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Gloucester 01930
578 Western Ave
$330,000
● House - Off Market

578 Western Ave

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,392 Ft²
$617,613
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

NEW kitchen with all NEW stainless steel Kenmore appliances, NEW Counter tops and cabinets- NEW bath with gorgeous tile and new sink, shower/tub, flooring- NEW septic system- NEW windows & doors-UPDATED electrical panel & plumbing & MORE! Recently painted walls throughout, great semi-finished lower level space with many possibilities: family room, office.., plenty of storage space in lower level, a large back yard deck and a great yard. Located in the beautiful hamlet of Magnolia near area beaches, walking and biking trails, restaurants, shops, marinas, commuter rail and access to the highway.
Unit Size
1,392 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$250
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
1967

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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 #71834063)

Price History

Date / Event Date Event Price
Sep 23, 2015 Sold
Premium
Sold
May 11, 2015 Listed by Bean Group $348,000
Listed by Bean Group
May 4, 2015 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • 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: 19
  • Exterior Walls Type: 2
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,700
  • Total Building Area: 1,080
  • Gross Building Area: 2,532
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000269
  • 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-30

Geography

  • Parcel: GLOU M:0193 B:0047 L:0000
  • Block: 47
  • Municipality: GLOUCESTER
  • Latitude: 42.5886
  • Longitude: -70.7114

    Address

  • Full Address: 578 Western Ave
  • Address - House Number: 578
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C030
  • 4-Digit Zip Code: 5138
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $554,500

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 596,000
  • High Value: 702,839
  • Low Value: 489,160

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $569,900
  • Assessed Land Value: $180,800
  • Assessed Improvements Value: $389,100

    Sales

  • Current Sale Recording Date: Sep 23, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 354
  • Previous Sale Recording Date: May 04, 2015
  • Previous Sale Amount: $46,000
  • Previous Sale Document Type: 55
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:

$699,450

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1949 ft²

Average Home Age

77.5 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# 71834063

Frequently Asked Questions

When was property at 578 Western Avenue built and last sold?
The property at 578 Western Avenue was built in 1967 and last sold on Jan 1, 1970 for $330,000.
How much is this home worth?
The estimated value of the home located at 578 Western Avenue is $368,792.
What are some comparable homes to 578 Western Avenue?
There are currently no comparable homes to 578 Western Avenue.
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