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Gloucester 01930
59 Eastern Point Road
$430,000
● House - Off Market

59 Eastern Point Road

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$643,505
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Here at last is your fairy tale ending-this delightful cottage interrupted before its perfectly suited design was complete, is "just right" for savoring all that life has to offer in irresistible East Gloucester. Beautiful two-bedroom home on large lot with town systems and off-street parking, oodles of curb appeal and just steps from Niles Beach, Eastern Point Yacht Club, Gloucester Stage, Rocky Neck Art Colony and the scenic Back Shore. No water views but surrounded by water on three sides, this is an ideal base for crafting your seasonal, weekend or year-round retreat. Bring your imagination and your appetite because this delicious confection has no witches disguised inside and it won't last long.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$300
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1920

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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 #72586514)

Price History

Date / Event Date Event Price
Mar 4, 2020 Sold
Premium
Sold
Oct 30, 2019 Listed by Engel & Volkers By the Sea $450,000
Listed by Engel & Volkers By the Sea
Jun 5, 2015 Sold
Premium
Sold
Mar 20, 2015 Listed by Engel & Volkers By the Sea $369,000
Listed by Engel & Volkers By the Sea

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 422
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Total Building Area: 1,593
  • Gross Building Area: 2,528
  • Building Area: 1,593
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,593
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLOUCESTER
  • Land Acres: 0000000344
  • 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-10

Geography

  • Parcel: GLOU M:0132 B:0031 L:0000
  • Block: 31
  • Municipality: GLOUCESTER
  • Latitude: 42.6002
  • Longitude: -70.6554

    Address

  • Full Address: 59 Eastern Point Rd
  • Address - House Number: 59
  • Address - Street Name: Eastern Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4129
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $771,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 864,301
  • High Value: 1,000,821
  • Low Value: 727,781

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $792,900
  • Assessed Land Value: $384,300
  • Assessed Improvements Value: $408,600

    Sales

  • Current Sale Contract Date: Mar 04, 2020
  • Current Sale Recording Date: Mar 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200304002160
  • Previous Sale Recording Date: Jun 05, 2015
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: O
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

1919 ft²

Average Home Age

80.1 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72586514

Frequently Asked Questions

When was property at 59 Eastern Point Road built and last sold?
The property at 59 Eastern Point Road was built in 1920 and last sold on Mar 4, 2020 for $430,000.
How much is this home worth?
The estimated value of the home located at 59 Eastern Point Road is $464,851.
What are some comparable homes to 59 Eastern Point Road?
There are currently no comparable homes to 59 Eastern Point Road.
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