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Gloucester 01930
5 Norseman Avenue
Photo of 5 Norseman Avenue
Sold on May 10, 2005

1

Map

$316,000
● House - Off Market

5 Norseman Avenue

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
954 Ft²
$594,178
RealtyHop Estimate
80.60%
Since Jun 1, 2005
National-US
Primary Model

About This Property

Cute Lanesville Victorian. Wrap around porch. Open kitchen, dining and living area. Wood floors, 3 bedrooms, 1 1/2 baths. Walk to water, Lanes Cove, and Lanesville Center.
Unit Size
954 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$345
Property Type
House
Property Taxes
$190
HOA Dues
-
Year Built
1870

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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: 6 months ago (MLSPIN #70143942)

Price History

Date / Event Date Event Price
Nov 20, 2020 Sold
Premium
Sold
Sep 28, 2020 Listed $449,000
Listed
May 12, 2005 Sold
Premium
Sold
Feb 9, 2005 Listed $329,000
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • 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: 15
  • 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: 612
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,800
  • Total Building Area: 855
  • Gross Building Area: 2,070
  • Building Area: 855
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 855
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000064
  • 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: 221100

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0144 B:0051 L:0000
  • Block: 51
  • Municipality: GLOUCESTER
  • Latitude: 42.6808
  • Longitude: -70.6526

    Address

  • Full Address: 5 Norseman Ave
  • Address - House Number: 5
  • Address - Street Name: Norseman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C020
  • 4-Digit Zip Code: 1026
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $458,900

    Appraisal Valuation

  • Standard Deviation: 0.2454
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 605,166
  • High Value: 753,727
  • Low Value: 456,605

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,600
  • Assessed Land Value: $168,500
  • Assessed Improvements Value: $303,100

    Sales

  • Current Sale Contract Date: Nov 14, 2020
  • Current Sale Recording Date: Nov 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201120003850
  • Previous Sale Recording Date: May 12, 2005
  • Previous Sale Amount: $316,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70143942

Frequently Asked Questions

When was property at 5 Norseman Avenue built and last sold?
The property at 5 Norseman Avenue was built in 1870 and last sold on Nov 14, 2020 for $450,000.
How much is this home worth?
The estimated value of the home located at 5 Norseman Avenue is $447,007.
What are some comparable homes to 5 Norseman Avenue?
There are currently no comparable homes to 5 Norseman Avenue.
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