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Gloucester 01930
27 Way Road
$675,000
● House - Off Market

27 Way Road

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,486 Ft²
$1,039,004
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Surrounded by nature and elegant estates, this charming Cape style home is sited on a 1+acre country lot and is picture perfect. Located in the heart of East Gloucester, it is at once private, yet a few minutes to Good Harbor, Bass Rocks Golf Club, the Back Shore, and Rocky Neck. Stone steps and multi levels define the landscaped yard – a gardener's dream. Adorable kitchen recently renovated overlooks this bucolic setting. Fireplaced living room has sliders for easy access to outdoors. Additional improvements include lovely new bath with laundry, hickory and oak hardwood floors throughout, freshly painted interior, and connection to city sewer. The lot size allows for plenty of room to expand if desired.
Unit Size
1,486 Ft²
Days on Market
-
Land Size
1.14 acres
Price per sqft
$441
Property Type
House
Property Taxes
$575
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 #72242625)

Price History

Date / Event Date Event Price
Nov 30, 2017 Sold
Premium
Sold
Oct 13, 2017 Listed by By The Sea Sotheby's International Realty $655,000
Listed by By The Sea Sotheby's International Realty
Sep 26, 2014 Sold
Premium
Sold
May 23, 2014 Listed by By The Sea Sotheby's International Realty $570,000
Listed by By The Sea Sotheby's International Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,658
  • Total Building Area: 1,444
  • Gross Building Area: 1,868
  • Building Area: 1,444
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,444
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001140
  • 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:0074 B:0050 L:0000
  • Block: 50
  • Municipality: GLOUCESTER
  • Latitude: 42.6079
  • Longitude: -70.6412

    Address

  • Full Address: 27 Way Rd
  • Address - House Number: 27
  • 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: $968,700

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,052,930
  • High Value: 1,220,759
  • Low Value: 885,101

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $995,600
  • Assessed Land Value: $572,400
  • Assessed Improvements Value: $423,200

    Sales

  • Current Sale Recording Date: Nov 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171130002770
  • Previous Sale Recording Date: Sep 26, 2014
  • Previous Sale Amount: $535,000
  • Previous Sale Document Type: O
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

1919 ft²

Average Home Age

80.1 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72242625

Frequently Asked Questions

When was property at 27 Way Road built and last sold?
The property at 27 Way Road was built in 1985 and last sold on Jan 1, 1970 for $675,000.
How much is this home worth?
The estimated value of the home located at 27 Way Road is $667,715.
What are some comparable homes to 27 Way Road?
There are currently no comparable homes to 27 Way Road.
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