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Gloucester 01930
28 River Rd
$2,500,000
● House - Off Market

28 River Rd

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,752 Ft²
$2,100,687
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Perched overlooking Lobster Cove, this impeccably maintained Colonial offers stunning views of the Annisquam River. An inviting granite stone entrance opens to a bright and sunny dining and fireplace living areas. Located in the heart of Annisquam Village, it is a short distance to Annisquam Yacht Club, Cambridge and Lighthouse Beach. A flexible floor plan allows for single level living with a first floor primary bedroom, 2/3 bedrooms and in home office on the second level. Ample parking supported with attached garage and detached garage/barn with potential for an artist studio. Showings will begin at first open house Saturday November 20  from 12-2All offers due by Tuesday November 23, 2021 at 10 AM
Unit Size
1,752 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$1,139
Property Type
House
Property Taxes
$1,215
HOA Dues
-
Year Built
1920

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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 #72921263)

Price History

Date / Event Date Event Price
Feb 16, 2022 Sold
Premium
Sold
Nov 18, 2021 Listed by Coldwell Banker Realty - Manchester $1,995,000
Listed by Coldwell Banker Realty - Manchester
Oct 22, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 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: 10,725
  • Total Building Area: 1,752
  • Gross Building Area: 2,879
  • Building Area: 1,752
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,752
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • 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: 221100

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0118 B:0053 L:0000
  • Block: 53
  • Municipality: GLOUCESTER
  • Latitude: 42.6528
  • Longitude: -70.6772

    Address

  • Full Address: 28 River Rd
  • Address - House Number: 28
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C019
  • 4-Digit Zip Code: 1352
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,966,100

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 2,040,851
  • High Value: 2,376,892
  • Low Value: 1,704,810

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,020,700
  • Assessed Land Value: $1,399,600
  • Assessed Improvements Value: $621,100

    Sales

  • Current Sale Contract Date: Feb 16, 2022
  • Current Sale Recording Date: Feb 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20220216003280
  • Previous Sale Recording Date: Oct 22, 1993
  • Previous Sale Amount: $479,900
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72921263

Frequently Asked Questions

When was property at 28 River Road built and last sold?
The property at 28 River Road was built in 1920 and last sold on Feb 16, 2022 for $2,500,000.
How much is this home worth?
The estimated value of the home located at 28 River Road is $2,004,110.
What are some comparable homes to 28 River Road?
There are currently no comparable homes to 28 River Road.
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