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Gloucester 01930
288 Main St
$135,000
● Land - Off Market

288 Main St

Gloucester, MA 01930
bedrooms
Studio
bathrooms
0 Bath
$362,556
RealtyHop Estimate
168.56%
Since Oct 1, 2001
National-US
Primary Model

About This Property

EXCELLENT OPPORTUNITY. READY TO BUILD NEAR CENTER OF TOWN; WALK TO HARBOR LOOP AS WELL AS MANY OF GLOUCESER'S OTHER CHARMS; MIXED ZONING AND HIGH VISIBILITY MAKE FOR GREAT POTENTIAL. CAN BUILD TO SIDEWLK(100%)CVRG) UP TO 30FT HIGH
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2002

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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 years ago (MLSPIN #30473249)

Price History

Date / Event Date Event Price
Sep 30, 2016 Sold
Premium
Sold
Sep 15, 2001 Sold
Premium
Sold
Jan 24, 2001 Listed by Jones Company $135,000
Listed by Jones Company
Aug 7, 1995 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 9
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 29
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 6
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,900
  • Total Building Area: 6,450
  • Gross Building Area: 9,406
  • Building Area: 6,450
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 6,450
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000135
  • Standard Land Use Code: 1112
  • County Land Use Code: 111

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221500

Zoning

  • Zoning: CB

Geography

  • Parcel: GLOU M:0012 B:0086 L:0000
  • Block: 86
  • Municipality: GLOUCESTER
  • Latitude: 42.6156
  • Longitude: -70.6577

    Address

  • Full Address: 288 Main St
  • Address - House Number: 288
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C001
  • 4-Digit Zip Code: 6025
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,574,400

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 2,373,314
  • High Value: 2,755,826
  • Low Value: 1,990,801

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,618,100
  • Assessed Land Value: $137,000
  • Assessed Improvements Value: $1,481,100

    Sales

  • Current Sale Recording Date: Sep 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 540
  • Previous Sale Recording Date: Aug 07, 1995
  • Previous Sale Amount: $42,000
  • 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:

$699,000

Sale Price/ft²

$444

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1982 ft²

Average Home Age

82.2 years

Currently For Sale

94 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30473249

Frequently Asked Questions

When was property at 288 Main Street built and last sold?
The property at 288 Main Street was built in 2002 and last sold on Jan 1, 1970 for $850,000.
How much is this home worth?
The estimated value of the home located at 288 Main Street is $0.
What are some comparable homes to 288 Main Street?
There are currently no comparable homes to 288 Main Street.
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