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Gloucester 01930
32 Reservoir Road
$570,000
● House - Off Market

32 Reservoir Road

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,561 Ft²
$612,174
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

New to the market. A 3-bedroom, 2.5 bath single-family home located on a quiet cul-de-sac in Riverdale, high on a hill with views and cool ocean breezes. Unique features include a sloped ceiling in the living area, making this room feel extra spacious with a wood fireplace and sliding glass doors that open to a deck overlooking a backyard surrounded by trees. Downstairs bedroom can be transformed into a home office. Upstairs you'll find a master bedroom that offers an ensuite bath and walk-in closet. One car garage with plenty of off-street parking. The lower level offers a basement with a washer and dryer and extra space for storage or a bonus living area. Fabulous location, nestled in a peaceful neighborhood with easy access to 128 and O'Maley Middle School.
Unit Size
1,561 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$352
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1979

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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: 5 years ago (MLSPIN #72892736)

Price History

Date / Event Date Event Price
Nov 15, 2021 Sold
Premium
Sold
Sep 9, 2021 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $549,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jul 1, 1979 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 604
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,191
  • Total Building Area: 1,561
  • Gross Building Area: 2,854
  • Building Area: 1,561
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,561
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000693
  • 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-10

Geography

  • Parcel: GLOU M:0107A B:0034 L:0000
  • Block: 34
  • Municipality: GLOUCESTER
  • Latitude: 42.6295
  • Longitude: -70.6687

    Address

  • Full Address: 32 Reservoir Rd
  • Address - House Number: 32
  • Address - Street Name: Reservoir
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C009
  • 4-Digit Zip Code: 2261
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $614,700

    Appraisal Valuation

  • Standard Deviation: 0.1595
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 651,407
  • High Value: 755,358
  • Low Value: 547,457

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,800
  • Assessed Land Value: $212,000
  • Assessed Improvements Value: $419,800

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 631154
  • Previous Sale Recording Date: Jul 01, 1979
  • Previous Sale Amount: $73,000
  • 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:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1884 ft²

Average Home Age

81.2 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72892736

Frequently Asked Questions

When was property at 32 Reservoir Road built and last sold?
The property at 32 Reservoir Road was built in 1979 and last sold on Nov 15, 2021 for $570,000.
How much is this home worth?
The estimated value of the home located at 32 Reservoir Road is $0.
What are some comparable homes to 32 Reservoir Road?
There are currently no comparable homes to 32 Reservoir Road.
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