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Gloucester 01930
51 Lexington Ave
$800,000
● House - Off Market

51 Lexington Ave

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,542 Ft²
$1,231,822
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Magnolia Beauty. Enjoy ocean views from this classic "cottage". Relax on the expansive wrap around deck or in the lovely, private backyard. Stroll along the ocean's edge viewing some of the best sunsets on the North Shore. This unique home transports one back to another era, an expansive living room with gorgeous sweeping staircase sets the stage for many period details. Sun splashed dining room , kitchen and den flow beautifully from room to room.  Preserve the period decor or easily update with contemporary colors. This home is in excellent condition and boasts a large master suite, with 1-2 more bedrooms on the 2nd floor. A legal 2-family, there is a full apartment on the lower level AND an au pair or in law suite on the the 3rd floor. The possibilities are endless!
Unit Size
3,542 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$236
Property Type
House
Property Taxes
$914
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: 5 months ago (MLSPIN #72447020)

Price History

Date / Event Date Event Price
May 2, 2019 Sold
Premium
Sold
Jan 29, 2019 Listed by Coldwell Banker Residential Brokerage - Manchester $835,000
Listed by Coldwell Banker Residential Brokerage - Manchester
Nov 19, 2003 Sold
Premium
Sold
May 29, 2003 Listed by Coldwell Banker Residential Brokerage - Manchester $895,000
Listed by Coldwell Banker Residential Brokerage - Manchester

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,440
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,212
  • Total Building Area: 3,449
  • Gross Building Area: 7,346
  • Building Area: 3,449
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 3,449
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000211
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221901

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0167 B:0038 L:0000
  • Block: 38
  • Municipality: GLOUCESTER
  • Latitude: 42.5745
  • Longitude: -70.7124

    Address

  • Full Address: 51 Lexington Ave
  • Address - House Number: 51
  • Address - Street Name: Lexington
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C025
  • 4-Digit Zip Code: 3949
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,176,100

    Appraisal Valuation

  • Standard Deviation: 0.1618
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,202,268
  • High Value: 1,396,906
  • Low Value: 1,007,630

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,208,700
  • Assessed Land Value: $383,400
  • Assessed Improvements Value: $825,300

    Sales

  • Current Sale Contract Date: Apr 23, 2019
  • Current Sale Recording Date: May 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190502001780
  • Previous Sale Recording Date: Nov 19, 2003
  • Previous Sale Amount: $850,000
  • 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

$444

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1982 ft²

Average Home Age

82.2 years

Currently For Sale

94 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: 5 months ago
Data Source: MLS PIN, MLS# 72447020

Frequently Asked Questions

When was property at 51 Lexington Avenue built and last sold?
The property at 51 Lexington Avenue was built in 1920 and last sold on Apr 23, 2019 for $800,000.
How much is this home worth?
The estimated value of the home located at 51 Lexington Avenue is $886,842.
What are some comparable homes to 51 Lexington Avenue?
There are currently no comparable homes to 51 Lexington Avenue.
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