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Gloucester 01930
3 Joppa Way
Photo of 3 Joppa Way
Sold on Jun 30, 2025

40

Map

Photo of 3 Joppa Way
Photo of 3 Joppa Way
$500,000
● House - Off Market

3 Joppa Way

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,184 Ft²
$3,176
Est. Monthly
7.69%
Cap Rate

About This Property

Nestled on a generous lot, this property offers a unique chance for visionary buyers to create a dream home. Although the existing ranch-style home may be a teardown, the potential is remarkable. Positioned near both the renowned Good Harbor Beach and Long Beach, it blends seaside proximity with private street seclusion.The lot's charming pond adds scenic allure, though it falls within a flood zone, requiring insurance and flood-resilient design for new construction.Embrace the challenge and reward of designing a coastal haven in this treasured community. Additionally, there's potential for ocean views with an elevated structure.For those ready to create something spectacular, this property provides the canvas to bring your vision to life amidst Gloucester's tranquil and picturesque backdrop.
Unit Size
1,184 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$465
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1935

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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: 2 years ago (MLSPIN #73336090)

Price History

Date / Event Date Event Price
Jun 30, 2025 Sold
Premium
Sold
Apr 29, 2025 In contract -
In contract
Apr 12, 2025 Relisted $550,000
Relisted
Apr 6, 2025 In contract -
In contract
Mar 26, 2025 Price Decreased $550,000
↓ $145K (20.9%)
Price Decreased
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 30,978
  • Total Building Area: 1,184
  • Gross Building Area: 1,336
  • Building Area: 1,184
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,184
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000711
  • 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: 221300

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0179 B:0001 L:0000
  • Block: 1
  • Municipality: GLOUCESTER
  • Latitude: 42.6252
  • Longitude: -70.6293

    Address

  • Full Address: 3 Joppa Way
  • Address - House Number: 3
  • Address - Street Name: Joppa
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C008
  • 4-Digit Zip Code: 1933
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $570,200

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 595,398
  • High Value: 703,574
  • Low Value: 487,223

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $586,000
  • Assessed Land Value: $327,300
  • Assessed Improvements Value: $258,700

    Sales

  • Current Sale Recording Date: Sep 20, 2004
  • Current Sale Price:
    Premium
  • Current 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

1913 ft²

Average Home Age

81.9 years

Currently For Sale

88 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: 2 years ago
Data Source: MLS PIN, MLS# 73336090

Frequently Asked Questions

When was property at 3 Joppa Way built and last sold?
The property at 3 Joppa Way was built in 1935 and last sold on Jan 1, 1970 for $158,000.
How much is this home worth?
The estimated value of the home located at 3 Joppa Way is $0.
What are some comparable homes to 3 Joppa Way?
There are currently no comparable homes to 3 Joppa Way.
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