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Gloucester 01930
27 Souther Rd
$700,000
● House - Off Market

27 Souther Rd

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,688 Ft²
$1,079,838
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Nestled between Good Harbor Beach, the "Back Shore" and near the first Tee of the Bass Rocks Golf Club, this well loved two bedroom, two bath residence could be your next home, either all year or seasonally.  Built by its owners with entertaining in mind, it has an open first level layout with a passive solar solarium area as a part of the large living room, a dining room, access to both a patio and a deck overlooking the yard and a kitchen with ample storage. Mature and well maintained gardens and landscaping add to the assets of this property and make it a must see if you want to be in Gloucester.  The two car attached garage with attic storage makes it all the more perfect . See video at You Tube and floor plan available.
Unit Size
1,688 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$443
Property Type
House
Property Taxes
$617
HOA Dues
-
Year Built
1985

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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 #72567193)

Price History

Date / Event Date Event Price
Feb 27, 2020 Sold
Premium
Sold
Sep 18, 2019 Listed by RE/MAX Advantage Real Estate $748,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,031
  • Total Building Area: 1,688
  • Gross Building Area: 3,653
  • Building Area: 1,688
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,688
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000345
  • 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: R-20

Geography

  • Parcel: GLOU M:0070 B:0036 L:0000
  • Block: 36
  • Municipality: GLOUCESTER
  • Latitude: 42.6127
  • Longitude: -70.6377

    Address

  • Full Address: 27 Souther Rd
  • Address - House Number: 27
  • Address - Street Name: Souther
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C016
  • 4-Digit Zip Code: 3255
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $903,200

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 942,397
  • High Value: 1,105,831
  • Low Value: 778,962

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $928,300
  • Assessed Land Value: $494,400
  • Assessed Improvements Value: $433,900

    Sales

  • Current Sale Contract Date: Feb 27, 2020
  • Current Sale Recording Date: Feb 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200227003870

    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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72567193

Frequently Asked Questions

When was property at 27 Souther Road built and last sold?
The property at 27 Souther Road was built in 1985 and last sold on Feb 27, 2020 for $700,000.
How much is this home worth?
The estimated value of the home located at 27 Souther Road is $757,884.
What are some comparable homes to 27 Souther Road?
There are currently no comparable homes to 27 Souther Road.
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