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Gloucester 01930
5 Cape Terrace
$325,000
● House - Off Market

5 Cape Terrace

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,920 Ft²
$651,810
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

This charming East Gloucester home is located on a quiet side street it features hardwood floors a newly tiled bath & kitchen with granite counter tops stainless steel appliances & tiled floor. With a large fenced in yard, Reeds Ferry shed & ample off street parking all within walking distance to historic Rocky Neck art galleries and restaurants, Gloucester Stage Company Theater, ocean & beaches.
Unit Size
1,920 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$174
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1956

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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 #71537145)

Price History

Date / Event Date Event Price
Sep 30, 2021 Sold
Premium
Sold
Aug 18, 2021 Listed by Beaton Real Estate $519,000
Listed by Beaton Real Estate
Aug 28, 2013 Sold
Premium
Sold
Jun 5, 2013 Listed by Beaton Real Estate $335,000
Listed by Beaton Real Estate
Dec 1, 1998 Sold
Premium
Sold
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 960
  • Gross Building Area: 2,080
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 221300

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0081 B:0016 L:0000
  • Block: 16
  • Municipality: GLOUCESTER
  • Latitude: 42.6052
  • Longitude: -70.6508

    Address

  • Full Address: 5 Cape Ter
  • Address - House Number: 5
  • Address - Street Name: Cape
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4200
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $510,100

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 605,471
  • High Value: 705,995
  • Low Value: 504,947

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,300
  • Assessed Land Value: $190,200
  • Assessed Improvements Value: $334,100

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Sep 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210930007120
  • Previous Sale Recording Date: Aug 28, 2013
  • Previous Sale Amount: $325,000
  • 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

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# 71537145

Frequently Asked Questions

When was property at 5 Cape Terrace built and last sold?
The property at 5 Cape Terrace was built in 1956 and last sold on Sep 30, 2021 for $495,000.
How much is this home worth?
The estimated value of the home located at 5 Cape Terrace is $529,816.
What are some comparable homes to 5 Cape Terrace?
There are currently no comparable homes to 5 Cape Terrace.
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