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Gloucester 01930
26 Lookout Street
$420,000
● House - Off Market

26 Lookout Street

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,044 Ft²
$481,256
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Centrally located Colonial with fenced-in yard and wood deck! This home features an eat-in kitchen, dining room and large living room on the first floor and 3 bedrooms and 1 full bath upstairs. Freshly painted exterior, Interlock 50-year roof installed in 2004, new boiler in 2003, hot water heater in 2013, new oil tank in 2014, new slider and front door in 2016, new light in upstairs hallway and new bathroom vent in 2020. The home was deleaded and windows were replaced in 1991. Still some cosmetic updating to make it your own! Pantry closet in kitchen could be a potential location for a 1st floor 1/2 bath. Masks required for entry. MULTIPLE OFFER SITUATION: BEST AND FINAL OFFERS DUE AT 6PM on TUESDAY 8/4. ALLOW 24 HOURS FOR RESPONSE. NO ESCALATION CLAUSES.
Unit Size
1,044 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$345
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1900

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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 #72700129)

Price History

Date / Event Date Event Price
Oct 1, 2020 Sold
Premium
Sold
Jul 29, 2020 Listed by Vadala Real Estate $359,900
Listed by Vadala Real Estate
Nov 19, 1991 Sold
Premium
Sold

Property Highlights

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: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 568
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,000
  • Total Building Area: 1,046
  • Gross Building Area: 2,038
  • Building Area: 1,046
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,046
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000069
  • 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: 221700

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0017 B:0051 L:0000
  • Block: 51
  • Municipality: GLOUCESTER
  • Latitude: 42.6162
  • Longitude: -70.6719

    Address

  • Full Address: 26 Lookout St
  • Address - House Number: 26
  • Address - Street Name: Lookout
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C032
  • 4-Digit Zip Code: 3452
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $428,300

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 503,580
  • High Value: 596,809
  • Low Value: 410,352

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $440,200
  • Assessed Land Value: $117,400
  • Assessed Improvements Value: $322,800

    Sales

  • Current Sale Contract Date: Sep 29, 2020
  • Current Sale Recording Date: Oct 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201001001490
  • Previous Sale Recording Date: Nov 19, 1991
  • Previous Sale Amount: $106,000
  • 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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1949 ft²

Average Home Age

77.5 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# 72700129

Frequently Asked Questions

When was property at 26 Lookout Street built and last sold?
The property at 26 Lookout Street was built in 1900 and last sold on Sep 29, 2020 for $420,000.
How much is this home worth?
The estimated value of the home located at 26 Lookout Street is $377,435.
What are some comparable homes to 26 Lookout Street?
There are currently no comparable homes to 26 Lookout Street.
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