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Gloucester 01930
5 Lighthouse Way
$370,000
● House - Off Market

5 Lighthouse Way

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,650 Ft²
$664,453
RealtyHop Estimate
70.81%
Since May 1, 2007
National-US
Primary Model

About This Property

East Gloucester: delightful 3 bedroom Colonial home newly renovated with an "Arts & Crafts" flair.  Living room with fireplace/wood stove, dining room, updated kitchen with granite counters 1 and 1/2 baths.  Steps to Niles Beach and close to Rocky Neck.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$236
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1920

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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: 4 years ago (MLSPIN #70528838)

Price History

Date / Event Date Event Price
Apr 20, 2007 Sold
Premium
Sold
Feb 21, 2007 Listed by Coldwell Banker Realty - Gloucester $389,000
Listed by Coldwell Banker Realty - Gloucester
Aug 31, 2001 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,150
  • Total Building Area: 1,650
  • Gross Building Area: 1,880
  • Building Area: 1,650
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,650
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000118
  • 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:0132 B:0017 L:0000
  • Block: 17
  • Municipality: GLOUCESTER
  • Latitude: 42.5999
  • Longitude: -70.6543

    Address

  • Full Address: 5 Lighthouse Way
  • Address - House Number: 5
  • Address - Street Name: Lighthouse
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4277
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $710,000

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 768,745
  • High Value: 886,735
  • Low Value: 650,756

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $729,700
  • Assessed Land Value: $289,800
  • Assessed Improvements Value: $439,900

    Sales

  • Current Sale Recording Date: Apr 20, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 31, 2001
  • Previous Sale Amount: $310,000
  • 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:

$699,900

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: 4 years ago
Data Source: MLS PIN, MLS# 70528838

Frequently Asked Questions

When was property at 5 Lighthouse Way built and last sold?
The property at 5 Lighthouse Way was built in 1920 and last sold on Jan 1, 1970 for $370,000.
How much is this home worth?
The estimated value of the home located at 5 Lighthouse Way is $414,729.
What are some comparable homes to 5 Lighthouse Way?
There are currently no comparable homes to 5 Lighthouse Way.
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