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Gloucester 01930
37 Gloucester Avenue
$373,000
● House - Off Market

37 Gloucester Avenue

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,708 Ft²
$592,959
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

Solid 3 bed, 1.5 bath Colonial with eat-in kitchen, dining/living areas and office with separate entry, perfect for home-based small business. Hardwood throughout, this home is filled with sunlight and ready to move in. Dining area leads to large living room with fireplace and picture windows. Basement is partially finished with playroom and laundry. Fenced deck is handy for the dog which leads to lovely low-maintenance backyard and oversized garage. Situated on a corner lot in nice neighborhood, 1/2 mile to town and 1/4 mile to highway!
Unit Size
1,708 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$222
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1965

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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 #72267080)

Price History

Date / Event Date Event Price
Oct 21, 2020 Sold
Premium
Sold
Feb 27, 2018 Sold
Premium
Sold
Jan 2, 2018 Listed by RE/MAX Advantage Real Estate $379,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 672
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,540
  • Gross Building Area: 2,333
  • Building Area: 1,540
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,540
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 221600

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0038 B:0053 L:0000
  • Block: 53
  • Municipality: GLOUCESTER
  • Latitude: 42.6216
  • Longitude: -70.6735

    Address

  • Full Address: 37 Gloucester Ave
  • Address - House Number: 37
  • Address - Street Name: Gloucester
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C009
  • 4-Digit Zip Code: 2257
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $564,000

    Appraisal Valuation

  • Standard Deviation: 0.1871
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 550,382
  • High Value: 653,371
  • Low Value: 447,392

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $579,700
  • Assessed Land Value: $143,000
  • Assessed Improvements Value: $436,700

    Sales

  • Current Sale Contract Date: Oct 16, 2020
  • Current Sale Recording Date: Oct 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201021004080
  • Previous Sale Recording Date: Feb 27, 2018
  • Previous Sale Amount: $373,000
  • Previous 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# 72267080

Frequently Asked Questions

When was property at 37 Gloucester Avenue built and last sold?
The property at 37 Gloucester Avenue was built in 1965 and last sold on Oct 16, 2020 for $528,000.
How much is this home worth?
The estimated value of the home located at 37 Gloucester Avenue is $408,094.
What are some comparable homes to 37 Gloucester Avenue?
There are currently no comparable homes to 37 Gloucester Avenue.
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