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Gloucester 01930
55 Cherry Street
Photo of 55 Cherry Street
Sold on Aug 29, 2005

1

Map

$347,500
● House - Off Market

55 Cherry Street

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
978 Ft²
$629,701
RealtyHop Estimate
74.92%
Since Sep 1, 2005
National-US
Primary Model

About This Property

Maintenance Free Living in a spacious ranch home. 90% of the property is NEW. Located in the desirable area of Riverdale. Great location to raise a family; near schools, family room and large yard. Or for retirees who are looking for a peaceful area and one floor living. Small Brook to the side of the lot that flows in the spring & fall. Near Dogtown, Beaches, Route 128. Corian kitchen counters and sink. This one is not a drive-by -it is larger than it looks from the street.
Unit Size
978 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$368
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1952

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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: 5 months ago (MLSPIN #70232183)

Price History

Date / Event Date Event Price
Aug 30, 2005 Sold
Premium
Sold
Jul 27, 2005 Listed $360,000
Listed
Oct 4, 2004 Sold
Premium
Sold
Aug 22, 2004 Listed $220,000
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • 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: 11
  • Exterior Walls Type: 19
  • 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: 948
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,200
  • Total Building Area: 948
  • Gross Building Area: 2,030
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 948
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHERRY STREET GLOUCESTER
  • Land Acres: 0000000234
  • 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:0107 B:0028 L:0000
  • Block: 28
  • Municipality: GLOUCESTER
  • Latitude: 42.6301
  • Longitude: -70.6702

    Address

  • Full Address: 55 Cherry St
  • Address - House Number: 55
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C009
  • 4-Digit Zip Code: 1823
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $438,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 496,265
  • High Value: 574,652
  • Low Value: 417,877

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $450,700
  • Assessed Land Value: $176,100
  • Assessed Improvements Value: $274,600

    Sales

  • Current Sale Recording Date: Aug 30, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 04, 2004
  • Previous Sale Amount: $220,000
  • 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

55

Average Home Size

2027 ft²

Average Home Age

81 years

Currently For Sale

91 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# 70232183

Frequently Asked Questions

When was property at 55 Cherry Street built and last sold?
The property at 55 Cherry Street was built in 1952 and last sold on Jan 1, 1970 for $347,500.
How much is this home worth?
The estimated value of the home located at 55 Cherry Street is $364,461.
What are some comparable homes to 55 Cherry Street?
There are currently no comparable homes to 55 Cherry Street.
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