanked by Gloucester's back shore, Bass Rock's Golf Club, Historic Rocky Neck and Good Harbor Beach. City Water, sewer connections at site.
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
$462
HOA Dues
-
Year Built
2020

Payment Calculator

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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 #72557044)

Price History

Date / Event Date Event Price
Dec 20, 2021 Sold
Premium
Sold
May 4, 2020 Sold
Premium
Sold
Sep 1, 2019 Listed by J. Barrett & Company $490,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • 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: 20,105
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,268
  • Gross Building Area: 6,820
  • Building Area: 4,268
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,268
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000462
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221300

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0074 B:0055 L:0000
  • Block: 55
  • Municipality: GLOUCESTER
  • Latitude: 42.6078
  • Longitude: -70.6405

    Address

  • Full Address: 25 Way Rd
  • Address - House Number: 25
  • Address - Street Name: Way
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C027
  • 4-Digit Zip Code: 4315
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,213,000

    Appraisal Valuation

  • Standard Deviation: 0.1621
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 583,776
  • High Value: 678,432
  • Low Value: 489,119

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,274,400
  • Assessed Land Value: $676,300
  • Assessed Improvements Value: $1,598,100

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 14
  • Current Sale Input Document Number: 20211220001070
  • Previous Sale Recording Date: May 04, 2020
  • Previous Sale Contract Date: Apr 27, 2020
  • Previous Sale Amount: $465,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

1906 ft²

Average Home Age

79.6 years

Currently For Sale

89 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# 72557044

Frequently Asked Questions

When was property at 25 Way Road built and last sold?
The property at 25 Way Road was built in 2020 and last sold on Dec 17, 2021 for $1,525,000.
How much is this home worth?
The estimated value of the home located at 25 Way Road is $1,535,085.
What are some comparable homes to 25 Way Road?
There are currently no comparable homes to 25 Way Road.
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