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Gloucester 01930
28 Waterman Road
$270,000
● Land - Off Market

28 Waterman Road

Gloucester, MA 01930
bedrooms
Studio
bathrooms
0 Bath
$508,694
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Seller has Obtained Foundation Permit and Approved Drainage from Building Inspector. Excellent opportunity to build your dream home on Private Coffins Beach (Private Wingaersheek Beach). Unbelievable Price/Opportunity with Approved 2BDRM Building Lot with Leaching Field already installed. Very short walk to beach (Private or Public). Best deal on Beach right Now!!!
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$320
HOA Dues
-
Year Built
2020

Payment Calculator

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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 #72139624)

Price History

Date / Event Date Event Price
Aug 24, 2017 Sold
Premium
Sold
Apr 3, 2017 Listed by RE/MAX On The River, Inc. $319,000
Listed by RE/MAX On The River, Inc.
May 29, 2003 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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
  • 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: 10,013
  • Total Building Area: 1,876
  • Gross Building Area: 3,478
  • Building Area: 1,876
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,876
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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-20

Geography

  • Parcel: GLOU M:0257 B:0089 L:0000
  • Block: 89
  • Municipality: GLOUCESTER
  • Latitude: 42.651
  • Longitude: -70.6944

    Address

  • Full Address: 28 Waterman Rd
  • Address - House Number: 28
  • Address - Street Name: Waterman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,086,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 932,153
  • High Value: 1,079,391
  • Low Value: 784,915

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,116,100
  • Assessed Land Value: $515,400
  • Assessed Improvements Value: $600,700

    Sales

  • Current Sale Recording Date: Aug 24, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 129
  • Previous Sale Recording Date: May 29, 2003
  • Previous Sale Amount: $800,000
  • 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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1941 ft²

Average Home Age

77 years

Currently For Sale

91 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# 72139624

Frequently Asked Questions

When was property at 28 Waterman Road built and last sold?
The property at 28 Waterman Road was built in 2020 and last sold on Jan 1, 1970 for $270,000.
How much is this home worth?
The estimated value of the home located at 28 Waterman Road is $322,190.
What are some comparable homes to 28 Waterman Road?
There are currently no comparable homes to 28 Waterman Road.
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