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Gloucester 01930
3 Norseman Ave
$307,500
● House - Off Market

3 Norseman Ave

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,862 Ft²
$578,612
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Located in quaint Lanesville on dead end street. This home originally functioned as a church before being converted into a non traditional single family home. To maintain the unique tin ceilings throughout the first floor, half wall partitions were constructed to separate the kitchen, living room and first floor bedroom. Rustic, pine wood floors are spread throughout on the second level that has two bedrooms and a large great room. With some TLC you can call this home.  Peaks of the ocean can be seen from the second floor as well. Two car off street parking.
Unit Size
1,862 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$175
Property Type
House
Property Taxes
$336
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: 6 months ago (MLSPIN #71819629)

Price History

Date / Event Date Event Price
Jun 8, 2015 Sold
Premium
Sold
Apr 17, 2015 Listed by RE/MAX Advantage Real Estate $325,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 280
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,900
  • Total Building Area: 1,862
  • Gross Building Area: 2,498
  • Building Area: 1,862
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,862
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000067
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221100

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0144 B:0053 L:0000
  • Block: 53
  • Municipality: GLOUCESTER
  • Latitude: 42.6806
  • Longitude: -70.6525

    Address

  • Full Address: 3 Norseman Ave
  • Address - House Number: 3
  • Address - Street Name: Norseman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C020
  • 4-Digit Zip Code: 1026
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $512,100

    Appraisal Valuation

  • Standard Deviation: 0.165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 597,024
  • High Value: 695,538
  • Low Value: 498,511

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $526,300
  • Assessed Land Value: $169,100
  • Assessed Improvements Value: $357,200

    Sales

  • Current Sale Recording Date: Jun 08, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 562295
  • Previous Sale Recording Date: Aug 03, 2006
  • Previous Sale Document Type: 48
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

57

Average Home Size

2084 ft²

Average Home Age

77.9 years

Currently For Sale

85 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: 6 months ago
Data Source: MLS PIN, MLS# 71819629

Frequently Asked Questions

When was property at 3 Norseman Avenue built and last sold?
The property at 3 Norseman Avenue was built in 1920 and last sold on Jan 1, 1970 for $307,500.
How much is this home worth?
The estimated value of the home located at 3 Norseman Avenue is $359,018.
What are some comparable homes to 3 Norseman Avenue?
There are currently no comparable homes to 3 Norseman Avenue.
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