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Gloucester 01930
5 Davis Street
Photo of 5 Davis Street
Sold on Oct 21, 2011

1

Map

$296,000
● House - Off Market

5 Davis Street

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,062 Ft²
$688,761
RealtyHop Estimate
127.31%
Since Nov 1, 2011
National-US
Primary Model

About This Property

Charming two bedroom home in a very desirable neighborhood in East Gloucester just steps away from E. Gloucester Elementary, with beaches, restaurants, live theatre, and Rocky Neck Art Colony nearby.  Kitchen leads to a large deck overlooking a lovely enclosed back yard, with mature plantings and gardens. Improvements include a five year new gas heating system, hot water heater, and updates to kitchen, bedrooms, and bath.  Perfect starter home, or great investment for second as well.
Unit Size
1,062 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$285
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1810

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 13 days ago (MLSPIN #71269141)

Price History

Date / Event Date Event Price
May 15, 2019 Sold
Premium
Sold
Mar 4, 2019 Listed by RE/MAX Advantage Real Estate $376,000
Listed by RE/MAX Advantage Real Estate
Oct 21, 2011 Sold
Premium
Sold
Aug 1, 2011 Listed by RE/MAX Advantage Real Estate $303,000
Listed by RE/MAX Advantage Real Estate
May 27, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1810
  • Effective Year Built: 1810
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 544
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,230
  • Total Building Area: 976
  • Gross Building Area: 1,750
  • Building Area: 976
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 976
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • 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-10

Geography

  • Parcel: GLOU M:0059 B:0010 L:0000
  • Block: 10
  • Municipality: GLOUCESTER
  • Latitude: 42.6093
  • Longitude: -70.6483

    Address

  • Full Address: 5 Davis St
  • Address - House Number: 5
  • Address - Street Name: Davis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C027
  • 4-Digit Zip Code: 3838
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $470,800

    Appraisal Valuation

  • Standard Deviation: 0.2429
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 498,492
  • High Value: 619,604
  • Low Value: 377,381

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $483,900
  • Assessed Land Value: $200,900
  • Assessed Improvements Value: $283,000

    Sales

  • Current Sale Contract Date: May 10, 2019
  • Current Sale Recording Date: May 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190515002160
  • Previous Sale Recording Date: Oct 21, 2011
  • Previous Sale Amount: $296,000
  • Previous Sale Document Type: 27
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

57

Average Home Size

2084 ft²

Average Home Age

77.9 years

Currently For Sale

85 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

Currently no nearby rentals
Last Updated: 13 days ago
Data Source: MLS PIN, MLS# 71269141

Frequently Asked Questions

When was property at 5 Davis Street built and last sold?
The property at 5 Davis Street was built in 1810 and last sold on May 10, 2019 for $367,500.
How much is this home worth?
The estimated value of the home located at 5 Davis Street is $381,310.
What are some comparable homes to 5 Davis Street?
There are currently no comparable homes to 5 Davis Street.
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