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Gloucester 01930
5 Colonial Street
$461,000
● House - Off Market

5 Colonial Street

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,600 Ft²
$728,096
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

GUTTED TO THE STUDS! 2017 NEW CONSTRUCTION. Fully insulated, star energy windows and doors. 30 year architectural shingles, tankless hot water on demand. Dining room with coffered ceiling and lighting. Hardwoods and tile flooring throughout, with granite baths and kitchen with stainless steel appliances. Composite porch and back deck with private yard. Short distance to the commuter rail, and to 128. Dead end street. Be the buyer to turn the key to this new beautiful home!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$287
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
2016

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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 #72241292)

Price History

Date / Event Date Event Price
Nov 27, 2017 Sold
Premium
Sold
Oct 11, 2017 Listed by J. Barrett & Company $459,000
Listed by J. Barrett & Company
Nov 22, 2016 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,175
  • Total Building Area: 1,872
  • Gross Building Area: 3,268
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • 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:0059 L:0000
  • Block: 59
  • Municipality: GLOUCESTER
  • Latitude: 42.6208
  • Longitude: -70.6702

    Address

  • Full Address: 5 Colonial St
  • Address - House Number: 5
  • Address - Street Name: Colonial
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C002
  • 4-Digit Zip Code: 2609
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $647,300

    Appraisal Valuation

  • Standard Deviation: 0.1741
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 717,740
  • High Value: 842,766
  • Low Value: 592,714

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $665,300
  • Assessed Land Value: $150,700
  • Assessed Improvements Value: $514,600

    Sales

  • Current Sale Recording Date: Nov 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171127003660
  • Previous Sale Recording Date: Nov 22, 2016
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: 55
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72241292

Frequently Asked Questions

When was property at 5 Colonial Street built and last sold?
The property at 5 Colonial Street was built in 2016 and last sold on Jan 1, 1970 for $461,000.
How much is this home worth?
The estimated value of the home located at 5 Colonial Street is $482,865.
What are some comparable homes to 5 Colonial Street?
There are currently no comparable homes to 5 Colonial Street.
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