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Gloucester 01930
5 W Parish Lane
$315,000
● House - Off Market

5 W Parish Lane

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
798 Ft²
$334,179
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

HIGHEST & BEST OFFERS DUE Friday, 6/3/2022 by 2:00PM.  Wonderful opportunity for renovation project.  Looking for that special house with potential to be home sweet home?  Well grab your tool bag, bring renovation plans and get started.  This little ranch has level yard & detached garage with storage shed.  The interior has lots of light, ,FP &  wood floors.  Location is super desirable being on a dead-end street off Essex Ave Route 133 & not far from Route 128, West Gloucester train, Wingearsheek Beach, the Annisquam River and Stacey Boulevard.
Unit Size
798 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$395
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1947

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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 #72988442)

Price History

Date / Event Date Event Price
Jun 7, 2023 Sold
Premium
Sold
Dec 30, 2022 Sold
Premium
Sold
Nov 17, 2022 Sold
Premium
Sold
May 27, 2022 Listed by Tache Real Estate, Inc. $315,000
Listed by Tache Real Estate, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • 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: 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: 798
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,340
  • Total Building Area: 798
  • Gross Building Area: 1,596
  • Building Area: 798
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 798
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • 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:0229 B:0054 L:0000
  • Block: 54
  • Municipality: GLOUCESTER
  • Latitude: 42.617
  • Longitude: -70.7098

    Address

  • Full Address: 5 W Parish Ln
  • Address - House Number: 5
  • Street Direction: W
  • Address - Street Name: Parish
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C024
  • 4-Digit Zip Code: 2323
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $297,300

    Appraisal Valuation

  • Standard Deviation: 0.1805
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 456,587
  • High Value: 539,008
  • Low Value: 374,167

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $305,500
  • Assessed Land Value: $151,800
  • Assessed Improvements Value: $153,700

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: Jun 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230607001560
  • Previous Sale Recording Date: Dec 30, 2022
  • Previous Sale Contract Date: Dec 30, 2022
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 71
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

1919 ft²

Average Home Age

80.1 years

Currently For Sale

90 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 months ago
Data Source: MLS PIN, MLS# 72988442

Frequently Asked Questions

When was property at 5 West Parish Lane built and last sold?
The property at 5 West Parish Lane was built in 1947 and last sold on May 30, 2023 for $540,000.
How much is this home worth?
The estimated value of the home located at 5 West Parish Lane is $323,493.
What are some comparable homes to 5 West Parish Lane?
There are currently no comparable homes to 5 West Parish Lane.
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