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Gloucester 01930
4 Gardner Terrace
$397,000
● House - Off Market

4 Gardner Terrace

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,716 Ft²
$621,369
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

This solid colonial home is set in the desirable Riverdale neighborhood, situated on a dead end street with peak-a-boo seasonal river views and close proximity to Goose Cove Reservoir, Dogtown Commons and convenient highway access.  On the first floor enjoy a living room with an abundance of natural light and built-in shelving, dining room with hardwood floors and kitchen.  Just off the kitchen is an over-sized three season porch overlooking a private yard.  Upstairs you will find 3 bedrooms, a small office space and full bath. Need more living space?  The finished lower with fire-place, full bath and bonus room lend itself to many living options. Some minor cosmetic /interior updates will make this home shine!
Unit Size
1,716 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$247
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
1951

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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 #72525207)

Price History

Date / Event Date Event Price
Nov 1, 2019 Sold
Premium
Sold
Jun 26, 2019 Listed by Century 21 North East $424,500
Listed by Century 21 North East
Aug 26, 2004 Sold
Premium
Sold
Jun 22, 2004 Listed by Century 21 North East $425,000
Listed by Century 21 North East

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • 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: 9
  • Basement Area: 675
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,800
  • Total Building Area: 1,689
  • Gross Building Area: 2,376
  • Building Area: 1,689
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,689
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000271
  • 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:0110 B:0052 L:0000
  • Block: 52
  • Municipality: GLOUCESTER
  • Latitude: 42.6385
  • Longitude: -70.672

    Address

  • Full Address: 4 Gardner Ter
  • Address - House Number: 4
  • Address - Street Name: Gardner
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C028
  • 4-Digit Zip Code: 1711
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $552,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 604,217
  • High Value: 716,077
  • Low Value: 492,358

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $567,700
  • Assessed Land Value: $181,100
  • Assessed Improvements Value: $386,600

    Sales

  • Current Sale Contract Date: Oct 28, 2019
  • Current Sale Recording Date: Nov 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191101005420
  • Previous Sale Recording Date: Aug 26, 2004
  • Previous Sale Amount: $392,000
  • 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:

$699,900

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# 72525207

Frequently Asked Questions

When was property at 4 Gardner Terrace built and last sold?
The property at 4 Gardner Terrace was built in 1951 and last sold on Oct 28, 2019 for $397,000.
How much is this home worth?
The estimated value of the home located at 4 Gardner Terrace is $448,466.
What are some comparable homes to 4 Gardner Terrace?
There are currently no comparable homes to 4 Gardner Terrace.
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