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Gloucester 01930
54 Grapevine Rd
$665,000
● House - Off Market

54 Grapevine Rd

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,580 Ft²
$3,869
Est. Monthly

About This Property

East Gloucester - Coastal Cottage just minutes from Good Harbor Beach, Niles Beach, Bass Rocks Golf Club and Rocky Neck Art Colony. 3BR/2BA with sunny kitchen and deck overlooking private backyard with garden shed. Lower level walkout has separate entrance and 3/4 BA for extra bedroom, family room or home office. Bring your e-bikes and surfboards and enjoy Gloucesters famous Back Shore!
Unit Size
1,580 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$436
Property Type
House
Property Taxes
$485
HOA Dues
-
Year Built
1959

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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 #73159663)

Price History

Date / Event Date Event Price
Jan 4, 2024 Sold
Premium
Sold
Dec 4, 2023 In contract -
In contract
Sep 14, 2023 Listed by Simply Sell Realty $689,000
Listed by Simply Sell Realty
Aug 30, 2022 Sold
Premium
Sold
Jul 13, 2022 Listed by Simply Sell Realty $585,000
Listed by Simply Sell Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,700
  • Total Building Area: 912
  • Gross Building Area: 2,080
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 912
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • 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: 221300

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0076 B:0037 L:0000
  • Block: 37
  • Municipality: GLOUCESTER
  • Latitude: 42.599
  • Longitude: -70.645

    Address

  • Full Address: 54 Grapevine Rd
  • Address - House Number: 54
  • Address - Street Name: Grapevine
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4246
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $568,000

    Appraisal Valuation

  • Standard Deviation: 0.1657
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 684,631
  • High Value: 739,598
  • Low Value: 629,663

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $583,800
  • Assessed Land Value: $310,900
  • Assessed Improvements Value: $272,900

    Sales

  • Current Sale Contract Date: Jan 04, 2024
  • Current Sale Recording Date: Jan 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 648983
  • Previous Sale Recording Date: Aug 30, 2022
  • Previous Sale Contract Date: Aug 30, 2022
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

1884 ft²

Average Home Age

81.2 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73159663

Frequently Asked Questions

When was property at 54 Grapevine Road built and last sold?
The property at 54 Grapevine Road was built in 1959 and last sold on Jan 4, 2024 for $665,000.
How much is this home worth?
The estimated value of the home located at 54 Grapevine Road is $710,412.
What are some comparable homes to 54 Grapevine Road?
There are currently no comparable homes to 54 Grapevine Road.
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