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Gloucester 01930
293 Magnolia Avenue
$360,000
● House - Off Market

293 Magnolia Avenue

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,438 Ft²
$647,451
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model

About This Property

Charming and comfortable, this 3 bed, 2 bath Cape sits on idyllic 1/2 acre lot. Sunny kitchen invites you to a welcoming deck and peaceful yard filled with flowers and plants galore! Hardwood throughout 1st level with eat-in kitchen, family rm, liv rm with pellet stove and 1st floor bedroom. Bonus area is the partially finished basement with sink, cabinets and an extra room currently being used for arts & crafts, or could be office. One car garage, Title V approved. Just move right in. Located close to commuter rail, Rt 128 and the new West Parish Elementary School (opens Sept 2016)
Unit Size
1,438 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$254
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1987

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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: 5 months ago (MLSPIN #71875893)

Price History

Date / Event Date Event Price
Oct 30, 2015 Sold
Premium
Sold
Jul 20, 2015 Listed by RE/MAX Advantage Real Estate $365,000
Listed by RE/MAX Advantage Real Estate
Jan 27, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • 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: 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: 976
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,655
  • Total Building Area: 1,438
  • Gross Building Area: 3,551
  • Building Area: 1,438
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,438
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000497
  • 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: 221901

Zoning

  • Zoning: R-30

Geography

  • Parcel: GLOU M:0206 B:0024 L:0000
  • Block: 24
  • Municipality: GLOUCESTER
  • Latitude: 42.6026
  • Longitude: -70.7142

    Address

  • Full Address: 293 Magnolia Ave
  • Address - House Number: 293
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C025
  • 4-Digit Zip Code: 2315
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $588,200

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 654,556
  • High Value: 763,230
  • Low Value: 545,883

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $604,500
  • Assessed Land Value: $208,000
  • Assessed Improvements Value: $396,500

    Sales

  • Current Sale Recording Date: Oct 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 753
  • Previous Sale Recording Date: Jan 27, 2000
  • Previous Sale Amount: $237,500
  • 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

$448

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2025 ft²

Average Home Age

82 years

Currently For Sale

87 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: 5 months ago
Data Source: MLS PIN, MLS# 71875893

Frequently Asked Questions

When was property at 293 Magnolia Avenue built and last sold?
The property at 293 Magnolia Avenue was built in 1987 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 293 Magnolia Avenue is $387,339.
What are some comparable homes to 293 Magnolia Avenue?
There are currently no comparable homes to 293 Magnolia Avenue.
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