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Gloucester 01930
56 Hill Top Road
$660,000
● House - Off Market

56 Hill Top Road

Gloucester, MA 01938
bedrooms
4 Beds
bathrooms
3 Baths
square feet
5,172 Ft²
$869,190
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

WOW!! BIG PRICE REDUCTION!  WINGAERSHEEK.Live "on top of the world" with expansive VIEWS of the marshland and West Gloucester.Now, at a tremendous NEW PRICE, create the custom home of your dreams, within a workable budget.  Upon entering, one is impressed by the walls of glass, the 2 story ceiling height, and the balconies, which all offer additional views.The brightly lit living area opens up to an enormous deck, pool and cabana. This 5172 SF home with 4 bdrms and 4 full baths, has a flexible floor plan, offering many living possibilities.  The over-sized family room is a perfect setting for entertaining, or re-create  it into an in law suite or master bedroom. Use your creative talents, a lot of TLC and WORK, to create the one of a kind, magnificent home of your dreams.OPEN HOUSE 1/31/21 , 11-1
Unit Size
5,172 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$135
Property Type
House
Property Taxes
$835
HOA Dues
-
Year Built
1963

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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 years ago (MLSPIN #72721205)

Price History

Date / Event Date Event Price
Mar 1, 2021 Sold
Premium
Sold
Sep 5, 2020 Listed by Advisors Living - Gloucester $699,000
Listed by Advisors Living - Gloucester

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,900
  • Total Building Area: 5,050
  • Gross Building Area: 6,572
  • Building Area: 5,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 5,050
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000319
  • 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: 221902

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0242 B:0079 L:0000
  • Block: 79
  • Municipality: GLOUCESTER
  • Latitude: 42.6357
  • Longitude: -70.7075

    Address

  • Full Address: 56 Hill Top Rd
  • Address - House Number: 56
  • Address - Street Name: Hill Top
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1517
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,104,900

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 94
  • Final Value: 2,056,813
  • High Value: 2,221,169
  • Low Value: 1,892,457

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,135,600
  • Assessed Land Value: $187,600
  • Assessed Improvements Value: $948,000

    Sales

  • Current Sale Contract Date: Feb 26, 2021
  • Current Sale Recording Date: Mar 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210301007970
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: 5 years ago
Data Source: MLS PIN, MLS# 72721205

Frequently Asked Questions

When was property at 56 Hilltop Road built and last sold?
The property at 56 Hilltop Road was built in 1963 and last sold on Feb 26, 2021 for $660,000.
How much is this home worth?
The estimated value of the home located at 56 Hilltop Road is $0.
What are some comparable homes to 56 Hilltop Road?
There are currently no comparable homes to 56 Hilltop Road.
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