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Gloucester 01930
42 Mussel Point Road
$1,600,000
● House - Off Market

42 Mussel Point Road

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,200 Ft²
$4,441,771
RealtyHop Estimate
153.96%
Since Jun 1, 2002
National-US
Primary Model

About This Property

.OCEANFRONT-PRESTIGIOUS MUSSEL POINT ENCLAVE OFFERING VIEWS OF ATLANTIC & PASTORAL SETTING. CUSTOM BUILT 4-5 BR, AUPAIR, DESIGNER KIT, LIGHTING, & GRANTIE FPS. FRML RMS ARE GRACIOUS & TRANSITION TO WRAP-ARND ENTERMNT DECK & OUTDOOR LIVING.
Unit Size
4,200 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$416
Property Type
House
Property Taxes
$1,071
HOA Dues
-
Year Built
1992

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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 years ago (MLSPIN #30582402)

Price History

Date / Event Date Event Price
May 15, 2019 Sold
Premium
Sold
Feb 21, 2019 Listed by Keller Williams Realty Evolution $2,250,000
Listed by Keller Williams Realty Evolution
Apr 10, 2017 Sold
Premium
Sold
May 24, 2002 Sold
Premium
Sold
Feb 25, 2002 Listed by Keller Williams Realty Evolution $1,749,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 1,161
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,000
  • Total Building Area: 2,893
  • Gross Building Area: 5,796
  • Building Area: 2,893
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,893
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000918
  • 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: 221901

Zoning

  • Zoning: RC-40

Geography

  • Parcel: GLOU M:0201 B:0148 L:0000
  • Block: 148
  • Municipality: GLOUCESTER
  • Latitude: 42.5891
  • Longitude: -70.6864

    Address

  • Full Address: 42 Mussell Point Rd
  • Address - House Number: 42
  • Address - Street Name: Mussell Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C018
  • 4-Digit Zip Code: 4074
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,987,100

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 2,921,977
  • High Value: 3,369,784
  • Low Value: 2,474,170

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,070,000
  • Assessed Land Value: $1,972,400
  • Assessed Improvements Value: $1,097,600

    Sales

  • Current Sale Contract Date: May 10, 2019
  • Current Sale Recording Date: May 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 601935
  • Previous Sale Recording Date: Apr 10, 2017
  • Previous Sale Contract Date: Mar 22, 2017
  • Previous Sale Amount: $1,412,500
  • 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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1949 ft²

Average Home Age

77.5 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 years ago
Data Source: MLS PIN, MLS# 30582402

Frequently Asked Questions

When was property at 42 Mussel Point Road built and last sold?
The property at 42 Mussel Point Road was built in 1992 and last sold on May 10, 2019 for $2,110,145.
How much is this home worth?
The estimated value of the home located at 42 Mussel Point Road is $0.
What are some comparable homes to 42 Mussel Point Road?
There are currently no comparable homes to 42 Mussel Point Road.
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