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Gloucester 01930
2-4 Eastern Point Rd
Photo of 2-4 Eastern Point Rd
Sold on Aug 21, 2008

1

Map

$375,000
● House - Off Market

2-4 Eastern Point Rd

Gloucester, MA 01930
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,142 Ft²
$731,056
RealtyHop Estimate
91.88%
Since Sep 1, 2008
National-US
Primary Model

About This Property

Exceptional waterviews of Wonson's Cove and Gloucester's outer harbor.  This 5 bedroom up-dated Cape on Rocky Neck in East Gloucester has been renovated with an eye for detail.  The attached 1 bedroom cottage in need of extensive renovations as well as the art studio/workshop.  This unique home situated on 0.43 acres is awaiting your finishing touches..
Unit Size
2,142 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$178
Property Type
House
Property Taxes
$414
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: 5 months ago (MLSPIN #70726021)

Price History

Date / Event Date Event Price
Apr 15, 2021 Sold
Premium
Sold
Jan 23, 2021 Listed $1,250,000
Listed
Aug 21, 2008 Sold
Premium
Sold
Mar 13, 2008 Listed $381,000
Listed
Apr 23, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1866
  • Effective Year Built: 1866
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 612
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,700
  • Total Building Area: 3,595
  • Gross Building Area: 5,622
  • Building Area: 3,595
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,595
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000429
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221300

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0131 B:0007 L:0000
  • Block: 7
  • Municipality: GLOUCESTER
  • Latitude: 42.6033
  • Longitude: -70.6543

    Address

  • Full Address: 4 Eastern Point Rd
  • Address - House Number: 4
  • Address - Street Name: Eastern Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4126
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,196,800

    Appraisal Valuation

  • Standard Deviation: 0.2604
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 1,549,679
  • High Value: 1,953,229
  • Low Value: 1,146,129

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,230,000
  • Assessed Land Value: $408,400
  • Assessed Improvements Value: $821,600

    Sales

  • Current Sale Contract Date: Mar 30, 2021
  • Current Sale Recording Date: Apr 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210415002640
  • Previous Sale Recording Date: Aug 21, 2008
  • Previous Sale Amount: $375,000
  • 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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1959 ft²

Average Home Age

78.3 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: 5 months ago
Data Source: MLS PIN, MLS# 70726021

Frequently Asked Questions

When was property at 4 Eastern Point Road built and last sold?
The property at 4 Eastern Point Road was built in 1866 and last sold on Mar 30, 2021 for $1,312,000.
How much is this home worth?
The estimated value of the home located at 4 Eastern Point Road is $1,238,321.
What are some comparable homes to 4 Eastern Point Road?
There are currently no comparable homes to 4 Eastern Point Road.
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