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Gloucester 01930
6 St. Louis Avenue
$1,000,000
● House - Off Market

6 St. Louis Avenue

Gloucester, MA 01930
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,162 Ft²
$2,159,380
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model

About This Property

VALUE RANGE PRICE LISTING-SELLER WILL ENTERTAIN OFFERS BETWEEN $1,000,000 - $1,250,000. Ocean views abound from this renovated 10 room Gambrel overlooking Brace Cove on prestigious Eastern Point. Gourmet kitchen with center island, soapstone counters and stainless steel appliances, Living Room with gorgeous stone fireplace. Enchanting third floor artist's studio with balcony. 360 degree wrap around mahogany porches. Interior bathed in light all day long. Niles Beach and Brace Cove moments away.
Unit Size
2,162 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$463
Property Type
House
Property Taxes
$696
HOA Dues
$900
Year Built
1900

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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 months ago (MLSPIN #71354738)

Price History

Date / Event Date Event Price
Nov 30, 2012 Sold
Premium
Sold
Mar 16, 2012 Listed by Coldwell Banker Residential Brokerage - Gloucester $1,000,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Feb 3, 2003 Sold
Premium
Sold
Oct 23, 2002 Listed by Coldwell Banker Residential Brokerage - Gloucester $749,000
Listed by Coldwell Banker Residential Brokerage - Gloucester

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,433
  • Total Building Area: 2,301
  • Gross Building Area: 4,815
  • Building Area: 2,301
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,301
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000423
  • 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: RC-40

Geography

  • Parcel: GLOU M:0134 B:0080 L:0000
  • Block: 80
  • Municipality: GLOUCESTER
  • Latitude: 42.5954
  • Longitude: -70.6512

    Address

  • Full Address: 6 Saint Louis Ave
  • Address - House Number: 6
  • Address - Street Name: Saint Louis
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4420
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,620,200

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,669,780
  • High Value: 1,935,931
  • Low Value: 1,403,630

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,665,200
  • Assessed Land Value: $931,900
  • Assessed Improvements Value: $733,300

    Sales

  • Current Sale Recording Date: Nov 30, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Feb 03, 2003
  • Previous Sale Amount: $695,000
  • 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:

$699,000

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1959 ft²

Average Home Age

78.3 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71354738

Frequently Asked Questions

When was property at 6 St Louis Avenue built and last sold?
The property at 6 St Louis Avenue was built in 1900 and last sold on Jan 1, 1970 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 6 St Louis Avenue is $1,005,635.
What are some comparable homes to 6 St Louis Avenue?
There are currently no comparable homes to 6 St Louis Avenue.
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