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Gloucester 01930
32 Lake Rd
$850,000
● House - Off Market

32 Lake Rd

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,040 Ft²
$747,110
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Just moments from the scenic village center of Magnolia this gorgeous colonial home offers an open concept with 3 Bedroom & 2 full Baths. The main level features a beautiful gourmet kitchen with quartz counter-tops, stainless steel appliances, kitchen island, tile & gleaming hardwood floors with an open floor plan that leads to the living/dining, ideal space for entertaining. The second level offers 3 spacious Bedrooms and office all with hardwood floors with an additional full bathroom. Additional square footage can be found in the partially finished basement which can be used as fabulous bonus rooms with exterior access. Enjoy the Great outdoor space with a large level lot with Breathtaking views of West pond. Parking for 6 plus vehicles. SHOWINGS START AT OPEN HOUSE SAT 8/26 11:00-1:00 & SUN 8/27 11:00-1:00
Unit Size
2,040 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$368
Property Type
House
Property Taxes
$589
HOA Dues
-
Year Built
1987

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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 #73151177)

Price History

Date / Event Date Event Price
Oct 12, 2023 Sold
Premium
Sold
Aug 30, 2023 In contract -
In contract
Aug 22, 2023 Listed by Keller Williams Realty Evolution $749,900
Listed by Keller Williams Realty Evolution
Jun 28, 2007 Sold
Premium
Sold
Feb 13, 2007 Listed by Keller Williams Realty Evolution $414,900
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available
Air Conditioning

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: 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: 1,020
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,453
  • Total Building Area: 2,040
  • Gross Building Area: 3,440
  • Building Area: 2,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,040
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000401
  • 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-20

Geography

  • Parcel: GLOU M:0172 B:0018 L:0000
  • Block: 18
  • Municipality: GLOUCESTER
  • Latitude: 42.5809
  • Longitude: -70.7107

    Address

  • Full Address: 32 Lake Rd
  • Address - House Number: 32
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C025
  • 4-Digit Zip Code: 5235
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $738,400

    Appraisal Valuation

  • Standard Deviation: 0.2158
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 851,753
  • High Value: 1,035,586
  • Low Value: 667,921

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $758,900
  • Assessed Land Value: $264,600
  • Assessed Improvements Value: $494,300

    Sales

  • Current Sale Contract Date: Oct 12, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231012001520
  • Previous Sale Recording Date: Jun 28, 2007
  • Previous Sale Amount: $402,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

1906 ft²

Average Home Age

79.6 years

Currently For Sale

89 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73151177

Frequently Asked Questions

When was property at 32 Lake Road built and last sold?
The property at 32 Lake Road was built in 1987 and last sold on Oct 12, 2023 for $850,000.
How much is this home worth?
The estimated value of the home located at 32 Lake Road is $763,319.
What are some comparable homes to 32 Lake Road?
There are currently no comparable homes to 32 Lake Road.
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