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Gloucester 01930
5 Mount Pleasant
$462,000
● House - Off Market

5 Mount Pleasant

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,978 Ft²
$755,001
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

CASH BUYER needed for this property. Buyer's responsibility to connect to city sewer. Two estimates attached: Sewer/ Mill River Consultants-appr.10k for SEWER DESIGN and Araneo Landworks is appr. 60K for INSTALLATION/CONSTRUCTION. This home is spacious, bright with multiple skylights and sliders throughout. The location is phenomenal. Adjacent to Bass Rocks Country Club and just 2 blocks to famous Good Harbor Beach. Open concept with grand living area and huge sunroom, wood floors, 4 bedrooms, master suite, 2.5 bath, patio and shed. Large office with fireplace and separate entry; great for in-home business. Live just steps to Cape Ann's BACKSHORE, ROCKY NECK and GOOD HARBOR. Walk to the beach and rinse off in outside shower! Priced below assessment to reflect the sewer connection needed.
Unit Size
2,978 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$168
Property Type
House
Property Taxes
$638
HOA Dues
-
Year Built
1964

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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 #72334329)

Price History

Date / Event Date Event Price
Jul 25, 2019 Sold
Premium
Sold
Jul 25, 2018 Sold
Premium
Sold
May 28, 2018 Listed by RE/MAX Advantage Real Estate $499,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 11,300
  • Total Building Area: 2,978
  • Gross Building Area: 3,684
  • Building Area: 2,978
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,978
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000259
  • 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:0057 B:0001 L:0000
  • Block: 1
  • Municipality: GLOUCESTER
  • Latitude: 42.6119
  • Longitude: -70.6428

    Address

  • Full Address: 5 Mount Pleasant Ave
  • Address - House Number: 5
  • Address - Street Name: Mount Pleasant
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C027
  • 4-Digit Zip Code: 4305
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,088,000

    Appraisal Valuation

  • Standard Deviation: 0.1892
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 958,990
  • High Value: 1,140,478
  • Low Value: 777,501

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,118,200
  • Assessed Land Value: $314,200
  • Assessed Improvements Value: $804,000

    Sales

  • Current Sale Contract Date: Jul 24, 2019
  • Current Sale Recording Date: Jul 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 603895
  • Previous Sale Recording Date: Jul 25, 2018
  • Previous Sale Contract Date: Jul 17, 2018
  • Previous Sale Amount: $462,000
  • 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

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# 72334329

Frequently Asked Questions

When was property at 5 Mount Pleasant Way built and last sold?
The property at 5 Mount Pleasant Way was built in 1964 and last sold on Jul 24, 2019 for $840,000.
How much is this home worth?
The estimated value of the home located at 5 Mount Pleasant Way is $552,417.
What are some comparable homes to 5 Mount Pleasant Way?
There are currently no comparable homes to 5 Mount Pleasant Way.
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