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Gloucester 01930
40 Thurston Point Road
$1,400,000
● House - Off Market

40 Thurston Point Road

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,584 Ft²
$1,909,531
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

ANNISQUAM RIVER FRONTAGE WITH DEEP WATER DOCK!  Boating season is here! Launch your boat off your own private deep water dock, fish to your heart's content, then come home and relax and enjoy life on your waterfront deck. Plenty of room for the whole family indoors and out. Parking galore, plus  a 2 car garage. Water views from living room and sliders from family room on lower level overlook your private yard and the river.. Porch with direct river views is perfect for sipping ice tea and reading your favorite novel while watching the boats sail by. No Flood Insurance Needed! Don't miss this one, it is a true gem!
Unit Size
1,584 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$820
Property Type
House
Property Taxes
$1,215
HOA Dues
-
Year Built
1923

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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 #72511553)

Price History

Date / Event Date Event Price
Jun 28, 2019 Sold
Premium
Sold
Jun 3, 2019 Listed by Churchill Properties $1,299,000
Listed by Churchill Properties
May 1, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 768
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,300
  • Total Building Area: 1,584
  • Gross Building Area: 2,568
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000742
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221800

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0098 B:0017 L:0000
  • Block: 17
  • Municipality: GLOUCESTER
  • Latitude: 42.6372
  • Longitude: -70.6845

    Address

  • Full Address: 40 Thurston Point Rd
  • Address - House Number: 40
  • Address - Street Name: Thurston Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1616
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,308,600

    Appraisal Valuation

  • Standard Deviation: 0.1911
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 1,815,254
  • High Value: 2,162,291
  • Low Value: 1,468,216

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,372,700
  • Assessed Land Value: $1,676,600
  • Assessed Improvements Value: $696,100

    Sales

  • Current Sale Contract Date: Jun 28, 2019
  • Current Sale Recording Date: Jun 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190628001610
  • Previous Sale Recording Date: May 01, 1995
  • Previous Sale Amount: $365,000
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72511553

Frequently Asked Questions

When was property at 40 Thurston Point Road built and last sold?
The property at 40 Thurston Point Road was built in 1923 and last sold on Jun 28, 2019 for $1,400,000.
How much is this home worth?
The estimated value of the home located at 40 Thurston Point Road is $1,296,969.
What are some comparable homes to 40 Thurston Point Road?
There are currently no comparable homes to 40 Thurston Point Road.
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