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Gloucester 01930
43 Farrington Avenue
$750,000
● Land - Off Market

43 Farrington Avenue

Gloucester, MA 01930
bedrooms
Studio
bathrooms
0 Bath
$905,506
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Very rare opportunity to buy vacant land fully permitted to support a single family home, Build new in storybook setting in East Gloucester, Land lot being sold as is comprising of 1 acre abutting Niles Pond and moments from Niles Beach in an area that supports living your best life surrounded by amenities that include conservation and protected land, hiking and biking trails, Bass Rocks Golf Course, Rocky Neck, Eastern Point Yacht Club, Gloucester Stage and so much more. The site's orientation offers natural separation from neighboring homes, providing a rare opportunity to build new moments from downtown. No electric, water/sewer at present. Buyer responsible for their own due diligence. Approved house plans and order of condition in hand.
Unit Size
-
Days on Market
-
Land Size
1.06 acres
Price per sqft
-
Property Type
Land
Property Taxes
$32
HOA Dues
-
Year Built
-

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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 #73051325)

Price History

Date / Event Date Event Price
Apr 7, 2023 Sold
Premium
Sold
Dec 3, 2022 In contract -
In contract
Dec 2, 2022 Relisted $890,000
Relisted
Dec 1, 2022 No longer available -
No longer available
Oct 24, 2022 Listed by Compass $890,000
Listed by Compass
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,174
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000001060
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

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

Zoning

  • Zoning: RC-40

Geography

  • Parcel: GLOU M:0134 B:0042 L:0000
  • Block: 42
  • Municipality: GLOUCESTER
  • Latitude: 42.5949
  • Longitude: -70.6486

    Address

  • Full Address: 43 Farrington Ave
  • Address - House Number: 43
  • Address - Street Name: Farrington
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4255
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $789,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $811,300
  • Assessed Land Value: $811,300

    Sales

  • Current Sale Contract Date: Mar 01, 2023
  • Current Sale Recording Date: Apr 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20230407000770
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

1928 ft²

Average Home Age

77.9 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# 73051325

Frequently Asked Questions

When was property at 43 Farrington Avenue built and last sold?
The property at 43 Farrington Avenue was built in and last sold on Mar 1, 2023 for $750,000.
How much is this home worth?
The estimated value of the home located at 43 Farrington Avenue is $898,900.
What are some comparable homes to 43 Farrington Avenue?
There are currently no comparable homes to 43 Farrington Avenue.
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