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Gloucester 01930
35 Eastern Ave
$294,000
● House - Off Market

35 Eastern Ave

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,613 Ft²
$476,533
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Located close on the edge of East Gloucester and a short distance to Gloucester harbor sits this circa 1920's 3 bedroom, 2 bath Cape with a 1/4 acre of land.  This home is in need of some TLC and updating but well worth the effort!  Great potential for one-level living with an eat-in kitchen with pantry area, formal dining room with fireplace, living room with hardwood flooring, and  first floor bedroom, laundry and 1st floor bath.  The second level features 2 more bedrooms and another full bath.  A lovely covered porch offers a gracious entrance and spacious large deck offers lovely views of the back yard.  There is a detached barn with a loft that offers lots of potential!  Don't miss out on the opportunity to bring this home back to it's full potential!!  OPEN HOUSE FRIDAY, JUNE 28, 2019 FROM 11:00 TO 12:30!
Unit Size
1,613 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$201
Property Type
House
Property Taxes
$329
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: 4 months ago (MLSPIN #72524536)

Price History

Date / Event Date Event Price
Aug 23, 2019 Sold
Premium
Sold
Jun 24, 2019 Listed by Coldwell Banker Residential Brokerage - Gloucester $325,000
Listed by Coldwell Banker Residential Brokerage - Gloucester

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 1
  • 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: 684
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,400
  • Total Building Area: 1,442
  • Gross Building Area: 2,772
  • Building Area: 1,442
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,442
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000262
  • 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: 221400

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0050 B:0004 L:0000
  • Block: 4
  • Municipality: GLOUCESTER
  • Latitude: 42.6191
  • Longitude: -70.6494

    Address

  • Full Address: 35 Eastern Ave
  • Address - House Number: 35
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C031
  • 4-Digit Zip Code: 3003
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $404,700

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 533,265
  • High Value: 635,130
  • Low Value: 431,401

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $415,900
  • Assessed Land Value: $165,400
  • Assessed Improvements Value: $250,500

    Sales

  • Current Sale Contract Date: Aug 15, 2019
  • Current Sale Recording Date: Aug 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190823004540
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

1919 ft²

Average Home Age

80.1 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# 72524536

Frequently Asked Questions

When was property at 35 Eastern Avenue built and last sold?
The property at 35 Eastern Avenue was built in 1920 and last sold on Aug 15, 2019 for $294,000.
How much is this home worth?
The estimated value of the home located at 35 Eastern Avenue is $351,321.
What are some comparable homes to 35 Eastern Avenue?
There are currently no comparable homes to 35 Eastern Avenue.
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