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Gloucester 01930
507 Washington St
$315,000
● House - Off Market

507 Washington St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,602 Ft²
$558,593
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

Three bedroom 1 bath colonial located in the Riverdale section of Gloucester. Beautiful views of the Mill River and Ipswich Bay from the front porch and master bedroom. A sliding door in the dining room leads to a good sized deck and nice back and side yard for entertaining. There is a finished walk-up attic and heated basement not included in the square footage. Come with your ideas!! Many possibilities! This a great opportunity to build some sweat equity!
Unit Size
1,602 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$212
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1915

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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 months ago (MLSPIN #72077011)

Price History

Date / Event Date Event Price
Mar 7, 2017 Sold
Premium
Sold
Oct 4, 2016 Listed by Harborside Sotheby's International Realty $339,000
Listed by Harborside Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • 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: 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: 840
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,550
  • Total Building Area: 1,945
  • Gross Building Area: 4,155
  • Building Area: 1,945
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,945
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000127
  • 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-10

Geography

  • Parcel: GLOU M:0110 B:0033 L:0000
  • Block: 33
  • Municipality: GLOUCESTER
  • Latitude: 42.6382
  • Longitude: -70.673

    Address

  • Full Address: 507 Washington St
  • Address - House Number: 507
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C028
  • 4-Digit Zip Code: 1790
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $599,900

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 608,365
  • High Value: 714,024
  • Low Value: 502,706

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $616,500
  • Assessed Land Value: $146,600
  • Assessed Improvements Value: $469,900

    Sales

  • Current Sale Recording Date: Mar 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 334
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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1949 ft²

Average Home Age

77.5 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# 72077011

Frequently Asked Questions

When was property at 507 Washington Street built and last sold?
The property at 507 Washington Street was built in 1915 and last sold on Jan 1, 1970 for $315,000.
How much is this home worth?
The estimated value of the home located at 507 Washington Street is $365,538.
What are some comparable homes to 507 Washington Street?
There are currently no comparable homes to 507 Washington Street.
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