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Gloucester 01930
4 Echo Ave
$530,000
● House - Off Market

4 Echo Ave

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,685 Ft²
$794,185
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Design and quality! You'll find an abundance of both in this beautiful Cape that sits on a double lot on a side street in the Riverdale section of Gloucester. Indeed there are peeks of the river from the deck off the gorgeous master bedroom with its two large closets, high ceilings, and architectural detail. Elegant molding and inlaid flooring are just some of the custom elements you'll find throughout this 3-4 bedroom, 1 full, 2 half bath home. Other features include a 1st floor laundry room, walk-out basement, attic storage, a private patio, parking for 3-4 cars, and a graceful farmer's porch that overlooks the lovely yard. Plum Cove and Good Harbor Beach are not far. You'll love to come home from the beach and rinse off in the private outdoor shower behind the house. A wonderful lifestyle awaits you!
Unit Size
1,685 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$312
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1931

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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 #72344040)

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold
Premium
Sold
Aug 27, 2018 Sold
Premium
Sold
Jun 12, 2018 Listed by Sagan Harborside Sotheby's International Realty $525,000
Listed by Sagan Harborside Sotheby's International Realty
Sep 30, 2013 Sold
Premium
Sold
Aug 15, 2013 Listed by Sagan Harborside Sotheby's International Realty $450,000
Listed by Sagan Harborside Sotheby's International Realty
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 782
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,500
  • Total Building Area: 1,685
  • Gross Building Area: 3,435
  • Building Area: 1,685
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,685
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CONIFER HILL EXEC CON
  • Land Acres: 0000000103
  • 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:0109 B:0068 L:0000
  • Block: 68
  • Municipality: GLOUCESTER
  • Latitude: 42.6341
  • Longitude: -70.6741

    Address

  • Full Address: 4 Echo Ave
  • Address - House Number: 4
  • Address - Street Name: Echo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C028
  • 4-Digit Zip Code: 1825
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $654,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 681,839
  • High Value: 789,538
  • Low Value: 574,140

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $673,000
  • Assessed Land Value: $139,200
  • Assessed Improvements Value: $533,800

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210730007200
  • Previous Sale Recording Date: Aug 27, 2018
  • Previous Sale Amount: $530,000
  • 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

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72344040

Frequently Asked Questions

When was property at 4 Echo Avenue built and last sold?
The property at 4 Echo Avenue was built in 1931 and last sold on Jul 30, 2021 for $750,000.
How much is this home worth?
The estimated value of the home located at 4 Echo Avenue is $547,154.
What are some comparable homes to 4 Echo Avenue?
There are currently no comparable homes to 4 Echo Avenue.
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