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Gloucester 01930
6 Burns Way
$485,000
● House - Off Market

6 Burns Way

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,500 Ft²
$1,001,029
RealtyHop Estimate
106.40%
Since Jun 1, 2004
National-US
Primary Model

About This Property

SITUATED ON A QUIET LANE ABOVE LOBSTER COVE IN ANNISQUAM. SUN FILLED WITH RECETN ADDITION OFFERS HARDWOOD FLOORS, RECENT ADDITION FAM ROOM W/CATHEDRAL CEILINGS . IN LAW POSSIBILITY, HOME OFFICE. BTFLY LANDSCAPED NEAR BEACH&TRAILS
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$194
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1990

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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 #30804476)

Price History

Date / Event Date Event Price
May 13, 2004 Sold
Premium
Sold
Jan 17, 2004 Listed by Coldwell Banker Residential Brokerage - Gloucester $485,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Jul 15, 1992 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 1,232
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,954
  • Total Building Area: 2,051
  • Gross Building Area: 4,392
  • Building Area: 2,051
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,051
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000251
  • 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-20

Geography

  • Parcel: GLOU M:0117 B:0035 L:0000
  • Block: 35
  • Municipality: GLOUCESTER
  • Latitude: 42.6547
  • Longitude: -70.6719

    Address

  • Full Address: 6 Burns Way
  • Address - House Number: 6
  • Address - Street Name: Burns
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C026
  • 4-Digit Zip Code: 1362
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $721,800

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 791,410
  • High Value: 912,665
  • Low Value: 670,156

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $741,800
  • Assessed Land Value: $178,400
  • Assessed Improvements Value: $563,400

    Sales

  • Current Sale Recording Date: May 13, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 15, 1992
  • Previous Sale Amount: $167,000
  • 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:

$699,900

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 months ago
Data Source: MLS PIN, MLS# 30804476

Frequently Asked Questions

When was property at 6 Burns Way built and last sold?
The property at 6 Burns Way was built in 1990 and last sold on Jan 1, 1970 for $485,000.
How much is this home worth?
The estimated value of the home located at 6 Burns Way is $529,912.
What are some comparable homes to 6 Burns Way?
There are currently no comparable homes to 6 Burns Way.
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