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Gloucester 01930
38 Witham St
$375,000
● House - Off Market

38 Witham St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,109 Ft²
$560,314
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Just over a mile to putting your toes in the sand of Good Harbor Beach from this two to three bedroom charming home set on a half acre lot planted with dozens of perennials in the gardens. Lily, Siberian iris, hyacinth, bleeding heart, tulips, solomon seal, peony, lily of the valley lavender, phlox, hosta, Clematis, yarrow, hydrangea are just a sampling of this wonderful setting.   The first floor has a breakfast nook and kitchen with Corian counters which opens to the livingroom with exposed beam ceiling. A room off the livingroom can be used as a first floor bedroom since there is also a full bath on this level.  The second level has three rooms - two used as bedrooms and one as either a large closet or office. Perfect timing - be in by Spring.  Floor plan available.
Unit Size
1,109 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$332
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1866

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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 #72284460)

Price History

Date / Event Date Event Price
May 10, 2018 Sold
Premium
Sold
Feb 22, 2018 Listed by RE/MAX Advantage Real Estate $368,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1866
  • Effective Year Built: 1866
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 208
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,700
  • Total Building Area: 1,109
  • Gross Building Area: 1,743
  • Building Area: 1,109
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,109
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WITHHAM STREET
  • Land Acres: 0000000521
  • 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: 221300

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0161 B:0021 L:0000
  • Block: 21
  • Municipality: GLOUCESTER
  • Latitude: 42.6279
  • Longitude: -70.6316

    Address

  • Full Address: 38 Witham St
  • Address - House Number: 38
  • Address - Street Name: Witham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C008
  • 4-Digit Zip Code: 4505
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $460,600

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 392,556
  • High Value: 464,676
  • Low Value: 320,435

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $473,400
  • Assessed Land Value: $249,500
  • Assessed Improvements Value: $223,900

    Sales

  • Current Sale Recording Date: May 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180510002300
  • Previous Sale Recording Date: Jul 16, 2009
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72284460

Frequently Asked Questions

When was property at 38 Witham Street built and last sold?
The property at 38 Witham Street was built in 1866 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 38 Witham Street is $382,627.
What are some comparable homes to 38 Witham Street?
There are currently no comparable homes to 38 Witham Street.
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