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Gloucester 01930
55-56 Shore Road
$878,000
● House - Off Market

55-56 Shore Road

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,135 Ft²
$2,387,693
RealtyHop Estimate
107.63%
Since Sep 1, 2009
National-US
Primary Model

About This Property

Fabulous waterfront property,check out the curb appeal with its custom paint upgrade and landscape. Two lots on Magnolia Harbor to mean high tide mark. The custom windows of the great room with its living room, kitchen, & dining area will take your breath away with its spectacular views clear to Boston. Three bedrooms & two full baths. Large family room w/views and possibilities. Step onto the deck and it just gets better and better with the hot tub and gazebo. Two car garage/parking for 10+.
Unit Size
2,135 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$539
Property Type
House
Property Taxes
$670
HOA Dues
-
Year Built
1984

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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: 4 years ago (MLSPIN #70904357)

Price History

Date / Event Date Event Price
Aug 7, 2009 Sold
Premium
Sold
Apr 16, 2009 Listed by J. Barrett & Company $1,150,000
Listed by J. Barrett & Company
Jun 14, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 1,296
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,998
  • Total Building Area: 2,172
  • Gross Building Area: 4,659
  • Building Area: 2,172
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,172
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000321
  • 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: 221901

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0166 B:0051 L:0000
  • Block: 51
  • Municipality: GLOUCESTER
  • Latitude: 42.5747
  • Longitude: -70.715

    Address

  • Full Address: 55 Shore Rd
  • Address - House Number: 55
  • Address - Street Name: Shore
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C018
  • 4-Digit Zip Code: 3958
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,669,000

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,652,970
  • High Value: 1,906,296
  • Low Value: 1,399,644

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,715,300
  • Assessed Land Value: $1,014,500
  • Assessed Improvements Value: $700,800

    Sales

  • Current Sale Recording Date: Aug 07, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 14, 1991
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: 43
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: 4 years ago
Data Source: MLS PIN, MLS# 70904357

Frequently Asked Questions

When was property at 55 Shore Road built and last sold?
The property at 55 Shore Road was built in 1984 and last sold on Jan 1, 1970 for $878,000.
How much is this home worth?
The estimated value of the home located at 55 Shore Road is $1,136,803.
What are some comparable homes to 55 Shore Road?
There are currently no comparable homes to 55 Shore Road.
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