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Gloucester 01930
6 Munsey Lane
$485,000
● House - Off Market

6 Munsey Lane

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,368 Ft²
$691,888
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Lanesville Gem! This turn-of-the-century quarryman's cottage is located on a quiet lane, moments from the center of Lanesville. The home is loaded with charm and character. There are mature gardens, parking for four cars and some seasonal water views. Six Munsey Lane offers 3 bedrooms, a country kitchen with new stainless steel appliances, and aged wide-pine floors. Nature is at your doorstop with Lane's Cove, Flat Rocks, Dogtown and Plum Cove Beach. The unfinished attic affords excellent storage and potential expansion.
Unit Size
1,368 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$365
Property Type
House
Property Taxes
$355
HOA Dues
-
Year Built
1920

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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 months ago (MLSPIN #72649092)

Price History

Date / Event Date Event Price
Jul 13, 2020 Sold
Premium
Sold
Apr 29, 2020 Listed by Coldwell Banker Residential Brokerage - Manchester $499,000
Listed by Coldwell Banker Residential Brokerage - Manchester
Feb 19, 2016 Sold
Premium
Sold
Nov 2, 2015 Listed by Coldwell Banker Residential Brokerage - Manchester $399,000
Listed by Coldwell Banker Residential Brokerage - Manchester
Oct 18, 2012 Sold
Premium
Sold
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 900
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,277
  • Total Building Area: 1,368
  • Gross Building Area: 2,736
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000098
  • 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:0143 B:0018 L:0000
  • Block: 18
  • Municipality: GLOUCESTER
  • Latitude: 42.6787
  • Longitude: -70.6557

    Address

  • Full Address: 6 Munsey Ln
  • Address - House Number: 6
  • Address - Street Name: Munsey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C020
  • 4-Digit Zip Code: 1023
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $527,900

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 576,298
  • High Value: 679,605
  • Low Value: 472,990

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $542,500
  • Assessed Land Value: $182,800
  • Assessed Improvements Value: $359,700

    Sales

  • Current Sale Contract Date: Jul 06, 2020
  • Current Sale Recording Date: Jul 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200713006230
  • Previous Sale Recording Date: Feb 19, 2016
  • Previous Sale Amount: $392,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72649092

Frequently Asked Questions

When was property at 6 Munsey Lane built and last sold?
The property at 6 Munsey Lane was built in 1920 and last sold on Jul 6, 2020 for $485,000.
How much is this home worth?
The estimated value of the home located at 6 Munsey Lane is $509,840.
What are some comparable homes to 6 Munsey Lane?
There are currently no comparable homes to 6 Munsey Lane.
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