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Gloucester 01930
31 Chester Square
$350,000
● House - Off Market

31 Chester Square

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,980 Ft²
$774,733
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

Annisquam Village - Circa 1912 shingle style home with 3 bedrooms and 1 1/2 bath. Large eat-in kitchen with pantry, formal dining room, and wonderful enclosed 3 season porch.  Located a short distance to Lighthouse Beach (accessible only thru association membership), Annisquam Yacht and Lobster Cove, this is a wonderful oppotunity to live in beautiful Annisquam.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$181
Property Type
House
Property Taxes
$633
HOA Dues
-
Year Built
1920

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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 #71336751)

Price History

Date / Event Date Event Price
Oct 18, 2012 Sold
Premium
Sold
Feb 9, 2012 Listed by Coldwell Banker Residential Brokerage - Gloucester $359,000
Listed by Coldwell Banker Residential Brokerage - Gloucester

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,471
  • Total Building Area: 1,596
  • Gross Building Area: 2,982
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000860
  • 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: 221100

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0122 B:0010 L:0000
  • Block: 10
  • Municipality: GLOUCESTER
  • Latitude: 42.6588
  • Longitude: -70.6756

    Address

  • Full Address: 31 Chester Sq
  • Address - House Number: 31
  • Address - Street Name: Chester
  • Address - Suffix Type: Sq
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C019
  • 4-Digit Zip Code: 1313
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $964,400

    Appraisal Valuation

  • Standard Deviation: 0.1595
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 814,841
  • High Value: 944,872
  • Low Value: 684,810

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $991,200
  • Assessed Land Value: $703,100
  • Assessed Improvements Value: $288,100

    Sales

  • Current Sale Recording Date: Oct 18, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
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

1928 ft²

Average Home Age

77.9 years

Currently For Sale

90 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# 71336751

Frequently Asked Questions

When was property at 31 Chester Square built and last sold?
The property at 31 Chester Square was built in 1920 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 31 Chester Square is $395,988.
What are some comparable homes to 31 Chester Square?
There are currently no comparable homes to 31 Chester Square.
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