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Gloucester 01930
53 Western Ave
Photo of 53 Western Ave

24

Map

Photo of 53 Western Ave
Photo of 53 Western Ave
$1,500,000
● House - For Sale

53 Western Ave

Gloucester, MA 01930
bedrooms
9 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,610 Ft²
$8,351
Est. Monthly

About This Property

Step into a piece of history overlooking Gloucester Harbor. Built in 1741 as a single family home, the property is currently used as an inn/multi unit property offering an expansive 4610 square feet of living space.  Large exposed beams and unique features throughout. Conversion back to a single family would create a very stately captains house. Discover the enduring charm and potential of this historic Gloucester residence in the heart of America's oldest seaport.
Unit Size
4,610 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$325
Property Type
House
Property Taxes
$985
HOA Dues
-
Year Built
1741

Listed By

Michael Beaton
Churchill Properties

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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: 8 days ago (MLSPIN #73523156)

Price History

Date / Event Date Event Price
Sep 23, 2026 Relisted $1,500,000
Relisted
Sep 6, 2026 In contract -
In contract
May 23, 2026 Listed by Churchill Properties $1,800,000
Listed by Churchill Properties
Mar 18, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace
Parking Details
Has Garage
Parking Features: Detached, Off Street
Garage Spaces: 2
Open Parking Spaces: 6
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Internet Available - Unknown
Appliances: Electric Water Heater
Flooring Type: Wood
Rooms: 16
Has Fireplace
Fireplaces: 2
Basement: Partial
Exterior Details
Square Footage: 4610
Architectural Style: Colonial, Federal
Year Built Source: Public Records
Year Built: 1741
Waterfront Features: Harbor, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Building Area Total: 4610
Building Area Units: Square Feet
Construction Materials: Post & Beam
Patio and Porch Features: Deck, Patio
Lot Features: Flood Plain
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5770
Water Source: Public
Financial Details
Tax Assessed Value: $1,269,400
Tax Annual Amount: $11,818
Utilities Details
Cooling Type: None
Heating Type: Steam, Oil
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1741
  • Effective Year Built: 1741
  • Building Count: 1
  • Bedroom Count: 9
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 29
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 4
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 930
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,648
  • Total Building Area: 4,628
  • Gross Building Area: 5,774
  • Building Area: 4,628
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 4,628
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000130
  • Standard Land Use Code: 1112
  • County Land Use Code: 111

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221700

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0003 B:0047 L:0000
  • Block: 47
  • Municipality: GLOUCESTER
  • Latitude: 42.6105
  • Longitude: -70.67

    Address

  • Full Address: 53 Western Ave
  • Address - House Number: 53
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C030
  • 4-Digit Zip Code: 3365
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,136,900

    Appraisal Valuation

  • Standard Deviation: 0.1849
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 1,085,142
  • High Value: 1,285,792
  • Low Value: 884,491

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,168,400
  • Assessed Land Value: $401,400
  • Assessed Improvements Value: $767,000

    Sales

  • Current Sale Recording Date: Mar 18, 1994
  • Current Sale Price:
    Premium
  • Current 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:

$699,900

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: 8 days ago
Data Source: MLS PIN, MLS# 73523156

Frequently Asked Questions

When was property at 53 Western Avenue built and last sold?
The property at 53 Western Avenue was built in 1741 and last sold on Jan 1, 1970 for $185,000.
How much is this home worth?
The estimated value of the home located at 53 Western Avenue is $1,515,000.
What are some comparable homes to 53 Western Avenue?
There are currently no comparable homes to 53 Western Avenue.
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