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Gloucester 01930
5 Elmo Lane
Photo of 5 Elmo Lane
Sold on Jul 29, 2011

1

Map

$780,000
● House - Off Market

5 Elmo Lane

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,631 Ft²
$1,687,112
RealtyHop Estimate
119.11%
Since Aug 1, 2011
National-US
Primary Model

About This Property

Wingaersheek/Coffins Beach sprawling Ranch with sweeping views of Ipswich Bay and beyond.  Featuring 2 fireplaced living rooms, open kitchen/dining room combination, sunroom and finished lower level.  Potential in law suite with addtional expansion capabilities.  Includes beautiful landscaped yard with large viewing deck for summer fun and grilling pleasure.
Unit Size
2,631 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$293
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
1954

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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: 3 months ago (MLSPIN #71219929)

Price History

Date / Event Date Event Price
Jul 29, 2011 Sold
Premium
Sold
Apr 21, 2011 Listed by Coldwell Banker Residential Brokerage - Gloucester $769,999
Listed by Coldwell Banker Residential Brokerage - Gloucester

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 7
  • Basement Area: 1,957
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,049
  • Total Building Area: 1,534
  • Gross Building Area: 4,313
  • Building Area: 1,534
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,534
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST GLOUCESTER
  • Land Acres: 0000000277
  • 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: 221902

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0257 B:0136 L:0000
  • Block: 136
  • Municipality: GLOUCESTER
  • Latitude: 42.6532
  • Longitude: -70.6958

    Address

  • Full Address: 5 Elmo Ln
  • Address - House Number: 5
  • Address - Street Name: Elmo
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1409
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,300,900

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,523,864
  • High Value: 1,766,757
  • Low Value: 1,280,972

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,337,000
  • Assessed Land Value: $838,500
  • Assessed Improvements Value: $498,500

    Sales

  • Current Sale Recording Date: Jul 29, 2011
  • Current Sale Price:
    Premium
  • Current 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:

$699,900

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

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Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 71219929

Frequently Asked Questions

When was property at 5 Elmo Lane built and last sold?
The property at 5 Elmo Lane was built in 1954 and last sold on Jan 1, 1970 for $780,000.
How much is this home worth?
The estimated value of the home located at 5 Elmo Lane is $807,461.
What are some comparable homes to 5 Elmo Lane?
There are currently no comparable homes to 5 Elmo Lane.
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