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Gloucester 01930
28 Madison Sq
$395,000
● House - Off Market

28 Madison Sq

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,571 Ft²
$501,719
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

***Scheduled showing by appointment only.***    Wonderful custom built In cabinetry adorn the first floor living room and dining room of this craftsman style home. The first floor office / sunroom offers great natural light and the large kitchen has plenty of storage as well as a pantry. The kitchen opens up to the outdoor patio, surrounding garden beds and huge yard great for outdoor entertaining.  The 2nd floor has 3 ample bedrooms and full bathroom, The 3rd floor offers a great expansion possibility for a master suite. Located just 1 mile from Pavilion beach and Main Street shops and only ½ mile from state route 128 and the Gloucester MBTA station, convenience is the name of the game for this home.
Unit Size
1,571 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$226
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1929

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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 #72634397)

Price History

Date / Event Date Event Price
May 8, 2020 Sold
Premium
Sold
Mar 16, 2020 Listed by Keller Williams Realty Evolution $355,000
Listed by Keller Williams Realty Evolution
Aug 24, 2011 Sold
Premium
Sold
Jul 25, 2011 Listed by Keller Williams Realty Evolution $299,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 624
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,075
  • Total Building Area: 1,571
  • Gross Building Area: 2,722
  • Building Area: 1,571
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,571
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MADISON SQUARE
  • Land Acres: 0000000139
  • 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: 221600

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0039 B:0045 L:0000
  • Block: 45
  • Municipality: GLOUCESTER
  • Latitude: 42.6206
  • Longitude: -70.6713

    Address

  • Full Address: 28 Madison Sq
  • Address - House Number: 28
  • Address - Street Name: Madison
  • Address - Suffix Type: Sq
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C009
  • 4-Digit Zip Code: 2620
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $536,400

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 617,771
  • High Value: 732,139
  • Low Value: 503,402

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $551,300
  • Assessed Land Value: $150,000
  • Assessed Improvements Value: $401,300

    Sales

  • Current Sale Contract Date: May 07, 2020
  • Current Sale Recording Date: May 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200508004280
  • Previous Sale Recording Date: Aug 24, 2011
  • Previous Sale Amount: $295,000
  • 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:

$699,900

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72634397

Frequently Asked Questions

When was property at 28 Madison Square built and last sold?
The property at 28 Madison Square was built in 1929 and last sold on May 7, 2020 for $395,000.
How much is this home worth?
The estimated value of the home located at 28 Madison Square is $381,639.
What are some comparable homes to 28 Madison Square?
There are currently no comparable homes to 28 Madison Square.
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