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Gloucester 01930
45 Magnolia Ave
$553,500
● House - Off Market

45 Magnolia Ave

Gloucester, MA 01930
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,558 Ft²
$1,002,390
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

Near the Village of Magnolia, this lovely Mansard roofed 5 bedroom home with 4 levels sits on a beautiful lot. Comfortable & charming living with 4 zone heating and 2 car garage under. Showings to begin at the open house, Sunday June 7th, 1:00 - 2:30pm.
Unit Size
2,558 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$221
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
1920

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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: 5 months ago (MLSPIN #71849660)

Price History

Date / Event Date Event Price
Dec 17, 2021 Sold
Premium
Sold
Sep 23, 2021 Listed by Coldwell Banker Residential Brokerage - Gloucester $799,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Nov 5, 2015 Sold
Premium
Sold
Jun 3, 2015 Listed by Coldwell Banker Residential Brokerage - Gloucester $565,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Oct 26, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 5
  • 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: 11
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 396
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,767
  • Total Building Area: 2,772
  • Gross Building Area: 4,491
  • Building Area: 2,772
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,772
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000546
  • 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: R-30

Geography

  • Parcel: GLOU M:0173 B:0016 L:0000
  • Block: 16
  • Municipality: GLOUCESTER
  • Latitude: 42.5817
  • Longitude: -70.7148

    Address

  • Full Address: 45 Magnolia Ave
  • Address - House Number: 45
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C025
  • 4-Digit Zip Code: 5131
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $896,600

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 895,100
  • High Value: 1,038,072
  • Low Value: 752,128

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $921,500
  • Assessed Land Value: $209,000
  • Assessed Improvements Value: $712,500

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211217005030
  • Previous Sale Recording Date: Nov 05, 2015
  • Previous Sale Amount: $553,500
  • 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:

$699,000

Sale Price/ft²

$448

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2011 ft²

Average Home Age

81.6 years

Currently For Sale

94 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: 5 months ago
Data Source: MLS PIN, MLS# 71849660

Frequently Asked Questions

When was property at 45 Magnolia Avenue built and last sold?
The property at 45 Magnolia Avenue was built in 1920 and last sold on Dec 17, 2021 for $810,000.
How much is this home worth?
The estimated value of the home located at 45 Magnolia Avenue is $827,447.
What are some comparable homes to 45 Magnolia Avenue?
There are currently no comparable homes to 45 Magnolia Avenue.
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