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Gloucester 01930
261 East Main Street
Photo of 261 East Main Street
Sold on Jun 21, 2010

1

Map

$1,150,000
● House - Off Market

261 East Main Street

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,347 Ft²
$2,936,807
RealtyHop Estimate
110.52%
Since Jul 1, 2010
National-US
Primary Model

About This Property

**Deep Dock** - stunning views of Smith Cove towards Rocky Neck and outer harbor - enjoy the views and stunning sunsets from two covered decks overlooking the Smith Cove - dock can hold multiple boats - max water depth at *low tide* is said to be 6' - This 4 BR, 2.5 bath home features two separate 2 BR Suites for maximum privacy and flexibility.  This property is a "turn-key" waterfront retreat within a very short distance to Rocky Neck Artist Colony, restaurants and Good Harbor beach. WOW !
Unit Size
2,347 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$594
Property Type
House
Property Taxes
$8,333
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: 2 years ago (MLSPIN #70979938)

Price History

Date / Event Date Event Price
Jun 22, 2010 Sold
Premium
Sold
Sep 23, 2009 Listed $1,395,000
Listed
Dec 30, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,008
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,800
  • Total Building Area: 3,273
  • Gross Building Area: 5,512
  • Building Area: 3,273
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,273
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLOUCESTER
  • Land Acres: 0000000409
  • 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: 221300

Zoning

  • Zoning: NB

Geography

  • Parcel: GLOU M:0080 B:0030 L:0000
  • Block: 30
  • Municipality: GLOUCESTER
  • Latitude: 42.6053
  • Longitude: -70.6539

    Address

  • Full Address: 261 E Main St
  • Address - House Number: 261
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C004
  • 4-Digit Zip Code: 4141
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,996,500

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 2,108,751
  • High Value: 2,431,927
  • Low Value: 1,785,574

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,051,900
  • Assessed Land Value: $1,080,500
  • Assessed Improvements Value: $971,400

    Sales

  • Current Sale Recording Date: Jun 22, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 30, 1991
  • Previous Sale Amount: $10,000
  • 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:

$699,000

Sale Price/ft²

$443

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2017 ft²

Average Home Age

80.6 years

Currently For Sale

97 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: 2 years ago
Data Source: MLS PIN, MLS# 70979938

Frequently Asked Questions

When was property at 261 East Main Street built and last sold?
The property at 261 East Main Street was built in 1900 and last sold on Jan 1, 1970 for $1,150,000.
How much is this home worth?
The estimated value of the home located at 261 East Main Street is $0.
What are some comparable homes to 261 East Main Street?
There are currently no comparable homes to 261 East Main Street.
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