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Gloucester 01930
531 Washington St.
$287,500
● House - Off Market

531 Washington St.

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,302 Ft²
$499,019
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Build your dream home or perhaps a two-family in Bay View! Raze the existing dwelling and rebuild upon 13,000 square feet of gently sloping land. The site offers some lovely views of Mill River along with beautiful sunsets. Bonus, antique cottage at the rear of the property. Cottage can be used as a studio, workshop or playhouse, for all of your creative endeavors!
Unit Size
1,302 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$252
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
1900

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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 #72407432)

Price History

Date / Event Date Event Price
Dec 7, 2018 Sold
Premium
Sold
Oct 9, 2018 Listed by Coldwell Banker Residential Brokerage - Gloucester $328,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
May 18, 1984 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 812
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,000
  • Total Building Area: 1,302
  • Gross Building Area: 2,460
  • Building Area: 1,302
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,302
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000298
  • 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:0111 B:0033 L:0000
  • Block: 33
  • Municipality: GLOUCESTER
  • Latitude: 42.6405
  • Longitude: -70.6721

    Address

  • Full Address: 531 Washington St
  • Address - House Number: 531
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C028
  • 4-Digit Zip Code: 1750
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $480,300

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 531,402
  • High Value: 632,911
  • Low Value: 429,893

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $493,600
  • Assessed Land Value: $184,800
  • Assessed Improvements Value: $308,800

    Sales

  • Current Sale Contract Date: Nov 28, 2018
  • Current Sale Recording Date: Dec 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181207001110
  • Previous Sale Recording Date: May 18, 1984
  • Previous Sale Amount: $90,000
  • 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:

$699,900

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# 72407432

Frequently Asked Questions

When was property at 531 Washington Street built and last sold?
The property at 531 Washington Street was built in 1900 and last sold on Nov 28, 2018 for $287,500.
How much is this home worth?
The estimated value of the home located at 531 Washington Street is $345,816.
What are some comparable homes to 531 Washington Street?
There are currently no comparable homes to 531 Washington Street.
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