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Gloucester 01930
44 Madison Avenue
$159,000
● House - Off Market

44 Madison Avenue

Gloucester, MA 01930
bedrooms
1 Bed
bathrooms
1 Bath
square feet
420 Ft²
$283,702
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Enjoy all that Cape Ann has to offer in your own charming studio style cottage for less than a rental price and more affordable than a condo (no fees) featuring a bright modern eat in kitchen including S/S appliances,cast iron sink and maple floor. The new European style bathroom is unique and a must see.The living room/bedroom combination with bamboo floors,includes a custom built in closet. Exit this room through new french doors to your private fenced in Beacon Hill style patio for outdoor entertaining. Off street parking is a bonus as is the storage shed with electricity. Located close to Route 128, the commuter rail, downtown Gloucester shops,restaurants and Gloucester beaches. This is a perfect condo alternative and/or a weekend getaway for anyone looking for something "cute"and in move in condition.
Unit Size
420 Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$414
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1900

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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 #72116963)

Price History

Date / Event Date Event Price
Apr 28, 2017 Sold
Premium
Sold
Feb 8, 2017 Listed by Coldwell Banker Residential Brokerage - Gloucester $174,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Feb 18, 2016 Sold
Premium
Sold
Dec 31, 2015 Listed by Coldwell Banker Residential Brokerage - Gloucester $169,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Oct 29, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 1,000
  • Total Building Area: 420
  • Gross Building Area: 420
  • Building Area: 420
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 420
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000023
  • 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: 221600

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0039 B:0070 L:0000
  • Block: 70
  • Municipality: GLOUCESTER
  • Latitude: 42.6217
  • Longitude: -70.67

    Address

  • Full Address: 44 Madison Ave
  • Address - House Number: 44
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C009
  • 4-Digit Zip Code: 2638
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $249,300

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 310,891
  • High Value: 367,334
  • Low Value: 254,447

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $256,200
  • Assessed Land Value: $118,000
  • Assessed Improvements Value: $138,200

    Sales

  • Current Sale Recording Date: Apr 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 679
  • Previous Sale Recording Date: Feb 18, 2016
  • Previous Sale Amount: $159,600
  • 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

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72116963

Frequently Asked Questions

When was property at 44 Madison Avenue built and last sold?
The property at 44 Madison Avenue was built in 1900 and last sold on Jan 1, 1970 for $159,000.
How much is this home worth?
The estimated value of the home located at 44 Madison Avenue is $177,177.
What are some comparable homes to 44 Madison Avenue?
There are currently no comparable homes to 44 Madison Avenue.
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